How Much Office Space Do I Need?

Commercial property and office space is one of the biggest costs for a business, so when it comes to leasing, over or under-estimating the amount of space needed can end up becoming an expensive exercise.

UK standards suggest an average of 11 cubic metres, or 5 square meters, as the minimum space required per person in an office, but this is just a guide. To accurately assess the amount of space a business needs to thrive, many variables need to be considered:

• Amount and size of furniture or equipment
• Ceiling height
• Staff size and number of remote workers
• Meeting room and break out space requirements
• Estimated company growth
• The layout of the space
  

  Renting Too Much Space

  Leasing too much space puts you at risk of paying for areas which could possibly sit empty. Office wastage refers to costs being paid unnecessarily on rent, business rates, service charges, utilities and more. Having lots of unused desks can also have an impact on employee motivation and their perception of the business. If you have clients in the office, too much empty space doesn’t necessarily create the right impression of a successful business!

  Renting Too Little Space

  Renting too little space can limit business growth and hinder staff expansion. Fitting out new space to accommodate new people or relocating prior to lease expiration can be costly.

  So, what can you do to determine how much office space you need?

  Asses Your Business Now and in the Future

  The following questions will assist you in estimating how much space you need currently, as well as how much you will need according to the anticipated growth of your business.

  1. How many people do I employ?
  2. How many workstations does each person need?
  3. Which areas are shared, and which are private?
  4. Will I be hiring any more employees in the next two years?
  5. How long a lease am I committing to?
  6. How much is the business projected to grow in two years?
  7. Do teams work remotely and only require limited access to a shared workstation, or are teams required to be in the office at a dedicated workstation every day?
  8. What is our requirement for ancillary space – meeting rooms, telephone booths, collaboration space break-out areas etc?

  Additionally, cost of space comes into the equation too. In markets where occupational costs are higher, the expectation is that there would be more pressure on reducing floor area allocation per headcount. In markets where occupation costs are likely to be lower, the expectation is that the allocation of floor area per headcount is likely to be more generous.

  Three Factors That Influence How Much Office Space You Need

  1. Type of work: The way you spend your workday plays a significant role in the amount of space required. Those who spend most of the day out on assignments or at meetings will be content in smaller areas, while those who require space for research, meetings or equipment for long periods spent at a workstation need larger areas.
  2. Employee happiness: Personal space is vital to employee wellbeing, and research points to the fact that workers are happier, more engaged and more alert in environments where they can sit, stand and walk around. Additionally, space can have an effect on the psychology of workers and can play an important role in general happiness.
  3. Company culture: The size of individual office space is often associated with hierarchy, but company culture has changed and these days, it’s not uncommon for everyone to sit in a shared space. The amount of office space needed will differ depending on your company culture and management structure.

  Why Are More Businesses Choosing Flexible Office Space? 

  Flexible offices, like coworking, managed or serviced offices, give you complete control over location, size and rental terms. Short-term leases available on a month-to-month basis give your business the ability to expand, reduce or move as needed, with everything you need to run a business included in a single monthly bill.