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Renting an Office Space? Everything You Need to Know to Find the Ideal Place for Your Business!

  • The choice of your workplace is not merely an operational decision; it is strategic and fundamental to the growth and success of your company
Barzel Properties, specializing in real estate management and development, provides customized solutions for tenant transitions to its assets; Bruno Turaça is the portfolio director of the company
Barzel Properties, specializing in real estate management and development, provides customized solutions for tenant transitions to its assets; Bruno Turaça is the portfolio director of the company
By: SiiLA News
02/13/2024

Whether you're a rising startup or an established company, the decision to rent an office should consider various factors. In this article, we will explore 5 essential items to consider when choosing the perfect location for your business:

1. Office Size and Team Needs: Understanding your team's requirements is the first step. The space should be proportional to the number of employees present daily. Consider not only individual workstations but also common areas such as meeting rooms and collaboration spaces. A spacious and comfortable environment significantly contributes to productivity and employee well-being. As a reference, you can follow the Brazilian Association of Technical Standards (ABNT) recommendation of one employee per 7 square meters.

Consider your current staff and hiring plans for the next two years, as well as the work regime (100% in-person or hybrid). Having clarity on this helps plan whether there will be fixed or flexible positions. The need for flexibility may favor renting space in a coworking instead of a traditional commercial floor. Therefore, it is crucial to have these definitions beforehand.

2. Additional Spaces Beyond Workstations: Consider the layout and the number of meeting rooms your business needs. Define the quantity and capacity of each room. To provide quiet spaces for private calls, you can invest in phone booths—charming acoustic cabins that add functionality and a trendy atmosphere to the environment.

Rooms that foster creativity for brainstorming and planning meetings can be essential depending on your industry. If possible, plan a comfortable area for coffee breaks, which can be used during lunchtime. Invest in a well-equipped kitchenette and the appropriate number of bathrooms to meet your team's needs. These details make a significant difference in employee well-being.

3. Ready-to-Use Office or Renovation? Many commercial property managers are turning to turnkey solutions, taking care of necessary adaptations, and delivering a ready-to-use office space, relieving tenants of operational concerns that renovations demand. If you have specific branding and customization demands, you can still hire an architecture firm to get the project of your dreams.

Did you know that even coworking spaces, when leasing private areas, can offer customization with your brand? To make an informed decision, consider the time you can allocate for potential renovations and when you actually want your operation in the location. In a hurry? In this case, it is recommended to look for a furnished and ready-to-use space.

4. Strategic Location: Accessibility is crucial, especially if you are establishing your commercial address in a major city. Evaluate the public transportation infrastructure and surrounding roads, as well as the presence of services and shops nearby that could facilitate the daily life of employees, such as banks, gyms, and restaurants.

If you have many in-person meetings, consider a location close to clients, partners, and suppliers, which could lead to significant long-term savings on travel and related costs.

5. Building Differentiators: The amenities offered by the building's condominium can significantly influence the leasing decision. Do you frequently use auditoriums for training or events? It might be important to choose a property that already has one. Other differentiators, such as ample parking, 24-hour security, a generator for common and/or private areas, a helipad, are aspects that add value to the chosen location.

Remember, the choice of your workplace is not merely an operational decision; it is strategic and fundamental to the growth and success of your company. Reflect on these aspects we've listed and start your search! Don't know where to begin? Utilize the full potential and resources of SiiLA SPOT to find the ideal space for your business! Define the property type (office, coworking, or industrial property), and just enter a region to start!

The tool is free for searching commercial properties for rent or sale, and so is the registration! Users can have free accounts, bookmark properties, and be notified when a property matching their previous searches becomes available! There is also a plethora of filters that can be applied so that the tool delivers options aligned with your needs, such as area, number of parking spaces, air conditioning, sustainability certifications, among others. Try it now!

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Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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