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The Secret Agent Report

A monthly online publication by Melbourne buyers advocates Secret Agent to help buyers, researchers and industry professionals navigate the local property market.


Read our latest report: Melbourne's Supply of New Developments



The Secret Agent Report - Offices

April 2015

Offices

Offices (Download PDF)

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To me, business isn’t about wearing suits or pleasing stockholders. It’s about being true to yourself, your ideas and focusing on the essentials.
– Sir Richard Branson, CEO of Virgin Group 

The built environment can add or subtract value from a property and more importantly it can change the entire feeling associated with one. If we live in our house 50% of the time and the other majority of time is spent at work, then this means a similar consideration should be made when choosing the environment we work in.

Through a number of case studies, we look at how businesses in Melbourne, both big and small, have designed their workplace to suit company ambitions and current needs.

Excerpt:

As a business owner, the considerations are many when choosing an office space and each is as important as the next; views, natural light, common areas, break out areas, proximity to public transport, nearby amenities, and allowance for expansion or downsizing.

Location is perhaps one of the most deciding factors as this will not only influence whether an employee will be able to work for you, but also change the amount of space you need. For example, if you are located nearby supermarkets or a variety of lunch options then you don’t need to provide a large kitchen/break room. You can save on space and the rent paid per employee can be reduced.

As an employer, it is not enough to consider an office that works for the business. It is just as valuable to think about what works for the people who help operate the business.

Staff value their work environment and whilst they may not say outright whether or not they are happy with the space, their efficiency and productivity will demonstrate this for you. By providing a better workplace you can increase these parameters, maintain a higher staff retention rate and generally have the opportunity to employ better staff.

Whilst the studies mentioned in the introduction have looked into detail about health and productivity measures, they have not looked at other considerations such as the office layout and overall company dynamics.

Secret Agent has taken a different approach for this report. Through a number of case studies, we look at how businesses in Melbourne, both big and small, have designed their workplace to suit company ambitions and current needs.


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