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The Real ROI of Renting Office Space

Tanshire Business Park • Jan 19, 2024

When running a business, spending decisions should be carefully thought out. Not only to stay within budget but to also consider what your return on investment will be. Renting an office space is a large financial outlay so it is understandably a daunting decision for any business. This article is going to weigh up whether leasing traditional office space really is worth the investment.

Why is office space worth the investment?

There are several benefits to renting an office space, that go far beyond the financial considerations. These are:

Enhanced productivity

Renting office space can significantly boost productivity levels. Having a dedicated workspace means that you and your employees can establish a routine and maintain focus without home life distractions. Thus, creating a structured atmosphere. Having a well-optimised office layout can also cultivate an efficient and productive work environment. Being in an office surrounded by your team members allows for ample resources to increase collaboration and communication. Having a physical presence in the office for in-person meetings opens doors to continual shared ideas. This in-person engagement can create a different level of collaboration to spark game-changing ideas.

Employee morale and wellbeing

Being surrounded by your colleagues can be a great source of inspiration and motivation. You can establish beneficial relationships and alliances that could result in teamwork, recommendations and knowledge exchange which could help expand and prosper the business. These interactions can help you learn more about your industry and best practices to benefit the company with a positive work environment.

Positive employee wellbeing can directly correlate to increased productivity. Humans feed and thrive off connections with others, and research demonstrates that if we don’t have adequate time face-to-face, we experience declines in wellbeing and lack of motivation. Connecting via technology is nothing compared to in-person communication. Being present together in the office can reduce tech fatigue and is critical to physical and emotional health. It is a key aspect of feeling a genuine part of the team and creates a sense of belonging within the company, leading to less employee turnover, higher employee satisfaction and a greater company culture.

Take a look at our blog on improving employee wellbeing to dive deeper into creating a strong company culture.

Enhanced business image

Your professional office space can be used as an asset for positive first impressions, attracting and retaining clients’ trust. Renting a dedicated office in a reputable business district can significantly boost the company’s credibility and reputation. Establishing a physical presence in the market can also separate you apart from competitors who are based solely online or from a home office. Brand consistency is crucial in creating that sense of recognition, trust and legitimacy for clients as well as employees.

Designing a space that reflects the company’s core values will consistently support employee engagement which will then reflect in their work. Having such a working space can create a conducive environment for achieving your goals, client goals and for in-person client meetings in a professional place.

Location advantage

As previously mentioned, being in a prestigious location can boost brand reputation and create a network of opportunities to reach a wider range of local clients and partners.

Here at Tanshire Business Park, we are located in an attractive rural setting in Surrey with easy road access to the A3, M25, M3 and M4.. Being located only ten minutes from Guildford, Godalming and Farnham gives great access to amenities such as restaurants, shopping, and leisure facilities as well as mainline rail services to London Waterloo. It is also less than an hour commute to London, so beneficial for any clients based in London. This location helps you to avoid any main traffic surrounding the business, benefitting clients and employees.

Cost savings

With all the reasons mentioned above, a more productive workforce in an advantageous location can actually save your business money!

It is also more cost-effective than purchasing property and investing in renovations. Renting an office space will help alleviate financial responsibility when it comes to paying for routine maintenance. Most rental bills include utilities and maintenance, such as here at Tanshire Business Park, where we include services such as security, dedicated fibre line, network connections as well as kitchen facilities.

Renting allows for greater strategic and financial flexibility for the business, meaning you can focus more on time, energy, operational costs, and resources to help the business grow and become successful rather than unexpected payments. You also have the freedom to find new locations that might suit your business needs in the future.

Discover High Quality Office Space to Rent

It is clear that renting office space is worth the investment and can be a game-changer for your company. You can embrace increased productivity, networking opportunities, flexibility, create a professional image not forgetting to mention the cost-effectiveness. Don’t forget- the right workspace is crucial for your company’s success and return of investment!

Here at Tanshire Business Park we provide a range of grade A office space to rent. You have the advantage of great accessibility links whilst being surrounded by beautiful countryside views along with on-site pavilion Café with extensive seating and a communal lawn.

Did you know?

We also offer a bespoke fit out service! You can elevate your workspace for functionality, aesthetics and comfort whilst eliminating stress and complexity that can come with outside contracting. Our in-house team of skilled professionals will dedicate time to transforming your office space to fit your business vision.

Interested? Take a look at our current availability here.

OFFICES AVAILABLE TO RENT

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