When you’re building a business, the where is often just as important as the what. You want to make sure that you have the workspace and property that best suit the needs of the business, the team, and the work that they’re actually trying to do, but what do you prioritize to ensure that that’s the case? Here, we’re going to look at a few factors you should keep in mind when you’re scanning the market for a new place to set up.

The Right Size For Growth And Efficiency

You need to make sure that the space you choose has all of the room you need for your current needs, allowing your team to work efficiently and productively as possible. However, you must also consider your potential growth and how your workplace might fit into any long-term plans, as well. The right-sized office or facility should accommodate the team and their equipment comfortably, allowing for storage and workflow control. Leave room for future expansion, but avoid buying so much space that it drains your finances with extra rent and utility costs.

Location Builds Brand And Talent Access

Where you put your company in terms of its actual location matters, as well. For instance, if it’s centrally located, you’re a lot more likely to get some visibility for the brand. This can make it easier for clients to find and make a more reasonable commute for your team. Your location needs may depend on the nature of the business, as client-facing businesses in retail and hospitality might benefit from heavily foot-trafficked areas, while manufacturing companies relying on suppliers may want to stick close to business or transportation hubs.

Consider The Needs Of Your Industry

Different companies require different workplace features based on the industry that they’re in and the work that it entails. For instance, an office space for life science business might need to accommodate their need for organized lab spaces, ventilation systems, and the regulatory standards they have to accommodate. Meanwhile, food production companies might need to invest more in production line space and temperature-controlled environments. Creative agencies need open collaboration areas, while tech firms need to consider factors like server space. You need to choose a workspace that aligns with the operational and regulatory demands of your industry, or at least one that can be altered to accommodate them.

Accessibility Makes It A Good Fit For Your Team

You should always consider accessibility when choosing the right place for your workspace, as well. This includes proximity to public transportation links, as well as access to parking for your team. Again, these needs can change, as companies managing deliveries or logistics may also need to allow extra room for loading docks, freight access, and the like. Choosing a business that’s accessible means considering the flow of traffic and people in and out throughout the working day, and ensuring your space accommodates all those needs as best as it can.