When your business is starting to outgrow its current space, you have a few options for office expansion, and the goal is to maximise your storage space. You can add to your current building, lease or purchase additional space, or use a co-working space.
Each option has its benefits and drawbacks, so it’s important to weigh them all carefully before deciding.
Keep reading to learn about the three different options available for your business.
1- Adding On To Your Current Building
Adding on to your current building is the most traditional option for expanding your office space. If you have the resources, this can be a relatively straightforward process. You will need to find an architect and contractor and then work with them to design and build the addition.
The benefits of this option are that it is relatively affordable, and it can be done relatively quickly. The drawbacks are that you may not have enough space to add on, and the process can be disruptive to your business.
2- Leasing or Purchasing Additional Space
If you don’t have the resources to add to your current building, leasing or purchasing additional space is a good option. It can be done relatively quickly without too much disruption to your business.
The downside is that it can be expensive, and you may not have enough time to get everything set up before you need the space.
3- Using a Co-Working Space
If you’re looking for a short-term solution, a co-working space can be a good option. These spaces offer shared office space and equipment, so you don’t have to worry about setting everything up yourself.
The downside is that these spaces can be expensive, and you may not have enough space for your needs.
Tips When Expanding Your Office Space
When the time comes to expand your office space, there are a few tips to keep in mind:
a- Make a Plan
Before you start looking for a new space, sit down and make a plan. Decide what your needs are and what you can afford. It will help you narrow down your options and make the process easier.
b- Think Long-Term
When you’re expanding your office, it’s essential to think long-term. You don’t want to have to move again in a few years. So, make sure the space you choose can accommodate your needs for the foreseeable future.
c- Consider Your Location
When expanding your office, it’s essential to consider your location. You want to be in a space that is accessible and convenient for your employees and clients.
d- Don’t Sacrifice Functionality
When expanding your office, don’t sacrifice functionality for space. Make sure the new space can accommodate all of your needs.
e- Don’t Rush the Process
Expanding your office is a big decision, so don’t rush the process. Take the time to weigh all of your options and find the best solution for your business.
Choosing the right option for office expansion can be tricky; it is advisable to consult experts from Oracle Storage for advice on the way to go. It’s crucial to weigh all your options carefully before making a decision. By considering the benefits and drawbacks of each option, you can make the best choice for your business.