Glenn McDonald Appraiser & Realtor® - EVERYTHING YOU NEED TO KNOW ABOUT COMMERCIAL REAL ESTATE

CHAPTER 9 What to Consider While Searching for the Right Space ht Space Choosing the right building to move into and invest in for your company can increase employee engagement and everyone's productivity. Location is possibly the biggest factor when it comes to choosing an office space. Working in an area that’s easy to commute to and from has massive importance. In almost every city, traffic and parking are huge concerns for employees. With an office space that is accessible and not in congested areas, employees don’t worry about being on time or getting caught in traffic every day. Also, being near restaurants and entertainment goes far for employee morale. Survey your employees to determine the factors most important to them. It may be being close to public transportation, or out of high-traffic areas. Learn exactly where they commute from to build a plan that will work for each one of your employees, or as many as possible. Many brokers will help put this together for you. It’s part of what is called an “employee map.” Studies have proved that when businesses make moves far away from their original location, employees (especially the lowest paid ones), are more likely to leave for a better-located job. Your office’s accessibility isn’t only important to your employees; it holds great weight with your clients as well. They may not 52

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