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6 Important Points to Consider when Choosing your Office Location

 

Before selecting your new business premises, here are 6 important points for you to consider:

Style of Premises:

Is this just a base from you to work from or are you going to have clients visiting? If it’s the latter, does it matter what sort of impression you give? If it’s a workshop, eg. a car repair centre,  then clients will probably expect a workshop environment, however if it’s an office, what sort of impression would you like to present to your clients?

Location, location, location:

Years old and we’ve all heard it, although this little gem still rings true. For a retail business, then footfall will probably be of paramount importance but for offices this is generally less so, however many still flock to prime or city centre locations where rents are normally far higher and commuting and parking can be difficult, not to mention expensive! Do you really need to be based in the city centre, or perhaps somewhere that is just easy to find, has good public transport links and parking is easy and free?

Competition:

Are your competitors nearby? There are two schools of thought and it is down to each individual to consider this carefully. If your competitors are on your doorstep, can you attract some of their clients to your establishment? After all, this is why you tend to find many retail outlets side by side with their competitors. Yes, you may get extra footfall but it can turn out to be a double-edged sword as they can pick up your clients too.

Lease Terms:

A major consideration particularly for start-up or small business is the term of the lease. Many landlords require a minimum commitment of 12-months, sometimes with up-front deposits. If you are lucky enough to find one, some centres (like ours) will provide easy-in, easy-out terms, which means you don’t need to commit to a 12-months contract and only one months’ notice is required to vacate.

Internet Access:

In this day and age, most businesses require some form of internet access, even if it’s just for checking emails. However many companies now run VoIP telephone systems that require high speed, good quality and most importantly reliable internet. When shopping for your next premises, it is now vital to check what internet access, if any, the landlord provides and if there are any extra costs involved. Hidden extras can add up very quickly, meaning that office that appeared ‘cheap’ at first glance isn’t quite the bargain you thought it was!

Utilities and other costs:

It’s not just about monthly rent, as we mentioned in the point above, but there are still other costs involved too. Some landlords require additional payment for heating, lighting, janitorial services etc. They may be itemised or added in to a monthly ‘management’ charge. Also consider business rates charges; does the office qualify for a business rates exemption?

Prospect Business Park provides high quality workshops and offices to rent, just a few miles outside of both Durham and Newcastle with excellent links to the major routes. Other benefits include:

  • Over 200 free car parking spaces
  • 24/7 access for tenants
  • Fast, free broadband for tenants
  • Easy-in, easy-out lease terms
  • Fantastic on-site security
  • On-site manager to handle any queries
  • Offices start from only £140 per month!

For more information, or to arrange a viewing, please do not hesitate to contact us.

Office vs Working from Home

For quite some time, the ability to be able to ‘work from home’ was considered quite a perk. With the evolution of telecommunications & online meeting software, staff could work from almost anywhere in the world provided they had a phone signal and access to the internet.

In addition to that, the fact that employees no longer had the daily commute, with the stress and expense that it entailed, companies saw a decrease in staff turnover and an increase in employee job satisfaction.

However, working from home does not suit all people and indeed can be counter-productive.

When working from home boundaries can become blurred, with working hours beginning to bleed over in to non-working hours. There is often the sense that you can never ‘escape’ the work environment – do you really want to spend 24/7 in your virtual office?

And of course, there are other distractions at home, with children and pets being the most common interruptions, often at the most inconvenient of times. Imagine trying to concentrate on that crucial call with your most valued client just as the dog begins to bark at the postman! It can also been perceived by employee’s partners’ that too much time can be spent working and not enough ‘quality’ family time – many of us are guilty of working on the laptop in the evening when we should be spending time with families.

However, it is possible to strike a balance.

The ability to work from home when we require is most definitely still a perk, however, it is also extremely beneficial to have the option of an office, where we can dedicate our time to work. This can be particularly true for the self-employed, where spending time without distraction, speaking to potential new clients without interruption and growing a business is a vital necessity. Of course, this luxury comes with a cost and renting office space can become an expensive affair.

That’s where we feel Prospect Business Park can help both start-ups and established businesses so that you can enjoy the best of both worlds.

We have a range of office sizes, from those suitable for just one or two people, up to rooms and suites capable of housing call centres.

All our offices are supplied with easy-in-out terms and are equipped with access to our broadband and can be supplied furnished – ideal for just moving in and starting work. In some cases, people have moved in the same day as viewing! We also have plenty of parking on site (for over 200 cars) and the site is secure, with an on-site manager during the day and monitored, closed circuit cameras in conjunction with a security gate. Access for office tenants is 24/7.

Please feel free to contact us if you would like more information or to arrange a viewing.

Hello from Prospect Business Park

Welcome to Prospect Business Park!

As a company, we pride ourselves on providing high quality premises and services to our clients. As such, we are delighted to announce two new services for our residents.

Firstly, super fast broadband has now been installed in Prospect House. If you require broadband in your office, please contact the site manager who will be happy to assist you.

Secondly, we have the launch of the new and updated website, with extra functionality and our new Prospect Business Park Directory. As a resident, you will be entitled to a listing, which will not only help to introduce your services to tother residents, but also visitors to the website.

Please be sure to visit the Directory page and enter your listing.