Commercial property remodeling is a $37 billion industry in the U.S., according to IBIS World, a global industry research firm, proving how important office renovation is to business owners.
Before a business owner can choose to remodel their workplace, they need to understand what office remodeling can do for a company. Knowing these benefits can also help an owner who is on the fence about renovations.
Keep reading to learn more about how office renovations can help a business grow by providing these six benefits.
1. Boost Employee Engagement
When employees are more engaged, they’re more productive. That alone can help boost the bottom line of any business. There are many ways an office renovation can help employees be more engaged. Here are a few examples:
Add Collaboration Areas
For most offices, collaboration is an essential aspect of business growth. Whether employees are meeting with each other, their supervisors, or clients, it’s important to have inviting spaces that allow for creativity, open idea exchange, and collaborative planning.
When an office is renovated, it’s easy to ensure there is ample space for people to gather, inspire one another, and enjoy the energy of working together face-to-face.
Provide Organization
When a business adds desks and other spaces by piecemeal, the entire office space can eventually become disorganized. A renovation can help keep all members of the same team in the same area and closest to the other areas they use most often, as well as harmonize the overall aesthetic of the office.
Clutter is a potential distraction to productivity. A renovation can keep space and employees organized, focused, and moving forward!
Increase Natural Lighting
Many people don’t understand the importance of natural lighting for employee morale. However, it’s one of the easiest ways to spruce up a workspace.
With a renovation, the workspace can be laid out so that more employees get natural lighting. Sometimes, additional natural light sources are needed by adding windows or skylights.
2. Safeguard Employees
In the United States, workplace safety standards are constantly changing. While this is good news for the health and safety of employees, it can also be frustrating to employers who need to keep up with these protocols.
An outdated office space can fall behind the times when it comes to safety standards. In this case, it’s essential to have an office renovated to ensure current building codes are being met.
One example of how a renovation can protect employees involves fire safety. Over time, an office can become cluttered with boxes and files in corridors to the point of being unsafe in the event of a fire. By renovating the office it guarantees a space is found for all misplaced items and employees can safely get out of the building in an emergency.
3. Use Space Efficiently
It’s no secret that commercial real estate does not come cheap. Whether a company owns or is renting an office space, this is an unavoidable part of the overhead costs that come with running a business. And during these times that are quickly evolving to a hybrid work model, space efficiency is key.
It is essential to ensure a company is maximizing its real estate. Disorganized spaces can lead to wasted space which is something many companies simply can’t afford, nor no longer may need.
Following a renovation, many business owners find they can either add more offices, meeting rooms, or recreational areas because the space has been transformed in such a way that maximizes every square foot or reduces their footprint for the same reasons.
With a proper space plan, the workday is easier and more enjoyable for employees allowing them to use their time more productively. For example, having one or two conference rooms placed at the far ends of the workspace is not conducive to supporting pop-up brainstorming, problem solving, or planning meetings. Position inviting gathering spaces near offices or central to workstations to encourage impromptu meetings.
4. Attract Top Talent and Clients
A renovated office goes far beyond improving working conditions for employees. It can also help a business grow by attracting top talent, and even more by attracting new clients.
First and foremost, a clean, modern-looking office helps improve client experience when an individual comes to the office. Remember: your space is a reflection of the quality of your work, products or services. Clients and new hire candidates will pick up on even the most subtle queues and factor them into their decision to buy from you or work for you. Make sure your space presents them with the best impression of all that you have to offer.
And, a beautiful space will showcase well in your marketing materials and give you a strong, trustworthy online image.
5. Demonstrates Innovative Thinking
Innovation is essential for a business, and it must be demonstrated in everything a company does or promotes. In fact, Forbes claims that flexible work experiences, intentional collaboration opportunities and empathetic management — can increase employee
performance by as much as 54%.
Although businesses that have outdated or inefficient space plans can certainly be forward-thinking, it can be hard to demonstrate that to employees without a renovation. A remodel that includes collaboration spaces will prove to employees and clients that your business is forward-thinking, encourages teamwork and is serious about growth.
Renovations can also inspire employees to be more creative, which contributes to their engagement and loyalty. A smart renovation should motivate employees and support their commitment to build a better future for the business.
6. Prepare for the Future
The longer a business owner puts off an office renovation, the further behind the times they’ll fall. It’s essential to have a renovation done at least every ten years to ensure the company is keeping up with current times and preparing for the future.
Renovating an office speaks volumes about how long a business owner expects to be doing business. It’s an easy way to express that a company is here to stay which provides peace of mind to employees, clients, and business partners.
The right interior designer can help a business be future-proofed and avoid needing another renovation in the near future. This is because good commercial designers understand how to create a design that will stay in-style for many years.
Ready to Help Your Business Grow in 2022?
These are six of the many benefits a company can gain by completing an office renovation this year. It’s clear that office remodeling can entice employees to return to the office, help improve their experience when there, and move a business into the future.
For more information about how renovating an office can provide a growth environment for your company, contact us today. Let us help you make your ambitions become a reality.