Top Factors To Consider When Renting An Office Space

The modern work setup greatly contributes to maintaining productivity and a thriving culture for most businesses. Effective office space management enables workplaces to adapt to changing needs and evolving workstyles. This is why considering renting the ideal office space can sometimes be a long process due to numerous considerations in accommodating specific goals.

As the modern work setup takes place in the bustling prime locations here in the Philippines, the variety of options for office properties is endless. Some companies choose to start with the hybrid setup, rent a coworking space, or sometimes solely work remotely. However, it is still proven that renting an office space is effective for most businesses since it shows the organic and upfront address of companies.

Every Business Needs A Commercial or Private Office Space

According to Gensler’s 2023 global workplace survey, most workers are keen to spend more time at the office to boost personal and team productivity. Also, despite the popularity of coworking and hybrid setups, going to an actual office space location is still needed.

The quality of comfort and workplace experiences are also considered the key drivers of adaptability in any business industry. A well-designed office space contributes to employee satisfaction and morale. It fosters a sense of belonging and community among team members, leading to higher job satisfaction.

When renting commercial space, there are several important factors to consider to ensure that the space meets your business needs and supports your operations effectively.

1. Ideal Location
   The location of your commercial space is crucial for the success of your business. Consider factors such as accessibility, visibility, proximity to your target market, competition, and local amenities.The prime locations that you can consider in Metro Manila are BGC, Makati, Ortigas, and the Bay Area. All of the mentioned areas are accessible to the main roads, recreational centers, airports, and other closeby business districts.
2. Interior and Exterior Design
   Younger generations are already entering workplaces and seeking an environment where they can continuously grow. Consider the trend of minimalism and flexibility when it comes to choosing a space that all your employees will be comfortable with.Private office spaces often provide a higher level of control over the working environment. They allow customization in terms of design, layout, and overall aesthetic, making it possible to create a workspace that reflects the company’s brand and values.
   
3. Lease Coverage
   Property leases are the most important but tedious process when starting to look for office locations. Hiring a property manager for office leasing can offer numerous benefits and ensure the smooth operation of your commercial real estate investment.Property managers act as the primary point of contact for tenants. They handle inquiries, address concerns, and ensure tenant satisfaction. This proactive approach can help in tenant retention and maintaining a positive relationship, ultimately reducing vacancies.
4. Parking Accessibility
   Most employees either commute or drive when going to offices. An ideal space to rent is where there are multiple parking spots designated for employees and guests. Parking spaces on your rented premises are ideal, but free or cheap street parking or at council-owned car parks nearby is convenient.
5. Amenities and Utilities
   Amenities such as fitness centers, ergonomic furniture, and natural lighting can support employee health and wellness. A healthy work environment can lead to reduced absenteeism, lower healthcare costs, and improved overall employee performance.

Also, confirm that the commercial office space can access essential utilities such as electricity, water, ventilation, and air conditioning. If the property also offers real-time monitoring and repairs for the utilities, this can be an indicator that the location is ideal.

Making a well-informed decision when selecting an office space is essential for business success. Choosing the right location, architectural design, analyzing lease costs, and considering the amenities offered with the property are all aspects to consider when finding space to fit your organization’s needs.

If you are planning to rent a commercial or private office space for your business, partner with the area’s leading property and tenant management experts. Weaver Group prides itself on comprehensive property management services tailored to meet the unique needs of each property included in our portfolio.

Start your real estate success journey at Weaver Group, contact us today to learn more!