Office Space in Worcester, MA | Office Space For Rent (2024)

FAQs

Is renting office space profitable? ›

In conclusion, Investing in office spaces can be a profitable opportunity for real estate investors. With a steady income stream, higher rental rates, and the potential for appreciation, office spaces can provide a stable and lucrative investment.

According to Zippia, companies need to allow between 150 and 175 square feet of office space to work most efficiently. Office Finder estimates that range is “between 125 and 225 usable square feet of office space per person”. On average, this is equivalent to 175 square feet per employee.

To estimate how much space you need for your next office, multiply your employee headcount by the number of square feet per employee that best fits your density needs. For example, a 25-person company with average space requirements would need an estimated 6,250 square feet (25 people x 250 square feet per employee).

Gross Lease

Gross leases are most common for commercial properties such as offices and retail space. The tenant pays a single, flat amount that includes rent, taxes, utilities, and insurance. The landlord is responsible for paying taxes, utilities, and insurance from the rent fees.

Buying office space can offer several benefits, such as building equity, tax advantages, and the potential for generating passive income. However, it also comes with challenges, including the capital-intensive nature of the investment and ongoing operating expenses.

The 100 sq ft per person rule works best for open plan offices, which have become much more popular in the last decade. Having everyone sit close to each other can encourage innovation and efficiency. Open plan workspaces can also reduce costs by sharing resources such as printers, photocopiers and even lighting.

To calculate the amount of office space you need, start by determining the number of employees and the space each will require, typically 100-150 square feet per person. Next, factor in additional areas like meeting rooms, break spaces, and reception.

How to calculate cost per seat in office? ›

Essentially, you have to calculate all of the office-related expenses, including costs related to the building, repairs, maintenance, insurance, furniture, lease payments, equipment, etc. Then, you need to divide this number by the total amount of employees to calculate the cost per head in an office.

According to Office Finder, it's best to allow about 175 square feet of space for each person who works in your office. Leaders and executives usually require between 200 and 400 foot square feet. Open office workstations only require about 100 square feet per person.

Small private office: 90–150 square feet. Medium private or shared office: 150–250 square feet. Large private or shared office: 200–400 square feet.

How much space do you need per person? The space you need per person in an office will often depend on their duties. That said, experts usually recommend anywhere between 75 to 150 square feet per person, although anywhere up to 325 square feet is reasonable.

Another essential component of a productive office environment is the presence of quiet areas for focus and concentration. This may be where your employees' desks are set up, or it may be another corner of the room entirely. We recommend pushing the quiet work area to one corner or one end of your office space.

You want to choose a location that is easy to access by public transportation, car, bike, or foot, and that has enough parking spaces, bike racks, or other facilities. You also want to check the availability and quality of internet, phone, and power services, and make sure they meet your standards and expectations.