Estimating your office space needs.
If you’ve perused the listings at Hobbs Properties then you’ve probably noticed that for every office space we offer, we include a little section labeled “Ideal For.” This section lists the number of employees that we believe would fit comfortably in the office space.
In the example below, we believe that Suite 150 at 100 East at Anderson Plaza would be ideal for a startup or small business with 10 - 20 employees:
In the example below, we believe that Suite 150 at 100 East at Anderson Plaza would be ideal for a startup or small business with 10 - 20 employees:
Recently, we’ve received several questions regarding how we calculate and arrive at the range for each space.
Now, most companies like to hide their secrets, but here at Hobbs Properties we believe in trust and transparency. So, we’ve decided to reveal how we get that magic number so that you can estimate your own office space needs.
**Disclaimer**
The formula below is not guaranteed to produce a perfect result. As all businesses are unique, their space requirements will differ. It would be impossible to develop a formula that would spit out an exact number for every business. The rule of thumb and formula provided below gives a base range that you can use to estimate your space requirements.
If you’re hoping to find the exact space size for your needs, please get in contact with us today.
All right, now that that’s out of the way, let’s get down to the nitty-gritty.
The rule of thumb.
At Hobbs Properties, we use the following rule of thumb:
1 employee for every 125 – 200 sq. ft.
Please keep in mind that this is not a hard and fast rule. The number of employees you can fit in a given office space depends on many factors, including the number of offices within a given space and the number of employees per office.
1 employee for every 125 – 200 sq. ft.
Please keep in mind that this is not a hard and fast rule. The number of employees you can fit in a given office space depends on many factors, including the number of offices within a given space and the number of employees per office.
The formula.
Now that you know the general rule of thumb, calculating your estimated office space requirements is simple, just multiply the number of employees you have by the low and high end of the range provided above.
That being said, the formula would look like this:
Office Space Requirements Estimate (Low End of the Range) = Number of Employees x 125
Office Space Requirements Estimate (High End of the Range) = Number of Employees x 200
So, using the formula above, if your business has 25 employees, your estimated office space range would be 3,125 sq. ft. to 5,000 sq. ft.
That being said, the formula would look like this:
Office Space Requirements Estimate (Low End of the Range) = Number of Employees x 125
Office Space Requirements Estimate (High End of the Range) = Number of Employees x 200
So, using the formula above, if your business has 25 employees, your estimated office space range would be 3,125 sq. ft. to 5,000 sq. ft.
Conclusion.
Using the rule of thumb and formula discussed in the post can help you establish an estimate of your office space requirements. However, there are many factors that go into finding the ideal office space for your business. So, if you’re looking for a new office space, we recommend you work with a broker, like us!
