Melbourne is the second largest city in Australia in terms of population. It is located in the south-east and is also the capital of the state of Victoria. Dubbed as the most live able city in the world, Melbourne offers excellent entertainment, health care, education, tourism, sports and research facilities.
The city boasts a diversified economy which is run by several industries including tourism, IT, finance, manufacturing, research and transportation. It is a major financial hub and is home to two of the largest banks in the country i.e. the National Australia Bank (NAB) and the Australia and New Zealand Banking Group (ANZ). Numerous multinational corporations have also set up their headquarters in Melbourne.
Because of this, both startups and established companies are continuously hunting for workspace in the city. So here are a few tips to help you in your search for the perfect office in Melbourne.
Keep in mind that different areas of the city are popular with different industries. The central area is the business hub of the city and hosts a considerable number of legal, financial and administrative firms. Fishermens Bend is home to companies from the manufacturing, research and service sectors while the Docklands offers new developments for both commercial and residential purposes.
The North Precincts (North and West Melbourne and Kensington) are near the city centre and provide a variety of dining, retail and business services. The area is close to the airport and also boasts excellent transport links.
The South Precincts (Yarra River, Southbank, South Wharf, Northbank and St.Kilda Road) are popular with tourists. In addition to numerous shops, restaurants and cafés, the Melbourne Convention and Exhibition Centre is also situated here.
Naturally, you’ll want to find your perfect office within your budget. This can be difficult as both A and B grade commercial buildings in Melbourne experienced an increase in rents during 2017.
Because of this many companies are looking to lease shared spaces such as serviced offices and coworking areas. Serviced offices in Melbourne start at around AUD. 500 per person per month and can go up to AUD.1200 depending on the location and amenities. A coworking space can be rented out on a day-to-basis without any recurring charges.
Ask the landlord for a copy of the contract and read it thoroughly before committing to a space. Are the terms and conditions flexible enough? Do you have a suitable exit clause?
Can you meet the payment terms and how much is the security deposit? Do you get a grace period for setting up the office before the lease starts?
You won’t encounter these issues if you opt for a shared workspace in the city. They are more flexible and offer friendlier terms and conditions. For example, you can increase or decrease your space according to your needs and the lease periods are considerably shorter.
What are the extra amenities offered by the building or business centre? Do they have meeting rooms, waiting areas, in-house cafes, broadband internet connections and stable phone lines?
These facilities are common in commercial buildings and make everyday work easier. Many larger buildings also offer parking areas, shared conference rooms, bike racks, kitchens and showers. They might also have indoor gyms, concierge services and daycare facilities. For Example, The Cluster provides venue spaces and boardrooms along with reception, IT and phone support.
Be sure to have a list of amenities you’ll need before visiting the space. That way you can easily shortlist the buildings which meet your criteria.
Can your clients, partners and employees reach your office easily? Is it easy to find? If your workspace isn’t easily accessible, your potential customers will avoid visiting you which translates to lost sales. You can also lose good employees if they find it difficult to get to work.
Ideally, your office space should be close to major roads and within walking distance of various modes of public transport.
6. Layout and Design
What does the building look like? The structure should be visually appealing so that it has a good impact on your company’s image. Casual and laid back workspaces are popular with IT startups while law firms prefer a more formal setup.
A traditional office is like a blank canvas which can be renovated according to your company’s brand. On the other hand, a serviced facility will provide a fully furnished space which you can move into in a couple of days.
Whatever your requirements are, FindMyWorkspace.com makes it easy to search for an office space in Melbourne and in any city across the world. Start your search by going here.