The work from home debate may be ongoing, but for small business owners occupying coworking space with dreams of taking their companies to the next level, leasing traditional office space is typically the first step. And making that decision to transition to a more permanent, long-term location is not an effort that business owners should navigate alone. Reaching out to a commercial broker that can provide a market perspective, negotiate on your behalf, and help identify the perfect location, is one of the most important ways to start.
In addition to hiring an expert to support the process of leasing traditional office space, here are some other reasons to consider making the leap.
Professionalism and Image: Transitioning to a traditional office space provides companies with an enhanced professionalism and brand image. While coworking spaces offer flexibility, a dedicated office space communicates stability and permanence to clients, partners, and employees. It establishes a sense of credibility that can be crucial for small businesses looking to build lasting relationships and looking to build new ones.
Customization and Branding: Traditional office spaces provide more opportunities for customization and branding. Furniture, art and signage selections within the workspace not only reinforce the company’s brand identity, it can also foster a sense of belonging and pride among employees. This level of personalization is often limited in coworking spaces, where shared environments may not align with a specific brand’s aesthetic.
Privacy and Confidentiality: As a business grows, the need to keep proprietary information confidential becomes more pronounced. Traditional office spaces offer dedicated meeting rooms and private offices, providing a secure environment for sensitive discussions and client meetings. This level of confidentiality is often challenging to maintain in coworking spaces where shared spaces may lack the required privacy.
Long-Term Cost Efficiency: While coworking spaces offer flexibility, the costs can add up over time. Transitioning to a traditional office space may lead to long-term cost savings. Commercial brokers are experts at helping business owners find spaces that are cost-effective and align with their plans for future growth. Obtaining competitive pricing, negotiating favorable lease terms, and identifying hidden costs are just of a few of the ways commercial brokers can play an important role in the process.
Community Control: Small business owners transitioning to traditional offices gain more control over their community and work culture. In a dedicated office space, they have the autonomy to shape the environment, foster collaboration, and build a sense of community among employees. This level of control is often limited in coworking spaces, where the community is diverse and shared among various businesses.
Transitioning from a coworking space to a traditional office is a significant step for business owners of all types. It is more than just changing the physical location of the company, it involves making strategic decisions that will impact the business’s image, culture, and long-term sustainability. Hiring a commercial broker for advice and guidance during the process is an important first step as they provide expertise in navigating the complex real estate market and in ensuring that the chosen space aligns with the business’s goals. As small business owners embark on this journey, they are not just moving to a new office but are shaping the future and success of their companies.