Ranging from the trendy and hip to the very sophisticated, Sydney’s districts have been a draw for entrepreneurs and startups for decades. The prolific Australian city is in the middle of something of an economic renaissance. With the infusion of investment opportunities coming into the city, now is the time for would-be entrepreneurs to work their magic and seal the deal on that dream office space.
The size of one Australia’s most populous cities alone, in addition to its diversity, offers businesses advantages in office leasing, even in this high-demand market where occupancies are low. There are loads of options for office space in Sydney – Servcorp has 10+ premium locations to choose from, each with something unique to offer. Because of the various high-profile locations in and around the city, finding office space is not difficult for those in the know. To close the deal on a functional space that is appealing to prospective clientele, there are a few things to be aware of.
Keep reading to learn more about finding office space in Sydney for your business.
Location, Location, Location
While this saying has become cliché, “location, location, location” still holds true when it comes to seeking out new office space. After deciding on a budget, you need to begin the search for appropriate office space based on your business needs. Depending on the type of business, you may want to situate your office in a place that encourages traffic and is a good fit for the function of the office.
If your business entails customers regularly coming in and out of the city, an office near transport hubs might be more attractive, for example, Gateway offers a convenient location just 15-20 minute taxi ride from Sydney Kingsford Smith Airport and is directly across from Circular Quay train station offering some of the best connections city-wide.
If you’re looking for an office in some of the more touristic areas to bring clients, Barangaroo, is just 5 minutes walking distance from iconic landmarks such as Harbour Bridge and Observatory Hill and is situated on one of the most captivating waterfront areas of the Sydney CBD.
The options are endless; it’s just a matter of finding a location that works for your business.
Estimate the Amount of Space Needed
Those looking for space, if not simply relocating, should determine how many people, staff included, will occupy the space. Typically, regulations regarding office space dictate that businesses should plan for 10-12 square meters per person if working in an open-plan environment. For an office that houses five employees, you would need between 50-60 square meters.
It’s important to find a space that will allow you and your staff to be productive and efficient while allowing your clients space to relax and feel comfortable.
Look for Flexible Options
Because of the high demand for office space in Sydney, rents can be pretty expensive. Business owners, however, have other options beyond the traditional office setup that can offer great advantages. For example, virtual offices and co-working spaces are some of the many office setups that dot the metropolitan landscape allowing business owners office space in prestigious locations without the large overheads.
Virtual offices give businesses a professional address without the added cost of leasing an office. The benefit of this type of office is that it provides you with all of the amenities of a physical office without the added expense. Co-working spaces allow for people who are self-employed or who work for different people to share office space with others and are a more affordable alternative to the conventional office setup.
Choose Office Space in Sydney That Suits Your Needs
With something to offer for everyone, Sydney has long been on the radar of business owners and for good reason. Those looking for office space can either head to Sydney’s hip and happening districts for office space or head back closer to the more accessible CBD.
Alternatively, co-working and virtual office leases allow those to budget while getting the amenities associated with traditional leases for a tiny fraction of the cost. In either case, by researching ahead of time, if you’re looking for an office in Sydney you are bound to find the ideal working space that suits your needs.