For commercial tenants, re-evaluating their office footprint raises tricky questions: How much space is necessary? What layout, services and amenities are important to staff? What's their ideal location? What's the budget? How can they encourage a return to office?
That's where workplace strategy comes in.
Workplace strategy helps decision-makers hone in on the "why" before jumping ahead to the "what" and "how." It's the first (and most crucial) step in extracting real estate savings.
Here's what to consider:
Start by conducting a thorough space audit to understand how the existing space is being used, the blend of work activities and the storage and tech requirements.
It's best to engage a workplace consultant to conduct a workplace occupancy study. This will help identify opportunities to optimise the space, reduce square meters, and create a work environment that aligns with one's work style.
It's important to anticipate the future needs of the organisation by considering:
Enlist the help of a workplace consultant who will conduct surveys or focus groups to help you understand work styles, job functions, collaboration requirements, technology needs, and desired amenities.
Get a clear understanding of the budget and limitations from the outset by considering:
Work with key stakeholders to identify the specific objectives that the workplace strategy should support, such as fostering collaboration, improving employee well-being, accommodating future growth, creating a flexible and agile work environment, showcasing the brand or encouraging a return to the office.
Getting across the terms of your existing lease (such as lease duration, renewal options, subleasing or assignment provisions, and restrictions on alterations) will either enable or hinder workplace strategy implementation. So, stay aware of hidden limitations from the get-go.
Whether you're looking to refurbish an existing space or fit something new, a tenant rep can help you determine the space you require - breaking down your needs, goals, budget, and company culture and aligning your space with your business strategy. A tenant rep also has access to valuable third-party resources and expertise that you might not have in-house and will connect you with fit-out professionals who can assist you with your workplace strategy and design.
At Tenant CS, we understand the costs that come with poor workspace design and that there is no one-size-fits-all approach. From site selection to move-in, we coordinate the leasing process to ensure timely and budget-friendly outcomes that are tailored to your unique needs.
Book a call with our team to find out how we can match you with your perfect space.
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We acknowledge the Traditional Custodians of the lands on which we work. Our offices are located on the land of the Gadigal peoples of the Eora Nation and the Wurundjeri peoples of the Kulin Nation. We acknowledge their continued connection and contribution to land, water and community, and pay our respects to Elders past and present.
We’re proud to be an inclusive workplace, where diversity in all its forms are valued and every member of our team is encouraged to bring their whole self to work.
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