For startups, one of the most difficult things to fathom is office math. What is the ideal floor space for a startup business? How many square feet per employee do you need? These decisions are crucial and are relatively permanent once they are made. Well, most of the answers to these questions depend on several factors.
Determinants of ideal office space for your business
- The type of business you are running
- The type of growth the business is expecting, especially in terms of headcount
- The length of your lease. Lease length determines the number of employees you can recruit
- Your preferred office environment – whether open or private
- The number of remote employees and remote jobs
Making sense of the ideal office space for your business
Standard office spaces for rent vary from country to country. Certain specifications are also specific to organizations and large businesses. On average, most offices have 12 to 16 square metre of space per person. This is the ideal size that ensures comfort for everyone working in that office. However, you can tweak the dimensions depending on your preferences and the considerations mentioned above.
How to reduce office space requirements
When you are starting in business, you may not need a large office space because of the limitations of capital and/or fewer employees. However, there are some ways to reduce the cost of office rental in Singapore. Some of them are as follows:
1. Outsource your work
Outsourcing your work means you are letting someone else do it on your behalf. If you don’t have the infrastructure to get some work done appropriately, you can outsource the work to a more experienced professional with the right skills to handle it for you. This way, you get to complete your task without losing potential clients and any significant profits.
2. Let your employees work remotely
Working remotely is ideal for businesses that have no sufficient physical infrastructure to accommodate their employees. In this case, you can decide to go paperless and convert most of your business tasks to jobs that can be done remotely. This way, you can create a business and run it successfully without an office space.
Cost determinations for your business ventures
Ideally, your real estate agent should be able to help you in calculating the costs per square metre of the office space. Here, you will be able to tell the cost-effectiveness of your ventures and how to assign your important needs to every space.
When purchasing an office space, you have to factor in the expected growth of your business. And since you are signing a lease on the property, you will be stuck with the office for the duration agreed in the lease. Therefore, it is always advised to add about 20 percent of floor space to the calculated office space required to accommodate future business growth.
You can enjoy ample office space that will suit your current business and its potential growth. Our offices are designed to enhance your productivity and mental health. With a lush green space that is both comfortable and tranquil, you will gain much more satisfaction in doing the things you do.