Commercial Real Estate | Finding the right amount of space
How much real estate space for your business needs? Depend on a number of factors, both facts and projections. Because most commercial real estate leases are for a period of 5 years, you should base your space required figures in this number.
First, you need business partners and ask, “What position is the business?” Does your business have a vision of expansion in 5 years? How many staff will be added in the next 5 years? While you may not be able to answer all these questions, your overall expectations will be a useful clue in the planning process for the use of commercial real estate.
What is the size of your growing organization? What are the resources required to achieve that goal?
How many employees, office furniture, manufacturing space, computers and office equipment, storage of office supplies, files, and inventory of what you need to achieve your goal?
Call your industry trade association. Ask about the average sales per square foot. If your annual income goal is $ 500000 and trade association estimates is $ 140 of sales per square foot, divide their goal by their current sales ($ 500000 / 140 = 3571 meters square is needed to achieve the goal of income.)
If you are just starting your business, without much action, you can estimate 150 to 200 square feet per employee in addition to the traffic flows of 15% subsidy.