The 4 R’s To Lowering Office Costs

With business expenses rising over the past few years, reducing costs wherever possible is essential. Many businesses are paying more than they need to for their office space. So we decided to put this article together to give you some ideas on how you can reduce your workplace expenditure:

#1 Rent

Recently, many businesses have been opting to rent office space rather than outright purchasing it. Renting enables businesses to spread out the costs over a longer period of time which can, in turn, reduce overall expenditure. This can allow you to spend more on further money-saving strategies, such as…

#2 Refurbish

Many businesses across the country aren’t utilising their space to its maximum potential, and this is costing them. Effective space planning could completely transform your businesses. When you work with an experienced office refurbishment company, they will focus on how you can make the most of the space you have and could help reduce the space required, thus reducing rental costs.

#3 Reduce

…waste to be exact. You may be spending more on resources and electricity than you may realise. Taking some time to focus on your business’s waste and turning unused appliances off could not only benefit the environment, it could also help reduce your costs. So, get up and have a look around: Does that email really need to be printed? Is a heater on unnecessarily when the team member could be wearing a jumper? Is your team putting their computers on sleep mode when they pop out the office for lunch? Do you really need that lamp on? Think outside the box.

#4 Renegotiate

If you feel that your rent is just too high compared to other, similar office spaces in the area, the best thing to do would be to try to renegotiate with your landlord. If you’ve been renting for a while, your landlord will hopefully see that you are a valuable tenant and will want to keep you on in their office space.

If renting is not a possibility (or if you’re already renting), a refurbishment wouldn’t benefit your business, you can’t spot any more ways to reduce waste, and your landlord simply cannot reduce your rent, then it could be time to consider relocating.

If you have questions regarding office refurbishment or relocating, have a chat to a member of our team. We’ll be happy to help.