A recession is a challenge, even for the most established businesses. Rumours of an oncoming recession are likely to have many companies analysing the size, use and even location of their office space. With office space being one of the biggest financial expenditures, it is likely that businesses will look at how they can save money on these spaces first.
Whether you are considering downsizing your workspace, or wondering how your office can be planned better to save money and increase efficiency, our
design team can advise you on how to plan your space to adapt to the challenging economic climate. While many see recession as a threat to businesses, we see this time as a positive drive to reanalyse your office space and discover how you can often do more with less.
Why Downsizing Your Workspace Is a Positive Consideration
From March 2020 to March 2021, the amount of office space in England fell by more than 18m sq ft, roughly 35 times the floorspace in the Gherkin office building in the City of London, or almost 15 times that in 22 Bishopsgate, the largest office building completed in the capital during the pandemic (Financial Times). If we were to enter another recession, it is likely there would be a spike in redundancies, reducing the need for office space even further.
While downsizing your workspace is often classed as a negative or undesirable option, downsizing can actually be an extremely beneficial move for businesses. Aside from the obvious cost benefits, downsizing gives businesses the opportunity to assess their layout, be more efficient with space, and even include additional areas or rooms that could benefit employees such as breakout areas or private video call rooms.
Create a More Efficient Workplace Through Office Consolidation
One way to save significant costs is to amalgamate office space by bringing together multiple offices, or on a smaller scale, merging some or all of the company operations and workforce within a given floor or office space. Not only does this come with significant cost-saving benefits, but consolidation workspaces can create a more efficient workplace, as the layout can be optimised to allow for increased collaboration and improved communication between employees and departments.
With designers who specialise in space planning, we can help you to rethink your space. With an integrated office relocation service, we can assist with movements within your existing location or to a completely new office.
While a recession can bring a lot of change, at Glenside, our team are here to help you plan early and adapt to challenging economic conditions.
From full office relocations, to optimising your existing space during office consolidation, we can advise on the best solution for your business that will help you to reduce business premises costs and improve employee productivity - helping you take the step to a more modern and efficient office space.
Get in touch to speak with a member of our team who can help you transform your workplace into a future-proof space.
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