The Ins and Outs of Office Leasing

photo.JPG

On Tuesday, Front Street Managing Director Nick Banks hosted a workshop where he discussed office leasing for local Gainesville startups. Startups are usually made up of young people who work out of co-work spaces, or maybe even their own garages. As the company gets more funding and begins to grow, space quickly becomes an issue. This workshop gave some insight into the appropriate steps to take and important things to consider when your business begins to outgrow its current space.

One of the topics that Banks discussed was emerging office trends. Many offices look very different today than they did a decade ago. As company cultures become more collaborative and rely more on employee engagement, many company offices are being designed with open floorplans to encourage that type of environment. Office spaces that are filled with cubicles are becoming obsolete, especially in the startup and tech industries. It is not uncommon to find that there are no assigned desks, but instead employees simply work next to each other at a large table. When signing a lease, it's important that business owners are sure that the space that they are moving into will meet the needs of a collaborative company.

Banks also talked about how to determine how much space a startup may need. In recent years, office spaces have shrunk. Offices traditionally used 200 to 300 square feet per employee. Today, many offices only allow for 100 square feet per employee. Again, this change has a lot to do with shift in company cultures from individual workspaces to collaborative workspaces. When employees are working in close quarters to one another, it is easier for them to work together. Banks did warn, however, that business owners must be careful that they spend time reinforcing a collaborative culture beyond just making people work in small quarters. If this is not done, it is likely that employees will just feel like they're personal space is being invaded and the real purpose of collaborative design will be lost.

Front Street is excited about Gainesville's budding Innovation Economy and all of the great strartups that are popping up around the city. We want to see all of these businesses grow, and we're happy to help them in any way that we can. We hope that Nick Banks' talk provided valuable information that will help these startups transition from garages and co-work spaces to their very own offices. 

 

Comment

Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

 Subscribe in a reader

Subscribe to Front Street's News Page by Email