WORKPLACE SPACE
A s businesses attempt to keep up with the changing world, so too must their o ce spaces. Whether a burgeoning startup or an established multinational corporation, deciding whether to renovate your current o ce or relocate to a new one entirely is a pivotal choice that can signi cantly impact your operations, nances, and corporate culture. is complex decision-making process is where Allure’s expertise can be of assistance, o ering personalised advisory services to help brands make the best strategic choice. KEY CONSIDERATIONS Justin Russier, Principal of Client Advisory at Allure, emphasises that business leaders and brands need to consider various factors when deciding to stay or move: • Space e ciency and utilisation – evaluate how well the current o ce space meets your organisation’s existing and future needs. Are you maximising the use of your space? Is there room for growth?
• Alignment with global/regional
workplace strategy – our o ce space should support your overarching business goals and align with corporate guidelines. is involves considering how the space ts into your long-term strategic plans. • Impact on human capital – an o ce environment profoundly a ects employee satisfaction and productivity. It is crucial to determine how a renovation or relocation will impact your team’s morale and e ectiveness. • Local market conditions – examine the trends and dynamics of the real estate market in your area. Understanding these conditions will help you make an informed decision about the feasibility and timing of a move. • Scalability and exibility – can your current or prospective space adapt to changes and growth? Long-term suitability depends on the ability to scale and remain exible. • Financial forecast – a thorough cost comparison between renovating the current o ce and relocating to a new one is essential. Consider both immediate expenses and long-term nancial implications, such as rent, renovation costs, and potential savings. SPACE AND PLACE Justin says that when determining space requirements and strategic location, it’s essential to take a thorough look at: PEOPLE Dive deep into the local norms; culture is essential, while workplace analytics and space utilisation studies help understand current usage and future needs. Engaging stakeholders early on and gathering employee feedback is key to ensure the space aligns with users’ ways of working and enhances the overall environment. BRAND e location and design should reect the company’s vision, values, and identity, promoting a cohesive image to employees and clients. A strategic location can enhance visibility and reputation, reinforcing the brand’s market position.
You know you need to change your office space, but you’re not sure whether to makeover the space you already have or move – EMMA ASCOTT explores how to navigate these decisions Makeover or move?
AURA
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