The birth of every company is eventually followed by an expansion to accommodate its success and growth. Every single evolution that a company goes through is often preceded by a general evaluation of what’s best for the business. It customarily boils down to deciding between buying property or looking for a commercial space for lease. 

If you find that the most profitable approach for your expansion is leasing an office space, then here are a few points for consideration when in the market for commercial real estate.

Location

One of the most fundamental attributes to consider, and rightly so, is location. The influence location can have on a property’s relevance and success can spell the difference between putting your business on the map or letting it fade into obscurity. 

Ultimately, one can assess whether the commercial space for lease is accessible to its market and, more importantly, to its employees. Leasing a beautiful office on the outskirts of the metro might do more harm than just putting your business out of sight. The location could ultimately hinder the internal operations of your company. With the daunting ordeal of wading through traffic, an inaccessible office could unintentionally exhaust your employees to inefficiency or even drive them to resignation.

There’s also the aspect of security that one should consider. Being located in a high-traffic business district surrounded by buildings manned with security and surveillance offers a fair amount of protection. That comfort can be inviting to both employees and prospective clients alike. Leasing a commercial space in an underdeveloped neighborhood can also pose a liability for your company; one that can only be avoided by having to invest in further utilities for security.

When buying property, location influences the long-term profitability of the investment. However, when leasing property, one will have to mindfully treat the expense as an investment by evaluating what other opportunities are made available to the company. Is being located in a certain area relevant to your brand’s overall aesthetic and vision? When leasing property, the ideal location can undeniably aid and lift your brand, making it a worthy investment down the line.

Network

Apart from location, it’s also relevant to look at the network surrounding the commercial space for lease. Is your location granting you access to potential partners and key players in your industry?  Leasing commercial property means being able to situate yourself around potential partners and clients. A business that supplies raw materials will greatly benefit from being around industry titans that consume those goods. Likewise, a marketing agency situated around various luxury brands can utilize the network to further their business. Evaluating the network of companies surrounding a commercial space for lease can turn a new office into a profitable move for your business. 

Duration

Leasing an office space opens up a multitude of possibilities for any company. Unlike owning property, a lease allows a certain amount of flexibility when it comes to longevity of use. Before securing a commercial space for lease, it’s vital to determine the company’s long-term plans for the space, as well as the property’s availability for long-term occupancy. Some properties have lower rates for clients looking for longer lease agreements. Others, however, might still include clauses allowing a periodic increase in rent regardless of the duration. 

The needs of your business at present may be vastly different than what your company requires when your lease agreement expires. If you’re looking to position yourself in an office space for the long term, it’s vital to determine if that property can accommodate your company’s growth down the line. Does the landlord own another commercial space for lease adjacent to your office or is the space at full capacity? Once a company identifies their own plans down the line, then they can look into aligning with the plans of their property manager or landlord.

Landlord 

Being a tenant in a commercial space for lease means having a contract or lease agreement with a landlord or property manager. It’s a necessary relationship that one will need to maintain throughout the duration of the contract. 

As with any business deal, it’s imperative to research the party who owns the commercial space for lease. Dealing with a privately owned commercial space can be as enjoyable as having a fully customizable experience or as strenuous as having to chase down an inattentive landlord. Inquiring with existing tenants is one way to help you determine whether a property is being managed to your company’s standards.

There’s also the option of looking for a commercial space for lease from established real estate developers. Dealing with reputable firms can guarantee that both dealings and facilities will be maintained to a certain standard.  

With unparalleled services complementing its sophisticated architecture, Rockwell Workspaces offers a diversity of office spaces in the metro. From 1 Proscenium and 8 Rockwell in Makati to the Rockwell Business Centers in Ortigas and Sheridan, Rockwell Workspaces offers spaces for lease that blend convenience and security

With a reputation for creating world-class facilities within sophisticated pocket communities, Rockwell Workspaces can foster the growth of your company’s next chapter.

For more information on available office spaces for lease, inquire here.

Getting a business up and running is a feat in itself, and like most business owners, they’re in it for the long haul. Most people are aware of the long-term returns of including commercial real estate investment in their business plans. However, the equally relevant benefits of leasing an office space might be even more suited for certain companies.

Flexibility to Goals

As your business establishes itself, your company will inevitably have to evolve and undergo some adjustments to accommodate the welcome growth. With the addition of more employees or a larger inventory, the initial space your startup occupied might no longer be able to accommodate your diversifying operations. While purchasing a new property is an option, leasing an office space might be more in line with a company’s short-term goals and capabilities.

After buying a commercial space, oftentimes, the property will also have to undergo construction, customization, and inspections before being deemed fit for occupancy. If time is of the essence then leasing an office space can be a quick and seamless alternative to buying. Most office spaces for lease are also already customized to accommodate a workforce, and therefore only require minimal alterations before occupancy. Leasing also allows the business a certain amount of flexibility. A company leasing a property is bound to their office space only for the duration of their lease. After their lease agreement expires, they can opt to renew their contract or decide whether to upgrade or downsize depending on what is ideal for their current operation. 

As most start-ups outgrow their initial workspaces, leasing an office space is an ideal initial step for those looking at the near future. Another advantage to a time-bound lease, is being able to downsize and adapt to a hybrid work environment, should it prove to be more economically beneficial for the company.

Simplicity

Whether you’re a start-up or an established corporation, there are numerous factors that can make leasing an office space advantageous. Some companies prefer leasing just because it’s simpler. When buying a property, apart from the initial investment, in order to maximize returns in the future, the property itself becomes its own small business to manage. The maintenance, repairs, and acquiring of permits becomes an added responsibility that the property owner will also have to manage. 

Contrary to popular knowledge, not all properties readily appreciate in value. In order to avoid a property’s depreciation, the owner or landlord will have to build equity over time by keeping their property in an updated operational state to maximize future returns.  That means having to allocate further resources outside of the company’s core operations, to cover the cost of managing a property. 

Leasing, on the other hand, allows the company to focus all its effort on running their own business for a fixed, and reasonable overhead cost. Rather than monitoring their property investment, a company can allocate its resources to its own internal growth and operations. Should a property being leased require further maintenance, a tenant can delegate repairs to the landlord accountable instead of having to shoulder the work themselves.

One also needs to consider the resources available to the company. Purchasing a property is a long-term investment and will only begin turning in profits once the property itself has gained equity. With the smaller investment required in leasing an office space, a company can begin to generate profit in a shorter period given the lower overhead cost. 

Strategic Expense

When looking for the ideal space, location, and security can be essential to the growth of your business. In this current era of interconnectivity, being able to network your business can be key to a company’s flourishing future. Finding the right office space allows a brand the opportunity to get acquainted with other companies and create future collaborations. 

Needless to say, purchasing a secure luxury office space among the top players of an industry can drum up a sizable investment. On the other hand, leasing an office space of that same stature can prove to be the more economical option for keeping your company at the heart of the business district.

With a reputation for their strategically located commercial properties, Rockwell Workspaces allows you to lease sophisticated office spaces that can keep businesses secure, and relevant around their ideal network. Their wide range of office properties includes 1 Proscenium and The Podium Offices, among other office spaces within and beyond Metro Manila. For a fraction of the investment that buying property requires, leasing allows even any mom-and-pop to situate themselves amidst high-profile, and high-traffic communities.

With a vast array of sophisticated and secure office spaces, Rockwell Workspaces has strategically located facilities that can welcome the next era of your growing business.

For more information on available office spaces for sale and lease, inquire here.

Just as every individual is different, every company has a space most suited to optimize their daily operations. The traditional office has greatly diversified and evolved to various designs that can bring out the potential of their individual employees. In fact, most modern offices have begun adapting combinations of office layouts to increase productivity.

Here are the types of workspaces available to help you determine which office is best for you:

Traditional Office Space

Among various types of workspaces and office layouts, the traditional office space is likely the first image that comes to mind when you hear “office.” This type of workspace generally includes a combination of assigned areas integrated into one space. It incorporates a combination of private offices, open spaces for semi-private cubicles, and conference spaces. 

Traditional office spaces are ideal for companies that need the privacy to handle confidential information, as well as an impressive, yet accommodating space to receive clients. Typically seen with high-profile companies that deal with law or finance, these spaces are either owned or bound by multi-year lease agreements, making it ideal for businesses looking to establish trust and longevity in their fields.

Creative Office Spaces

A variation on the traditional work layout is the creative office space. This type of workspace is ideal for companies that require regular collaboration. Unlike other kinds of workspaces, this formal setting requires fewer private offices to create more open spaces to foster group ventures. This type of office typically have brighter spaces, often utilizing clear panels to promote transparency and openness. 

Despite the word “creative” even companies beyond the field of arts have begun to adopt this kind of layout to encourage communication and bring forth innovations. Even multinational companies started to merge the traditional workspaces variety with vast, open spaces built for the creative office layout. This has allowed them to entertain clients in stunningly polished spaces, while simultaneously cultivating a collaborative and professional working environment.

Flex Spaces

Another hybrid type of office is the flex space. Unlike other office spaces, these types of workspaces are a cross between commercial and industrial real estate. These are designed to have a combination of an office area, a retail space, along a warehouse. This style of workspace is ideal for companies that would benefit from having their business operations in close proximity with their manufacturing arm such as companies in the import or export field, or those in the R&D industry. 

Co-Working Spaces

An innovation that came to fruition over the last decade is the co-working space. This set-up involves a somewhat open space with sections formally occupied by short-term tenants. This allows companies the flexibility to work from a space as minimal as a desk to be rented by the day or week. Among the types of workspaces, this environment is most suited to small operation start-ups that are looking to maximize their initial capital. 

Satellite Workspaces

The satellite workspace can be subdivided into two categories: formal and informal. The formal or more official description of a satellite workspace is a smaller branch of a larger company found in an altogether separate location. This style can be utilized by companies undergoing a prospective relocation or expansion to a separate area. In this manner, companies can establish a temporary workspace in a specific area to survey their potential market or source partners in that locality. Once operations are fully in motion, and a permanent local office has been secured, a company can undergo a less jarring relocation.

Meanwhile, informal satellite workspace is the jargon used to describe people working from remote locations; whether it be in the form of a favored coffee shop or an on-ground setup. This is beneficial for employees working in the field who need to touch base with the rest of their company digitally.

Offices located around commercial establishments are then able to accommodate both the traditional work set-up as well as satellite locations. This is why curated communities embedded in any Rockwell Workspaces project, synergize professional sophistication with the openness of modern establishments. These prime towers rising in key business districts grant flexibility for businesses looking to utilize satellite workspaces to bring in new business while still being at the heart of any city within the Metro.

Home Office

While technically a subgroup of the informal satellite workspace, the home office has taken a new life in light of the recent global pandemic. Traditionally, it was an optional space in the home carved out specifically for work. With the onset of the latest pandemic, the home office set-up became a necessary home inclusion for the individual. This often led to upgrades or relocations to homes that could accommodate an individual’s home office. 

As individuals are more open to re-establishing the boundaries between their work and home life in recent years, more companies have been re-investing in the traditional types of workspaces with the flexibility to various work setups. From start-ups to heavyweights of the trade, businesses are emerging with new normal innovations to welcome the workforce back into the business districts.

The right office space can cultivate the potential of a growing business. Ushering in companies to brighter and more versatile offices, Rockwell Workspaces carries the latest advancements that integrate sustainable facilities with modern luxury developments. With its various office spaces for sale and for lease, such as 1 Proscenium and 8 Rockwell in Makati, Rockwell Workspaces curates a safe and exclusive environment suitable to your business needs. 

For more information on available office spaces for sale and for lease, inquire here.