This is How to Determine How Much Office Space You Really Need

Balancing Space and Productivity: A Strategic Approach

When you rent office space, your monthly rent and all expenses are determined on a per-square-foot basis. Since this is the determining factor for all your expenses, it is important to make sure you have the right amount of space for your needs. While cost is important, you should also take into consideration how the space layout will affect your employee’s productivity and job satisfaction.

Your first step is to assess your current situation and have a general idea of your future needs. Here are a few questions you should ask yourself: 

  • How many employees do you currently have?
  • Do you plan on hiring or downsizing in the next five years? 
  • Does your current office layout work for you? Create a pro and con list.
  • If you do not currently have office space, what would your ideal space look like?

Square footage needs per person will vary greatly depending on your industry and personal preferences, but a safe average is 175 square feet per person. For example, if you have 25 employees, you will probably need an office around 4,375 square feet. While that might not be your final number it will give you a general idea of what you will need. Keep in mind that it could be as low as 150 square feet per person or as high as 330 square feet per person. It all comes down to the type of layout you will need.

You will also need to determine the type of space that will work best for you and your employees. Your company will have its own unique requirements so there is no one-fits-all approach. While cost is a deciding factor, it shouldn’t be the only criterion. Having an open dialogue with your employees on their wants and needs can be very helpful at this stage. Here is a look at the most common layouts.

Open Office Layout

This type of space will have minimal (if any) private offices and conference rooms. This allows for flexibility and collaboration, but you sacrifice privacy. This type of layout typically requires less square footage, making this a more affordable option. This space is ideal for start-ups and call centers.

Private Office Layout

This dense plan consists of private offices and conference rooms. Each employee will have their own space and will be closed off from their coworkers, however, this works if confidentiality and client meetings are a priority. This type of layout will be more expensive due to the larger square footage required. Law offices and mental health practices can work well with this layout.

Combination Office Layout

The 2019 Gensler U.S. Workplace Survey states that 77% of employees prefer an office space that takes elements from both open and private layouts. By choosing the combination layout, you are able to offer an adequate level of collaboration and privacy to your employees. 

Now it’s time to enlist the help of a commercial real estate broker to help you find your ideal space. Once you have found the perfect space it is time to bring in a space planner. A space planner can help you determine the most efficient layout for your needs.

Conclusion

In conclusion, choosing the right office layout is not just about cost per square foot; it’s a complex decision that impacts various aspects of your business, from employee productivity to job satisfaction. It’s crucial to start by evaluating your current and future needs, and then considering the specific requirements of your industry. While affordability is an important factor, employee input and the nature of your work should also heavily influence your final choice. Whether you opt for an open, private, or combination layout, the aim is to balance cost, space utilization, and the work culture you want to foster.

Estimating Your Office Space Needs – Key Takeaways:

  • Assess your current and future needs: Know how many employees you have and your growth plans.
  • Square Footage Estimates: A general rule is 175 square feet per person, but this can vary based on your specific needs and industry.
  • Types of Layouts: Open layouts are generally more affordable but sacrifice privacy; private layouts are costly but ideal for confidentiality; combination layouts offer a balance.
  • Employee Input: Have an open dialogue with your team to understand their workspace needs.
  • Professional Help: Utilize the expertise of a commercial real estate broker and a space planner for best results.

Remember, the right office space can not only accommodate your team but also act as a catalyst for innovation and productivity. Choose wisely!

Regent Commercial Real Estate specializes in tenant representation. We are experienced and dedicated. Contact us today. 

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Brian is the owner and Broker-in-Charge of Regent Commercial Real Estate, based in Charlotte, NC. He has successfully helped secure nearly one thousand leases and sales transactions during his career as a Commercial Real Estate Broker. As a certified member of the Society of Industrial and Office Realtors® (SIOR), Brian ranks among the world's foremost experts in commercial real estate brokerage, boasting extensive experience and a track record of success. He looks forward to getting to know you and your company and learning how he can partner with you to achieve your objectives in the Charlotte Commercial Real Estate sector.

What our clients are saying

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Brian Smith was knowledgeable, personable, and very easy to work with. Clients will feel very well served by Brian and his expertise.
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Brian Smith is one of the best CRE brokers I’ve encountered. He’s helped us find space in different cities and help Ed negotiate leases and renewals. I’ve worked with other brokers in the past and hands down Regent is the best!
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Brian was very helpful at helping me navigate into the commercial real estate industry, as I am a college, business student who aspires to become a commercial real estate professional. Very knowledgeable as well, as he informed me about what he and his company does. Also gave some guidance regarding real estate licensing.
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Brian Smith was very helpful during our search for commercial space. He was knowledgeable about the process. There were times when we felt discouraged, but he was extremely patient and helped put our minds at ease as we navigated through our search for the perfect office/warehouse.We would definitely use him again when we start searching for larger space.
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Brian and Wyman were able to help my client find a commercial space to rent on short notice, and in a competitive market segment. Their customer service was exceptional, I can't recommend them enough!
Jana W
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My company was recently looking for office space in Charlotte. Wyman took a lot of time to help us find an office, including setting up appointments for tours, touring offices with me, and assisting with ensuring the lease met our needs once we found a space. We are a relatively small company, but Wyman still dedicated a lot of time to helping us, and I really appreciated his efforts. Highly recommend Regent!
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Having worked with Brian on a number of commercial office transactions over the years I wouldn't hesitate to recommend him to anyone looking for a trusted real estate advisor. Brian has always been very thorough, communicative and honest in my experiences working with him and he's certainly helped to facilitate successful transactions which is a win for everyone!
M K Graham
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Brian has been a blessing to me. His experience in Industrial and Office leasing has been a part of the success of BoxDrop Mattress snd Furniture’s business model of offering our customers the lowest prices for the top brands of furniture and mattresses. We are in our 3rd location in 4 years, growing from 1250 sq ft to 5000 sq ft to our current location 13,200 sq ft. Each time Brian provided us with the best leasing options that fit our warehouse outlet business model, helping us negotiate the rates, terms, and the upfit we needed.
Brian Robinson
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I have known Brian for over twenty years. He is a close friend. Brian is honest and hard working. He is dedicated to excellence. I have watched him build Regent with integrity and a commitment to provide the best possible experience for his clients. I recommend Regent for all your commercial real estate needs.
chandu reddy
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We recently had the pleasure of working with Brian Smith at Regent Commercial Real Estate. He is simply awesome and very helpful.
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Had an opportunity to evaluate Commercial properties in Charlotte with Brian's company.Brian is knowledgeable and well aligned with the current Market trends and business guidelines. Recommend him for those exploring large scale Commercial Realestate buying in Charlotte.
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Brian was super helpful explaining the current commercial market conditions and what I might expect in my situation. I would definitely recommend Brian and his team to assist you with your commercial market needs.
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Fantastic company
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I called Brian as a fellow broker who is new to the area. He has an affable nature and a keen understanding of the Charlotte market. He went out of his way to be kind and helpful and it will be reciprocated in kind.
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Brian was great. Very knowledgeable and was quick and clear in communication. Will definitely use him again.
Brian Smith stepped in when my residential clients were interested in a commercial property. The transition was seamless and he quickly gained all of our trust and confidence. He was professional, reliable and had great communication!
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Brian was absolutely the best! From the beginning of the process, to the end. He was great at checking in and was always available if you needed him. I really appreciate him going above and beyond to help us find the right space for our business. He is incredibly knowledgeable about the local area and he is truly professional in how he communicates with you. I highly recommend Brian and his team. Thanks!!
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