One aspect of the commercial real estate business is in making improvements to office areas, and expanding the workspace for a given business. This will generally involve a specified square footage requirement, along with a required number of offices which need to be included in the workspace.
Here are a few things you need to remember when you’re going through a commercial real estate upgrade to your office area.
There are a number of factors which influence the space requirements you might need for your office area, including the style of your workplace. For instance, you may desire an open space plan where there are no offices whatsoever. In this type of configuration, everyone would be sitting in the same big area, in clusters of cubicles, or perhaps at desks.
At the other end of the spectrum, you may want the traditional hard wall layout, which includes some number of conference rooms, private offices, break areas, kitchens, and file rooms. This is still a very common setup for businesses where privacy is required for day-to-day operations, for example with financial institutions and legal firms. Before providing dimensions and statistics to your contractor, decide on the layout which best suits your business, the open space layout, the closed space layout, or some combination of the two.
Footage for office employees
As a guideline which you can present to your commercial real estate contractor, it is typical for a president’s office to take up to 400 ft.², with a vice president’s office commanding half that amount of room, and managers being setup with 150 ft.². Accountants also need approximately 150 ft.², with secretaries requiring about 125 ft.², and ordinary employees can be effective in 100 ft.² of space.
Does your business have enough office space?
If not, you may want to consider an office expansion. The funding needed to carry out an office expansion can be considerable, and if you lack all the needed funding, we may be able to help. Contact us at Norris Commercial Capital, so we can discuss some funding opportunities for your enhanced office area.