Each month we will be following 2 companies, both sharing their highs and lows and everyday business challenges, as they describe any issues or problems connected to their office any and the choices and solutions they come up with or are presented with.
The companies will remain anonymous as we want an insight into their office situation and not create a branding or P.R. exercise for them. Both are SME’s, in totally different industries where one company has decided to lease their own offices and the second is in a Serviced Office.
This is the post from the Company in a Leased Office – they will be posting every month. We hope you enjoy the insight…………
As we draw towards the end of 2013 we are faced with a dilemma.
Business has been good this year, so good in fact that we have grown our workforce by 20% since this time last year and are continuing to grow.
Our dilemma though is that we are rapidly starting to grow out of our current office space.
I’ve mentioned before that we are in a leased office which is where our problem is really stemming from. We have 2 years left on our current lease but we cannot accommodate our team in the space.
We feel we have two options.
Option one we lease/hire additional office space and split the team. Option two we find new premises that can accommodate the full team and future growth and continue to pay off the remaining lease. Obviously both options are costly to the business.
After much discussion at the last management meeting we decided to pursue option one. We found that the only office space available in the current building is available to lease, this would mean starting another 5 year lease for something that is a temporary measure which is not a viable option.
So we cast our net wider and started to look at office space in close proximity to the current office ie same street. Our options are limited (very limited) with many of the offices only available on a leased basis.
However there are a few serviced offices available a little further away. After looking into what serviced offices were we found this option would give us much greater flexibility as contracts can be short and rental deposits are minimal. A serviced office also means we don’t have to invest in any telecoms or office furniture, it’s quick and easy and we can get staff straight in. We also wouldn’t have the worry of building maintenance or security which are both issues we have experienced in recent months in our leased office.
Our dilemma still remains as we are going to have to split the team which will have an effect on productivity and all round communication but we are going to have to take action as we are rapidly running out of space.
Once our lease is up we will be looking at a serviced office option that can accommodate the whole team. This problem has highlighted the need for flexibility which a leased office simply can’t provide.
Until next time…