6 Questions to Consider Before Selecting a New Workspace

This article is sponsored by MINDSPACE.

Big-picture issues exist for nonprofits and other non-governmental organizations (NGOs) when selecting a workspace. Will the new location and set up help us drive forward the mission and serve our constituents? Does it promote growth and comfort for employees?

When selecting office space, NGOs face unique challenges while simultaneously benefiting from distinct advantages. Many of today’s organizations drive office space innovation as necessity spawns great ideas. If you’re considering a new or inaugural workspace, consider these questions before making any decisions.

Note: This information is part of a larger report. Download it here.

1. Are you reaping the benefits of an optimal location?

Despite trends in digital collaboration, a strategic geographic location continues to be essential for organizational success. For example, any organization seeking space in Washington D.C. typically desires easy access to government and business centers, as well as major transportation routes.

2. Will a long-term lease curb your flexibility?

The own vs. lease debate has intrinsic implications in terms of risk and risk mitigation. Risk lurks on both sides of the debate. Gain insight into this key decision, and the pros and cons behind the options, to make a more informed decision for your organization.

3. Are you missing out on potential savings?

Optimal office function requires a variety of costs that depend upon your occupancy model. Any purchase vs. lease vs. coworking solution cost analysis should take all factors into account. Discover these factors, and how one additional model could save your NGO up to 40% vs. the traditional lease model.

4. Are you benefiting from any government or private sector discounts?

Besides obvious tax advantages, both the government and the private sector may be willing to offer discounts to nonprofits. Discover whether your nonprofit could be capitalizing on important discounts related to workspace.

5. Does your workspace enable you to  cultivate cross-industry partnerships?

Effective nonprofits search for potential clients and partners nearby who have an interest in the organization’s mission. This process begins at the level of next-door-neighbor and expands to include the surrounding geographic area. Leading NGOs continuously foster cross-industry relationships that benefit all parties involved.

6. Is your space designed to maximize productivity and satisfaction?

Office ownership offers the full freedom to implement and design workspace layout and design. Major renovation costs should be taken into account, and this also applies to leases that allow for cosmetic changes. While downstream from more central issues, the impact of design should be considered early.

The importance of a quality work environment has a dramatic effect on team satisfaction and morale. Beautiful, comfortable, creatively stimulating spaces reflect organizational culture and core values, and can be fundamental in helping both to attract top talent and to reduce talent turnover.

Want to learn more about choosing the right workspace for your organization? Check out MINDSPACE’s full report!

new workspace

Itay Banayan

Itay Banayan is the VP of Real Estate and a Management Member at MINDSPACE, a company that provides premium work space for organizations of all sizes.

February 27, 2019

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