How much does an office fitout cost?
While there is no conclusive answer as to the costs of an office fit out, there are many factors that make up a new office space:
- Size of office
- Location of office
- Number of staff to be accommodated
As all businesses have different and unique ways of working and growth patterns, the following questions can give you the understanding of the potential outlay of relocating and fitting out an office space.
Making Structural Changes?
- Will the changes to your office be cosmetic – painting, carpet, lighting?
- Demolishing or moving walls?
- Exposed ceilings?
Structural changes to your fitout will increase the costs of your fitout as opposed to cosmetic changes to your space, due to the work being greater in complexity.
If you are taking over a new space that has elements of an existing fitout (E.g. Existing workstations) this will be more cost effective to move into the space as it is. However, businesses often overlook the longer-term cost of changing the way they work to suit the previous tenant’s fitout. It may suit your budget when you are moving, but it’s very important to analyse the damage it may cause to the fabric and makeup of your teams. If taking over an existing fitout it is good to take the time to consider your workspace and how it aligns with the way your teamwork. What departmental adjacencies can be made to streamline your work and make the work environment more productive?
What is your project timeline?
The timeline to complete the works will determine the cost of your final budget. The shorter the timeline, the more weekend and out of hours work that will need to carried out to ensure you move into your new space on time, resulting in increased costs.
Structural works mentioned above will also require building permits so it is necessary to allow extra time for these be applied for and approved of.
Landlords and building manager also stipulate that some works be completed outside business hours to eliminate disruption for other tenants. (E.g. Noisy works)
How much office space do you need?
It is important to provide employees with an environment that will support their work needs and create a workspace with the right mix of spaces, balancing communal workspaces that correspond to the type of work tasks they perform.
Determining a how much space your company needs should involve more than just how many employees you are currently accommodating. Your new workplace today must support its future hires and staff growth into the future.
If you have 50 staff you will need at least 500 sqm of office space to accommodate them under the building code. See more here: http://aspectinteriors.com.au/how-much-office-space-does-your-company-need/
Is your Tech up to date?
Is your technology up to date? Having the right technology is critical to maximising the returns from the physical space. It allows employees to work effectively and productively and is critical in the age of the mobile worker.
There are many places people can work from now; home, cafés, co-working spaces, meetings, public transport and while travelling, therefore having the right technology in place allows them to be productive wherever they are.
Get a thorough understanding of your fit-out costs today: Speak Now!