For many growing businesses, there comes a time when their existing office space no longer suits their needs and they need to move to a new one. You can’t just rush into the first property within your budget, though. Before you sign a long-term contract with a commercial property owner, it’s important to think through certain details about your employees, your growth goals and your overall company structure.
According to members of Forbes Real Estate Council, here’s what business owners need to consider when they’re seeking a new office space. Follow their advice to ensure that the space you choose not only works for your budget and business goals, but for your team members, too.
Commercial real estate experts weigh in.ALL PHOTOS COURTESY OF FORBES COUNCILS MEMBERS.
When looking at a new office space, the biggest consideration needs to be the commute times of your employees. You should map out the home addresses of where your employees live to check what their average commutes will look like if you move. Also, it’s important to look for company locations within walking distance to restaurants, gyms, etc. — you don’t want your office to exist in a vacuum – Nathaniel Kunes, AppFolio Inc.