What will the everyday work life look like in a few months, a year, two years? Since COVID forced most businesses to enact a work from home plan, shuttering offices around the country, many people are left wondering exactly that.
More than ever, it's important to understand how employees interact, not just with each other, but also with their office environment. Your new goal is to maintain productivity while keeping everyone safe, healthy and comfortable with coming to work.
As a business owner, you make many important decisions every day, but whether or not to renew your lease for your office space may be one of the most important. It doesn't happen too often. Depending on the terms of your previous lease, it could be every two or three up to 15 years. And commercial leases are a little more complicated than residential ones, so it's not a decision to make lightly.
Renewing office space is no small matter. Most leases lock you into your space for five to 10 years, with a significant amount of money on the line. As your current lease draws to a close, you gain a unique opportunity to best meet the evolving needs of your business — whether that means staying put or moving to a new space.