asset management

Happy New Year 2020!

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Work is an integral part of our life and a good source of happiness; that’s why we wish you personal growth and career advancement, moral satisfaction, warm trustful relationships and wealth in the coming year. Happy New Year!


D.J. McGauley & Associates Inc. is your Office Space Planning, Renovations and Relocation Project Management Company of Choice for the Toronto, GTA and surrounding areas. If a renovation or relocation of your 2,000 – 25,000 sq.ft. office space is in your plans, contact us to arrange a no-obligation site meeting. We guarantee that by the end of that meeting, you will know all that would be required to make your office renovation/relocation project a successful reality.

Call 416-239-1931, email info@djmcgauleyandassociates.com or visit our website for more information and to complete our contact form.

5 Common Mistakes Companies Make When Designing Their Offices

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5 Common Mistakes Companies Make When Designing Their Offices
5 Common Mistakes Companies Make When Designing Their Offices

Planning for the correct amount of storage

Understand what you are storing, why you are storing it and make sure it’s not just a catch all place for all the indecisions your staff make. Storage is too often used to conceal clutter. Effective storage creates efficiencies while creating an environment that is both esthetically appealing and practical.  Different storage solutions can provide time saving functionality that boosts productivity and frees up space for other office uses.

Getting employee input

The right office design will help make your business run better.

Involve employees in deciding how the space will look and feel. Employees often have insights into what an operation needs and may have that wasn’t obvious before but may prove valuable. Their involvement in decision-making gives them a voice in something meaningful which increases engagement and improves performance.

Talk to your employees and ask how the old space has worked. Which features have been good or bad, and why do they feel that way? Don’t assume the old layout is necessarily the best to help drive business. Also consider letting employees name common areas such as conference rooms. That way, they can put their stamp on the space.

If you have the time and resources, consider setting up some common work areas, each decorated in one of the color schemes most popular among employees. They can then try the different settings to see how they feel about them.

Besides giving employees a voice in the new office’s aesthetics, encourage them to discuss practicalities, too. Ask for a wish list of items for the new space, such as a coffee bar or certain type of storage, which could help make work a better place to be.

Plan for growth

It’s hard to know the future. Often, we are planning to grow, but just how much, how many more staff and what’s the time frame.

When you’re designing your office with growth in mind, it’s important to look at ways in which space can be reconfigured to accommodate differing team sizes. 

It’s crucial to incorporate adaptable, flexible spaces into your present office design. These spaces can be used for ad-hoc meetings or general relaxation areas for existing staff but can also be re purposed as more formal workspace when necessary or for events and presentations.

Think carefully about your office furniture too. Once you have invested all your money in your latest technology or spent a fortune on the best talent, it might be tempting to skimp on the furniture budget. 

Not enough open and/or private spaces

One of the most significant decisions in developing a company’s culture relates to the division of office space. Open space, division into offices, team-based division, mixed offices, a small or a big kitchen – each one of these decisions will affect the way the company functions.

In theory, an open space office sounds like a great idea – an open atmosphere, accessibility for everyone and, of course, an optimal utilization of space. Most open spaces are usually quite noisy and are not that conducive to actual discussions. Many people are easily distracted by every phone call, joke or noise around them.

Acoustics

New open concept designs are often filled with hard surfaces like polished concrete, open ceilings and lots of glass, that give a wonderful open feeling to spaces. But there is downside – increased noise levels.

When noise enters the workspace, creativity and productivity go out the window.  That’s why manufactures of office furniture have thrown themselves into designing elements that limit and absorb excessive noise, creating pleasant workspaces that improve performance. The trend for open-plan designs, particularly in new workspaces, has put sound at the forefront of design.

Another way of combating noise in new open-plan workspaces is by incorporating dividing elements which provide privacy and encourage concentration.  There are different wall panels which offer solutions that provide contemporary designs with the possibility of personalization, as well as improving acoustics.  From acoustical wall treatments to innovative furniture options there are many innovative solutions to improving the sound levels in any office environment.


D.J. McGauley & Associates Inc. is your Office Space Planning, Renovations and Relocation Project Management Company of Choice for the Toronto, GTA and surrounding areas. If a renovation or relocation of your 2,000 – 25,000 sq.ft. office space is in your plans, contact us to arrange a no-obligation site meeting. We guarantee that by the end of that meeting, you will know all that would be required to make your office renovation/relocation project a successful reality.

Call 416-239-1931, email info@djmcgauleyandassociates.com or visit our website for more information and to complete our contact form.

5 Reasons Why Companies Use Third Party Storage Facilities

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storage-units-hallwayWhen I say “storage”, a couple thoughts may come to your mind— “the cloud”, which more and more companies are using to store soft copies of files and documentation, or a storage closet where items like unused furniture, filing cabinets, hard copy files and other hard assets are kept.

But what about third-party storage facilities? Should companies take advantage of such services or just store inactive items somewhere in their office space?

Here are some thoughts to take into consideration:

  1. Cost – Consider your office space lease rate. According to the Toronto Real Estate Board (TREB), the average office space lease rate in downtown Toronto in the last quarter of 2016 was $12.86/per square foot net1. If the storage space required for your inactive hard assets is roughly 50 square feet, then $643 of your total monthly lease would be paid towards storing hard assets not currently in use in your office space. A third-party storage facility may charge $150 to $200 per month for the same size storage space. That alone would be a monthly savings of over $400 in favour of using a third-party storage facility.

  2. Space usage – Would storing your inactive hard assets be an effective use of your office space? With the trend towards companies occupying smaller office spaces, the need to utilize every valuable square foot of office space for business-related activities would likely be a more business savvy choice than trying to squeeze those items in a corner of your office space.

  3. Security – Your office space landlord may provide the security services needed to protect all of your valuable assets but the same would be true for a third-party storage facility. Security cameras and special security locks are just a couple of features that third-party storage facilities offer their clientele.

  4. Flexibility – Ahh! There is that key word again. Unless you foresee re-purposing your inactive hard assets into your office space design in the immediate future, keep in mind that third-party storage facilities do offer flexibility in terms of short-term and long-term storage leases, location, and sizes of storage spaces, while giving you the flexibility you need to maximize the use of your office space.

  5. Accessibility – Whether accessibility means “proximity”, “information about” or just “ease of extracting” those inactive hard assets when needed, third-party storage facilities offer it all. Some storage facilities may even offer or arrange a delivery service as an added convenience to their clientele.

These are just a few advantages. If you are considering to use a third party storage facility for your inactive hard assets, contact us for more information. We provide secure, temperature controlled, flexible solutions for all your storage needs.

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DJ Mcgauley and Associates Inc. is your Office Space Planning, Renovations and Relocation Project Management Company of choice. If a renovation or relocation of your office space is in your plans, please contact us to arrange a no-obligation site meeting. By the end of that meeting, you will know all that would be required to make your office renovation/relocation project a successful reality.

Ask us about our asset management services!

Call 416-239-1931, email info@djmcgauleyandassociates.com or visit our website for more information and to complete our contact form.

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1Toronto Real Estate Board, Commercial Realty Watch Fourth Quarter 2016, http://trebcommercial.com/public/comwatch/com_back/2016/pdf/cw16Q4.pdf