Companies to make cost-savings on their Office Space
A new survey emphasises the negative impact global economic uncertainty is having on office occupiers. Find out how to make the best cost-savings on your office space.
A recent survey by Property Consultant, Cushman & Wakefield has found that companies are scrutinising their real estate strategies to search for ways to use the office space they occupy more efficiently and to make cost savings.
The Insight 500 Survey anaylsed the views of senior decision-makers in companies throughout the UK and found that 28 per cent said they were looking to cut costs this year with 38% intending to reduce their property space or to use it more efficiently (36%), while nearly four in ten (39%) planned to sub-let their space in 2012.
If you are planning to move offices, you need to think about the best ways to maximise on your companies biggest asset - your office space. Here are 3 practical cost-saving solutions:
- Don't bite off more than you can chew!
Work out how much office space you really need using the FREE Office Space Calculator. Ask advice from a Property Agent to help you find the balance between finding an office that is adequate for your needs now, but also has room for business growth.
- Think Flexible
.Flexibility and future-proofting are key. Ask your Office Fit-Out Company how to incorporate flexible office furniture and fit-out solutions that can be easily reconfigured as and when your business changes, grows or consolidates.
- Plan an Escape Route!
Make sure you negotiate the inclusion of a break clause within your office lease that will allow you the flexibility to end the lease before expiry in the event of change in circumstances. Similarly, don't over commit yourself with lease length. Less is more and shorter office leases will allow you to regularly review your options.
