Growth and Considerations for Office Space

Your business is growing and bursting at the seams: you've got employees stacked literally on top of each other and can't figure out what to do … ever thought about moving offices?

The first step is to determine, of course, how much you can afford and how much space your really need. For example, you have to think beyond current boundaries and figure out how many offices, workstations, conference rooms and storerooms you'll need in a new arrangement.

The bottom line, or cost, is probably the largest concern - as it should be. The Building Owners and Management Association rates office space by location, appearance and costs with an alphabetical system. "Class A" space is the most desirable because it is located in a good part of the selected geographic area, is a building that has many amenities and often costs more. The national average in 1998 was $18.18 per square foot.

CPA firms and other businesses should feel comfortable engaging a real estate broker to help them with the transaction. Check sources carefully and go with a space that will more than accommodate your needs for the long-term.

You may like these other stories...

Accountants without a succession plan are hurting not only themselves but their clients as well. Here are seven ways to see your practice continues after you retire—some of them are better than others.What Are Your...
In my last article, I discussed the model of value pricing and the benefits this billing structure offers you and your clients. However, in order to set up the right value pricing for your client, you need to know what...
Remember the old joke about the devil showing a guy around Hell? There were great parties, swimming pools, and sumptuous food. The guy liked what he saw, lived a bad life and went to Hell when he died. Upon arrival the devil...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.