How Much Office Space Do You Actually Need?
If you read enough commercial real estate news, you become immune to hearing discussions of this company taking 120,000 SF of space, or that company expanding from 40,000 to 60,000 SF.
But for startups or other companies without an experienced real estate team, getting perspective on the right amount of space can be a challenge.
At a basic level, the calculations are relatively simple based on a company’s size and growth projections.
How many employees will be based at a particular location, and how might that number change in the coming years? How many private offices are needed? Are additional utility spaces needed?
Cushman & Wakefield’s Global Occupier Services team even has an online calculator, which includes market data from hundreds of cities globally.
Because workstations are only part of the picture, the tool also includes reception areas, operational spaces, and conference rooms to help create a full picture of what a company may want and need given their size.
The calculator even allows companies to see how different workplace concepts may affect their space needs. For example, in organizations where many employees are frequently traveling, it may not be necessary to have a 1:1 ratio of workstations and employees. ( To read more, click here)
Call me to help you find the right amount of space for your needs.