Second, figure out your industry’s work style
So how much space is enough?
“In the face of increased competition and, in some markets, diminishing lease incentives, many of our customers are focused on maximising their return on investment on fitout spend,” Collins says.
Research conducted by Bates Smart shows that floor space is reducing dramatically per individual and also, that it is affected by what type of industry has signed the lease.
A white paper by Bates Smart found that IT staff spend the most time at their desk, spending 69 per cent of their time staring at a computer screen, followed by Fintech at 60 per cent and IT (non-agile) at 55 per cent.
The white paper says: ‘Technology companies allocate space in different proportions to other industries. They prioritise social and team spaces over client and individual spaces; the reverse of traditional business priorities’.
“We are also seeing co-working emerge strongly, and places such as WeWork are using considerably less space than a traditional office, as start-ups and very small companies gain access to buildings that, due to their size, they wouldn’t otherwise be able to,” Collins says.
Another white paper released by Bates Smart titled “The Legal Workforce in 2020” states that in 2007, 75 per cent of legal staff were in offices, but by 2020 that would be down to 10 per cent.
The legal profession allocated 24 square metres of office floor space per person in 2007 and this is expected to reduce to 12 square metres by 2020, according to the report. Most companies work on a ratio of about 10 square metres per person.
The paper reveals that: ‘Lawyers are noticing that the isolation of an office doesn’t equal an ability to focus. Library zones and quiet rooms offer a greater ability to get away than staying in your office.
'Advances in technology and e-filing mean that the office is no longer required to store walls of files.’