The Current Demand For Office Spaces

The demand for office space currently can be termed as high. It is therefore not a wonder that commercial properties are being developed every single day and getting occupied within no time. The increase of course means great economic potential. It can however make it harder for businesses to find the best for their business requirements and needs. The demand markers in the service sector include computer and data processing firms, reproduction and mailing, credit reporting, legal and social services and management service firms among many others.

Apart from new companies looking for office spaces, existing companies also bring in higher demand through growth and expansion. When a company is going well, it is bound to expand and this increases the demand for bigger spaces. Office spaces are therefore ever in demand in the metropolitan areas which create commercial hubs.

Factors Leading to Demand for Office Space

The current high demand in office spaces can result from different factors among them the need for more companies to create a presence in the economic hubs where they are easily accessible and have higher chances of making it big in the market. Every business wishes to enjoy a great presence wherever it is. By choosing a good location, it has a greater potential of growing. Other factors that have led to the increase include:

Increase in office firms:

There is a current increase in the number of office firms that are in the market. The fact is that more and more entrepreneurs are coming up with amazing business ideas. A large number of people are looking for financial freedom through self employment and are therefore coming up with firms every single day. It is a factor that will always have an effect on the demand for office space. Commercial premises are being occupied as soon as they complete. It goes to show an impressive growth in the business sector.

Increase in firm employee number:

Any firm requires employees to have all business functions going smoothly. When a firm starts doing well in the market, the need to hire more employees is inevitable. This however comes with the need to have more space. It could mean renting more office space for the firm on location or relocating to a much more convenient office on rent. The employee factor could also be brought in by demands in square footage per employee within the firm. This will also mean looking for more space for the firm to cater to the growing space demand for every employee.

Increase in presence goals:

Another factor that has led to the current demand in office space is the need for more firms to have a market presence. Companies are now moving more to where business growth and development has potential. Every city has business hubs which will always be attractive to the business people. Properties developed in such areas are therefore bound to be ever in demand. The presence of a company in the market can determine how successful it turns out to be.

Important Factors to Be Considered by Anyone Looking for Office Space for Rent

The office is very important to every business. Every businessman needs to be very careful when choosing the office to rent so as to make sure that only the very best is got. There are many important factors that should be considered by anyone looking for office space for rent before making the final decision.

The rent rate

This is the first thing that anyone looking for office space should look at. This means that the rent rate should by all means go in sync with the budget allocated for the office and also that it matches with the amenities available in the office. It is always advisable to avoid going for a very expensive office when there is no need to spend hugely. It is also not advisable to go for a very cheap office because at the end of the day, it might end up compromising on some important amenities which might be essential to the successful running of the business.

The location

This is also a very important factor to consider. The office location is a very important aspect of every business. However, this is to a very large extent determined by the type of business. There are those businesses that are more suited for having offices in town centers while there are those that are more suited to have offices that are a bit far from town centers. The type of business dictates this factor. However, it is important to make sure that at all times, the most suitable location is got for the specific business.

The amount of space needed

Space is also a very important factor to be taken into consideration by anyone who wants to get the very best in office space for rent. It is always important to go for the exact space that is needed. This ensures that the office is not cluttered and that it looks spacious. It is completely wrong to go for either too small space or very big space.

The lease type

This is another important factor that anyone looking for office space should consider. There are different lease types and at all times, it is important to go for the lease type that is more suitable for the type of business. The lease type should offer flexibility to the business such that if there is need to move, it is done swiftly.

Amenities inside the office

A good office should come accompanied by the necessary amenities at all times. For instance, it should have a kitchen and a clean bathroom and toilet. These are both very important amenities in the office and therefore, they should be inclusive in the office.

All said and done, everyone looking for an office will definitely have the very best if the above factors are well taken into consideration. At the end of the day, the office that will be got will be worth the rent paid. On the other hand, the office will deliver what is needed such that at the end of the day, the business heads in the right direction.

Furnished Office Space for Proficient Rents

Hiring an office has forever carried with it a component of risk. Before a company can come into a long-term rent, they should first make a specific approximation of how much office space they will necessitate over the subsequently few years. Given the present economic environment, trade owners and executives have difficulty envisage what after a few months might have in store for them, let unaccompanied years. This has guided numerous firms away from the conventional long-term rents towards more supple, month-to-month office rents from turn-key business hubs.

Commerce Centers, also known as effective offices or common office place, are companies that hire furnished office spaces on a month-to-month origin, while still contribution the same greeting, meeting room, packages, phone and equipment services that conventional offices come prepared with. This gives their occupant the advantage of being capable to rent on a monthly basis, without acquiring the expenses associated with refurnishing their innovative offices and reinstalling other required office communications. Special types of room may be accessible, ranging from a day-use small table with a footlocker for infrequent use, to an enthusiastic compartment or enclosed office with 24*7 rights to use, to a bigger workroom that can provide somewhere to stay a superior staff. These spaces can be ultimate for individuals, small trades, or outpost or branch offices of better companies, whether home, countrywide, or international.

Yet, leasing office space on a provisional basis can be a grand way for companies to fight against the ambiguity of the economic condition. There are some little key benefits that trade centers can offer. A lot of companies may be facing the option of economizing in the near prospect, and renting on a month-to-month basis can give companies a way to keep away from paying for vacant space. On the other hand, if the corporation does enhanced than forecasted, business centers construct it simple to augment space capability without having to shift to a completely new office. Trade centers offer fully furnished offices with communications and utilities built-in. This means your corporation will not have to waste valuable time and capital moving in furnishings, canvas, or fitting cellular phone lines.

If you make your mind up after a month that you are not contented with the place or service, there are no compulsory long-term contracts. You can cleanly pack up and go at any time you opt. The diversity of types and dimensions of obtainable space at these centers also permits you to change your kind of office as you expand your individual resembling and abhors from your occurrence. Commerce Centers are accessible for an assortment of financial plans, and come with diverse levels of overhaul. Corporations appraising such centers should choose supermarket for the price that fits their financial statement, but also for the representation and services that fit their requirements for taking a furnished office space.

How Your Office Space Impacts Employee Well-Being

In the last 20 years, the modern office has gone through a number of evolutions. The early 2000s saw the death of cubicle farms and the rise of open floor plans, and 2015 brought waves of ping pong and foosball tables to offices everywhere. While office trends come and go, one thing that does not change is the impact that the office environment has on employee health and well-being.

A quality workspace design leads to a less stressful and more productive atmosphere. It’s essential that employers take the physical work environment of their employees into consideration. Employees need to feel comfortable and calm in their physical work settings to produce their best work.

According to the Fellows Workplace Wellness Trend Report, employees also want to work in a healthy environment. Here are some findings from the survey:

An overwhelming majority (87%) of workers would like their current employer to offer healthier workspace benefits, with options ranging from wellness rooms, company fitness benefits, sit-stands, healthy lunch options and ergonomic seating.

Interestingly, employees of younger companies are less likely (34%) to be turned down when asking for in-office benefits like sit-stand desks, than employees at established companies (42%).

93% of workers in the tech industry said they would stay longer at a company who would offer healthier workspace benefits, with options ranging from wellness rooms, company fitness benefits, sit-stands, healthy lunch options and ergonomic seating.

One company, ROOM, is addressing the growing need for privacy in the workplace with their phone booth, a sound-proofed, ventilated, powered booth that can give employees a place to take a video call or get some uninterrupted time to focus on work.

“We spend almost a third of our lives in the office, and in order to find and retain top talent, it’s essential for companies to foster an environment that empowers people with the right space to work, think and collaborate naturally. Seventy percent of offices today are open plan, and the open plan layout can be fantastic. But it really needs to be implemented correctly with employee productivity and happiness in mind. From offering private rooms to take a call and quiet spaces for meditation to fun, comfortable areas that foster collaboration, it’s imperative to think about building office spaces with different environments to maximize employee wellbeing. At ROOM, we're setting a new standard for the workplace, and we believe that our phone booth offers the perfect starting place for teams of all sizes to create a happier, healthier, and more productive work environment," says Morten Meisner-Jensen, Co-Founder of ROOM.

Office design is such a valuable business investment; there’s even an international organization that has established requirements to create productive and comfortable indoor environments. The WELL Building Standard™ (WELL) is the premier standard for buildings, interior spaces and communities seeking to implement, validate and measure features that support and advance human health and wellness. Administered by the International WELL Building Institute (IWBITM), and certified by Green Business Certification Inc., the WELL Building Standard is the first standard that focuses on human health and wellbeing into design, construction and operations of buildings. According to the IWBITM, workplace design that considers air quality, lighting, views onto nature and the general layout of the interior can significantly impact on health, satisfaction, wellbeing and staff productivity.

The Well Office Space Building Standards

The WELL Building Standard focuses on seven concepts of building performance:

Air, Water, Nourishment, Light, Fitness, Comfort and Mind. Even if you have no immediate plans (or the budget!) to become WELL Certified, companies can still utilize the principles to help create a healthier environment. Let’s dive in deeper and see how you can bring these concepts to your company:

Air

The quality of air within an office can have a significant impact on your employees’ health and in turn productivity. Research carried out by the World Green Building Council recorded an 11% increase in productivity as a result of increased fresh air to the workstation and a reduction in pollutants. Here are a few ways you can impact the air quality:

·       Implement a no-smoking policy

·       Develop green cleaning protocols and keep office clutter-free

·       Install air filtration systems

·       Maintain a healthy level of humidity

·       Add some office plants

·       Open windows

Water

Our brains are 73% water, so water consumption helps improve sleep quality and energy levels, as well as our ability to focus, our clarity of mind, and our awareness and alertness. This, in turn, helps us become more productive at work. Here are a few ways you can help your employees increase their water intake:

·       Provide safe drinking water

·       Install a water cooler

·       Educate employees about the benefits of drinking water

·       Host water challenges

·       Nourishment

We’ve all heard the saying “you are what you eat," and this saying might be especially true in the workplace. What your employees eat fuels and powers their days at the office. If you want your employees to feel energized, focused, and productive, you’ll want them eating a nutritious, balanced diet that supplies them with the nourishment their bodies need to succeed. Encourage better eating habits and food culture with these tips:

·       Improve the availability of fresh fruit and vegetables

·       Limit access to processed foods

·       Label food clearly for food allergies

·       Improve access to good hand washing facilities

·       Make nutritional information available

·       Promote healthy food options over advertising unhealthy ones

·       Foster mindful eating – create dedicated eating spaces

Light

A study conducted by the Department of Design and Environmental Analysis at Cornell showed that employees seated within 10 feet of a window reported an 84% decrease in eyestrain, headaches, and blurred vision symptoms. Here are a few ways to rethink your office lighting design:

·       Consider adding skylights

·       Control glare

·       Maximize natural lighting

·       Move big, bulky furniture that blocks sunlight

·       Replace flickering lights

·       Layer different types of lighting in a workspace, such as ambient and task lighting

Fitness

Our bodies were made to move, not sit all day. Employees who lead an active lifestyle are likely to be more productive. Because exercise increases the blood flow to the brain, employees will get a boost of energy and alertness. This can also sharpen their concentration and decision-making skill. A few ways to encourage movement at work include offering:

·       Open and accessible stairways

·       Shower facilities

·       Bicycle storage

·       Adjustable workstations

·       Space for physical activity

·       Comfort

The office should be a place of comfort. The use of correct ergonomics can lessen muscle fatigue, increase productivity, and reduce the severity of musculoskeletal disorders (MSDs), which are the most frequently cited causes of lost work time. A few ways to create distraction-free, comfortable environments include:

Ergonomically crafted work areas with the ability to alternate from sitting to standing positions

Provide employees with different areas to work during their day

Limit sound from building systems and create quiet zones

Create breakout areas, hot desking and informal meeting areas, and creative spaces for brainstorming

Mind

The Global Impact of Biophilic Design in the Workplace study showed that people who work in spaces with natural features reported 15% higher levels of overall wellbeing. Furthermore, the respondents expressed feeling 6% more productive and 15% more creative at work. If the interior design of an office considers the occupants such as creating both breakout space and social space, improvements are found in concentration, collaboration, confidentiality and creativity. Optimize employees' emotional health through these strategies:

·       Create collaborative spaces, as well as areas to relax and de-stress

·       Add greenery: potted plants, living walls or flower gardens

·       Design outdoor spaces (rooftop patio or staff garden)

·       Offer flexibility - give options for where and how employees want to work

The research shows how workplace design positively influences health, wellbeing, employee satisfaction, and performance. There is huge potential for improving and making a positive impact on employee wellbeing through human-centered design. By simply offering employees areas to recharge and taking their comfort into consideration, you can easily make subtle changes to improve the physical environment at your office.