Leasing a new Office Space Location – What You Need To Consider

Article Written By: AvantaUK

When it comes to leasing a new office space location for your business, there are a number of factors you need to take into consideration – from local amenities to transport, from staff needs to your client base.

First and foremost, you may want to consider whether you re an out-of-town or city type occupier as the drivers for each requirement can be very different. If you re looking for an out of town location, an important thing to note is more modern business park developments are having increasing restrictions on parking ratios, and this really throws up the importance of the need for public transport.

This is an especially important factor depending how many staff you may have; as there is a chance that not everyone may be able to drive in to work and park. Good public transport links are vital and you will notice that in many locations now, developers are addressing this in ways they didn t have to in years gone by. For example, organising shuttle buses to local bus/train stations, so it s worth checking what services the business park you re interested in offers.

If you re looking at city type locations (especially central London), the car is becoming less important all the time. If you consider some of the very large transport proposals in London, Crossrail and the new high speed link to Birmingham to name a few, it will likely create some very interesting trends in terms of people looking at locations in ways that they didn t in the past. Probably one of the most important factors for leasing office space location in the city, let s use London as an example in this case, is accessibility to the tube. Ideally you would want to be within a 400 metre radius of a decent tube station.

Depending on the size of your company, HR can become a prominent part of your decision making process – how far do staff have to commute to work? What are their commuting patterns? Having an office which is hard to reach can cause time wastage. In addition to this, the direct knock on effect of being near a good tube station is that you inevitably have access to all the other things you need – gyms, restaurants, shopping amenities etc – and the value of being near these types of amenities should never be underestimated.

Another important factor to consider when choosing a location for leasing office space is whether or not you need to be near certain other companies. For instance, proximity to clients and customers is extremely important if you re meeting with them on a regular basis. You can also get areas where certain industry sectors congregate together.

Whether it s the legal sector, which is traditionally based in Temple, or media/advertising companies in the West End, you may deem it necessary for your business to be located close to other companies within your industry – not doing so may result in a competitive disadvantage.

Although the list for determining good office space lets is endless, we ve highlighted a few important ones here to consider when leasing a new space.

About the Author

Anna Norman Butler - APM Property Consultants provides office leasing.

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