3 Factors to Consider if You Want to Maximize Office Space But Minimize Costs

Posted on July 15, 2022 by bafcorp20

If you are looking for new commercial office space, you likely want an office that adequately delivers on square-footage. But everyone knows that more space means more expenses. So, if you aim to maximize your new office space at minimal cost, you will need to place your focus on three relevant factors: location, lease, and layout. Continue below to learn more.

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How to Reduce Commercial Office Space Costs

Commercial offices do not come cheap no matter which way you approach the real estate or leasing game. Expect to spend more on your office rent or mortgage than you have in the past, as rates continue to inflate year after year. With this in mind, you can realistically prepare yourself for what to expect when it comes time to visit potential office locations.

You are not wrong to want the highest quality office space economically-available to you. It is possible to maximize your commercial office square-footage while also diverting costs and managing expenses wisely. The key to achieving this objective is to smartly plan your office acquisition, whether buying or leasing. These three factors will help guide you toward getting the most value from your new commercial office:

Location

Location has been, is, and always will be one of the most important factors among buyers and investors in the real estate industry. Begin your search for a new commercial office by locating all available business-zoned spaces in the most cost-effective areas. Most landlords and property management companies will list their spaces at the maximum value according to current supply and demand. Better locations will come with a higher price tag.

Many businesses choose to move their offices from the city to the suburbs to avoid excessive metropolitan rents and real estate costs. Acquiring a comprehensive understanding of the current real estate market conditions can help you find the best office location within your budget. A skilled commercial general contracting company can help you meet this goal with professional office space planning and permitting services.

Lease

Commercial office leases are negotiable no matter how stringent they appear at first glance. It is important to prepare yourself for lease negotiations to ensure that you are maximizing your lease objectives, while also gaining favorable financial terms and flexible conditions. Trust an experienced Indianapolis commercial general contracting team to create the leverage necessary to get you the best office lease terms possible.

Layout

One of the top contributors to your overall commercial office space procurement expenses will be the design, remodeling, and build-out process. By hiring a qualified Indiana commercial construction company for your office remodeling needs, you can better maintain control over your renovation budget. There are many design and construction strategies proven to be successful at delivering optimal space utilization with efficient cost management, and your commercial general contractors will know exactly how to implement these strategies to your benefit.

Are you looking for a reliable general contracting company that can help you find the best commercial office space and renovate it to make it your own? Contact BAF Corporation at 317-253-0531 for professional commercial construction management and space planning in Indianapolis, Indiana.

How to Lease the Right Office Space

Posted on February 22, 2022 by bafcorp20

Whether you are planning to move your business or open a new location, choosing the right office lease will help set you and your staff up for success. Continue below for some helpful tips on how to lease the right office space that meets your needs, including your budget and overall business objectives.

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Top Considerations for Leasing New Office Space

When you think about moving or opening a new office space, you want to set your focus on how your staff will feel and function. You also want to set this focus on your clients if your business serves customers on-site. Employee contentment and morale plays an important role in their overall productivity. Higher staff productivity improves your business’s bottom line.

Aside from making your staff comfortable, you want to also set them up with the proper design and resources that allow them to perform their duties to the best of their ability, and with optimal efficiency. These too can help improve your bottom line. You will want to think about your office’s size and square-footage, as well as its design, location, amenities, accessibility, budgets, and more.

For these reasons and more, it is vital to choose the right office lease and space that can adequately meet the current and future needs of your business. Here are some tips on how to narrow your office space lease options down to the ones that best fit your business objectives:

Consult With Managers and Team Members

You are not the only voice that matters when it comes to moving office locations. To ensure you find the office lease that best fits your business’s needs, you should solicit input from your managers and staff members. They may have a unique viewpoint on the office’s needs or offer suggestions on how to improve their productivity. Ask them to list their concerns and priorities, then review each list with them to open a discussion.

Take a Staff Survey

Implementing a staff survey is a great way to identify office priorities and areas of improvement. You can choose to conduct this assessment online via email, in person, anonymously, or as a requirement. Ask your staff and management teams how they commute to work, what they like most about the office, what they like least, what they think can be improved, if their workstation is comfortable, and so forth.

You can also ask them if they would run errands or visit other types of businesses on their lunch hour, before work, or after work, like fitness studios, grocery stores, and restaurants. This information can give you an idea of where to look for potential office space. For instance, you might look for office space with an open floor plan and more natural lighting, or near an easy highway exit or popular shopping center.

Think About the Present and the Future

As mentioned, you will want to consider the current needs of your business, as well as the future expected and unanticipated needs. This includes your budget, procurement, staffing, resources, facility maintenance, expansion, and more. These elements can be easily planned and organized with the help of a licensed space planning contractor in Indiana. For instance, you want to choose an office space that can accommodate your current load of business, as well as more business in the years to come. If you are thinking about expanding your operation, you will want to make sure the space you choose is compatible with conversion or remodeling work.

Be Patient

It is important to be patient and take your time during the office space search process. Not only do you want to look at as many spaces as you can, but you will also need to make multiple office lease offers. Ultimately, you want landlords to compete over your business. Talk to the landlords and interview them about their lease agreements, plus introduce yourself to potential neighbors who might give you some insight on the area or building. Do not be afraid to bring your commercial general contractor with you to look at potential office space if you know you will need to implement some degree of remodeling or construction. They can help you identify good and bad locations.

Are you looking for new commercial office space in Indiana? Contact BAF Corporation at 317-253-0531 for superior space planning and permitting in Indianapolis, Indiana. We are experts in office and commercial use construction, as well as tenant improvement remodeling and facility maintenance. We serve commercial and industrial clients all throughout the state.

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5 Features You Want in a New Commercial Office Space

Posted on September 24, 2021 by bafcorp20

Everyone from business owners and colleagues to staff and personnel want a fun and functional office space. When you are looking to lease new commercial office space in Indiana, focus your attention on the most sought-after amenities to deliver these elements and support the overall success of your business.

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Top Office Amenities in Commercial Real Estate

Whether you are looking to attract high-quality corporate tenants to your commercial office space, or you wish to find a new commercial office lease that meets the needs of your company and your staff, shared office amenities are something to consider. Commercial real estate experts suggest that offices with certain types of shared amenities, such as kitchen areas and outdoor workspace, tend to be more productive, and therefore, more successful.

Here are the top 5 office amenities to consider when selecting a new office location:

▶ Kitchen or Cafeteria

Employees have to eat; don’t they? So, when looking for a new commercial office space, keep your eye out for a lease that has (or includes access to) a kitchen or cafeteria. Some office buildings and complexes have on-site cafés, delis, or food trucks available to staff as well. If you cannot find a lease that provides these amenities, look for an office space that has a kitchen area, or that has enough room to construct one. Giving your employees access to a refrigerator, microwave, and coffee maker makes a big difference in terms of daily productivity and overall contentment among staff.

▶ Elevators

Having access to a fast and reliable elevator system is a top advantage for office staff and visitors. This amenity is especially important if you are leasing a commercial office space in a building that has multiple floors. Not only do elevators make it easy to bring things up and down from your office space, but they also play a vital role in assisting disabled persons or people who have trouble commuting on foot. Elevators also make it easier to arrive to work on time.

▶ Outdoor Workspace

Especially in today’s work force, providing employees with outdoor workstations and workspace is proving to be a highly beneficial practice in the commercial real estate industry. Look for office spaces that provide access to outdoor facilities such as rooftop decks, terraces, plazas, patios, outdoor lounge areas, sit-in gardens, and similar areas that allow employees to congregate in the fresh air, whether for work or leisure. It is also strongly encouraged to choose a building that has outdoor Wi-Fi equipped technologies to allow employees to work outside efficiently.

▶ Glass Wall Partitions

Recent studies suggest that employees are more productive and happier all around in an open office setting. Open floor plans are a popular real estate amenity in both the residential and commercial real estate industry. Glass wall partitions are one of the strategies modern-day office designers use to promote a more open feel in the office, while still providing an individual workspace that allows peace and privacy. Glass wall partitions also allow more natural lighting into the office, which has several benefits in itself. Talk to a commercial general contractor these considerations for open floor plan office construction.

▶ Windows

Recent studies suggest that employees are more productive and happier all around when they have window views in the office. In fact, according to a study performed by the esteemed HR advisory and research firm, Future Workplace, the number one office perk that employees really want is access to natural light and outdoor views. Natural lighting can fight off work fatigue, prevent headaches, ease eyestrain, and induce higher level of happiness among staff. Commercial windows are prime office features most requested by employees.

Are you looking for a new commercial office space, or have found one that requires some renovation to meet your company’s needs? Contact BAF Corporation at 317-253-0531 for qualified commercial office remodeling in Indianapolis, Indiana. We serve clients all throughout the state. Request information or schedule a bid, today.

You Should Also Read:

The Benefits of Natural Light in an Office Setting
Factors to Consider Before Signing a Commercial Office Lease
How to Improve Efficiency Through Innovative Office Design