5 Ways to Reduce your Office Space Costs
Reducing Cost of Office Space
The cost of running an office can really eat into your company's bottom line. From office rent to utilities and IT maintenance, you have ongoing costs of keeping your business running efficiently and it can be a challenge keeping those costs under tight scrutiny.
Here are 5 ways to help you reduce the cost of running an office:
1. Re-negotiate your Office Lease
Have a word with a local property consultant to see whether office vacancy levels are on the rise/decline in your area. Getting a regular update on the office rental market is always worth doing and may reveal whether it is or isn't a good time to re-negotiate your office lease with your Landlord. If your timing (and approach) is right you may be able to negotiate some concessions like a lower rent, or taking on more space from the landlord at the current rent.
2. Switch Suppliers
Reviewing your office suppliers is a great way to save some easy cash, as many companies are willing to give you introductory discounts or price guarantees to get a foot in the door of your business. Utility bills is a big potential area for saving money. Surprisingly (in fact alarmingly!) many companies are on the wrong tariff for their utility usage and are being overcharged on their utility bills. Take action and find out how you can make sure you're not paying a penny more than you need to.
Voice over IP services are now on the rise, allowing you to make phone calls via the internet and cutting your telecom company off altogether for a far cheaper alternative. Don't write this off as a passing fad. Take some time to see whether it is or isn't the right solution for your business.
4. Maximise your Office Space
With office rent at a premium, you'll want to be sure you're maximising every inch of square feet you have available. Ask an Office Fit-out Company to carry out a Workplace Appraisal. It reviews your working practices, how you communicate and work together and ensures that your office space plan and configuration is the best solution to maximise your space.
5. Go Eco Friendly
Being more eco-friendly will also help to reduce the cost of running your office. Encourage your staff to be more aware of switching their computers off fully at the end of each day, turning off lights or better still, switching to motion sensor lighting.
Get started with this 5 ways to reduce your office operating costs, and you'll be surprised how much you can save! For more information refer to the Tenants Guide to Office Design.
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