What to Look for When Purchasing Office Space

When buying a new office, the most important rule is to avoid acting as if you are acquiring a home which you must put your soul and heart into. Purchasing an office for sale in Tecom in Dubai (or anywhere in the world) requires more practical sense and less emotion.

The space you choose will have a massive impact on your business. It will affect your brand image, daily operations, and staff morale. Though there are plenty of influential factors regarding which office to buy, five things are vital to the process.

What to Look for When Purchasing Office Space

1. The office has enough space and several amenities

You need to buy a property that will complement your needs and industry. For example, choose an office that can cope with the number of employees you have. You would not want to squeeze people in because this can undermine their productivity and accuracy levels. The lack of freedom to move and room to breathe will create an unhappy workspace. Eventually, your employees may think of leaving your company and working somewhere else where their needs are considered.

So as much as possible, choose an office with more space. For instance, opt for a workplace with a large open space, recreational room, a break room, and more multipurpose function rooms so you don’t have to look for another if you expand your business soon. You may also consider buying an office with several amenities like a gym, an outdoor pool or jogging track, and sauna/steam rooms. These added benefits can make working for your business happier and more profitable.

2. The location of the office suits your needs

One of the best ways to increase your competitive advantage is to choose a prime location for your office. You can reap the benefits of better access to talent, increased foot traffic, and improved brand awareness.

Moreover, it should be safe and reputable. Consider the neighborhood, for instance. No one wants to buy a space where expensive and sophisticated equipment and technology can get stolen. For instance, if you are in Brooklyn, consider only the safest neighborhoods Brooklyn for your office location. Though alarms can help, aim to secure a location with a lobby and 24-hour security and surveillance systems in place.

Most importantly, the location should be easily accessible to you, your employees, and your clients. Public transportation options should be reliable and nearby. Caring about your worker’s commute can result in a happier work environment. The same is true if you have employees with cars; make sure that they have ample parking spaces so they won’t struggle to look for one every time they report to work. Guarantee their car’s safety, too. You don’t want their car, including yours, to suffer from either accidental or intentional bumps or scrapes.

3. It does not have any structural damage

Checking the office's ceilings, walls, and windows for signs of discoloration, disrepair, or mold is crucial. Identifying signs of rotting and leaking is essential, too.

Like investing in pre-purchase inspection when buying a vehicle, you need to have the office property surveyed by an expert for any structural damages, especially those unseen by the naked eyes. These issues are not only costly to fix but can also undermine your employees’ health and well-being.

4. The price is right

The cost of office space is also an important consideration. Spending too little can result in a disappointing workspace for everyone while spending too much can cause you to struggle to pay its price. Either way, you might find yourself moving out after several months.  

To avoid any of these scenarios, you need to determine how much you are willing to spend on your new office. Don’t also forget to ask about any hidden costs to avoid unnecessary charges later on. Most importantly, make a comparison with other available office spaces in the area.

5. The building is marketable

The building where the office is located can help promote your business. A photogenic building can be printed on your flyers, brochures, and business cards so potential customers can see how reputable and thriving your business is. Consider creating posters and banners for your office and reception area, too.

The different social media channels can also become a platform for marketing your company. Take note that most customers today are impressed by organizations with functional and impressive work spaces. So if you are in the fashion industry, for instance, sharing photos of your picture-perfect office will further promote your clothing line.

Unlike buying luxury apartments for sale in Dubai, wherein your personal preferences and sanctuary are taken into account when making a decision, buying office spaces is more about prioritizing business profitability and reputation. Establishing your company in one of the city’s busiest hubs will increase your chances of attracting more customers and gaining high returns compared to positioning your office in a more out-of-the-way place. So if you are looking for your new office, take note of these five crucial things to ensure that you secure a money-making, recognizable address.