Starting out your business in a physical office setting can be one of the most fruitful ways to establish your startup as a legitimate figure in its industry.
Most startup businesses opt to lease office space over buying it, and while the option saves them money in the long run, there are still several important decisions to be made that have an impact on day-to-day business operations.
One of the most important decisions a business owner can make while determining leasing options is how much space they’ll actually need.
Here’s a look at four key aspects of your business to examine before you decide on office size and layout for your future employees.
Start With Your Employees
Yes, knowing how many employees you have on board and how many you plan to bring into your business is important. However, there are other key questions you should consider when determining how much office space your business will need.
- If employees will need their own private offices
- How many employees are willing to work in group spaces?
- How often you’ll need a conference room.
- What are your employee expansion plans for the next couple of years?
Thinking ahead and putting your employees first will help you determine an initial idea of the space you’ll need and whether or not it will have to be a long-term or short-term office lease.
Think About Your Dream Office Layout
When making a decision about the size of your office space, layout is everything. Do you envision your business to be an open, collaborative setting? Or would you prefer a suite of small offices where employees can work privately?
These layout decisions all have an impact on the type of office space you should lease for your startup. Along with the future of your business, which we’ll discuss below, understanding your layout makes the difference between overspending on a large unit and saving enough money to further invest in your business.
No matter your ideal layout, the leasing team at St. Paul Place will happily work with you to accommodate your needs and prepare your leased space to perfection.
Map Out the Future of Your Business
This isn’t just thinking about how many employees you will expand to over the years. If you think your business is going to grow, consider how much spare equipment you’ll need like desks, computers, telephones. This type of amenity support is necessary to your business growth, and foresight definitely matters.
Changing buildings and office space is stressful. We understand why people don’t enjoy the process!
So, we suggest that before signing a lease on a dream space, take some time to map out your business plan for the next five years. If you see yourself growing considerably in size and scope, it may be a good idea to start off with a larger than necessary unit in order to comfortably make any growth adjustments.
Consider Your Office Culture
Consider the culture you want around your business and what your main goals are within your industry. If you want a relaxed office environment, an open layout within a larger unit may be the selection for you.
However, if your goals are to operate clean and lean, a smaller office space that emphasizes the focus of getting work done diligently for the duration of a shift could be the size that helps you achieve your goals.
Whatever your business needs are, the management at St. Paul Place can help you find the perfectly sized unit that helps you flourish in your industry.
Lease Your Business’ New Home Today, at St. Paul Place
If you’re ready to take the next step into your business’ success with an office space lease, St. Paul Place is ready to show you around our units. We have office space from large to small that can accommodate all of your business needs.
We invite you to take a tour of our available units and discover the amenities and community we’ve built in our Dallas location.
Contact us today to schedule your appointment.