space
5 Objectives Colours and Textures Fulfill in an Office Space Design
Throughout the history of office space design, the use of colours and textures have helped companies strive towards the image and business goals they aimed to achieve. Below are just a few objectives colour and texture can fulfill within an office space design:
- To Establish or Reinforce Corporate Identity – the colours within a company’s logo, for example, can be applied throughout the decor of the office space in order to further emphasized corporate identity to both staff and visitors
- Promote a Positive Mood – it has been said time and time again that a positive environment promotes positive mood, which in a corporate environment promotes productivity. Choosing the right colour and texture combination in an office space design to bring about a positive environment can in turn help increase productivity.
- Inspire Creativity and Innovation – I believe that similar to promoting a positive mood, the right colour scheme mixed in conjunction with a variety of textures sends an unconscious or subconscious message to its onlookers that “anything goes”. As a result, employees, though consciously unaware, are spurred on to “think outside the box”, and come up with creative and innovative solutions to whatever challenges the company faces.
- Differentiate workspaces and meeting areas – There was a time when walls and doors defined a workspace. Over time, walls became shorter or more transparent in order to promote a more collaborative open office space design. Today, walls, for the most part, have disappeared but both colour and texture are used in conjunction with one another to help differentiate workspaces and meeting areas.
- Help organize individual workspaces – Files are not the only thing that get colour coordinated within an office environment. Companies are now “splashing” individual workspaces with specially coloured desk trays, filing cabinets, pen holders and other workspace related items in order to help the users of those workspaces remain organized while working in those areas.
Over time trends in office space design have changed, but colour and texture, though re-purposed, have been two of the primary tools used to ultimately create the ideal office space.
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DJ Mcgauley and 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 [email protected] or visit our website for more information and to complete our contact form.
Oil & Office Real Estate– Is There Hope For Recovery?
At the risk of stating the obvious, the plummeting oil prices in our economy today has had quite an effect in the office real estate industry. Many industrial companies across Canada that are highly dependant on oil have contracted their operations in efforts to slash their costs, giving up valuable assets, including office space. This has led to increased office space vacancies across the country which owners are fighting to not sell or lease out below their market value. Meanwhile, some trust companies are selling off their assets in order to have more liquid funds. Their goal– to purchase properties that they foresee being quite profitable once the market changes. But with all this fluctuation and activity, I dare ask, is there a light at the end of the tunnel for the current office space market?
Well, market history dictates that what goes down eventually goes back up again. In 2008, a global recession caused oil prices to drop to $40 per barrel after being peaked at over $150 per barrel between 2000-2008. Then economic recovery efforts between 2009 and 2014 brought the oil prices back up to $125 per barrel1. Oil prices have steadily gone downwards since 2014 but fluctuating world demand and supply could change that in the foreseeable future. In direct relation, the office vacancy rates have increased from 8% in 2012 to over 18% in 2016, but could go down again once demand and thus pricing for oil goes back on the rise.
In the meantime, there is the possibility of foreign interest. With the low oil prices and lower Canadian dollar value, foreign investors, particularly from Asia, are showing interest in Canada’s available office space. In fact, four of the past five purchases of major downtown office space in Canada have been to foreign buyers who have been flocking to the relative safety of the country’s hottest real estate markets, Toronto and Vancouver2.
So, is there hope for the office space market? With oil prices slowly on the rise and with increased foreign interest in Canada’s available office spaces, I would say that there is.
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DJ Mcgauley and 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 [email protected] or visit our website for more information and to complete our contact form.
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References:
1Peresio, Greg, Investopedia, “Why did Oil Prices Drop so Much in 2014?”, http://www.investopedia.com/ask/answers/030315/why-did-oil-prices-drop-so-much-2014.asp
McLean, Steve, Property Biz Canada, 2016-02-28, “Firm Capital Property Trust Ready to Buy”, http://renx.ca/firm-capital-property-trust-ready-to-buy/
2McMahon, Tasmin, Report on Business, 2016 02 23, “Office Real Estate Sectors Settling in for a Tough 2016”, http://www.theglobeandmail.com/report-on-business/economy/housing/the-real-estate-beat/office-retail-real-estate-sectors-settling-in-for-tough-2016/article28858197/
TD Economics, Special Report, July 12, 2012, “Canada’s Commercial Real Estate Markets Primed for Growth”, https://www.td.com/document/PDF/economics/special/sg0712_commercial.pdf
5 Tips On Avoiding the Post-Office Relocation “Growing Pain” of Insufficient Office Space
There is probably nothing more frustrating than moving into an office space that is insufficient in meeting your current and/or your future business needs. Avoiding this dilemma requires some proactive planning.
First, you need to know what you are starting with and what you want to end up with by the end of the lease term. You can do this by
- Acknowledging what you have and/or need in the short term (staff wise and equipment-wise)
- Having a five-year business plan that details anticipated changes in staff and equipment
Second, take measurements of all the office furniture and office equipment you plan to move into your new office space in the short term. With this information, you will be able to accurately plan the layout of your new office space based on actual rather than assumed information related to your office furniture and equipment.
Third, consider your staff (current and future) and the type of work spaces they will need to function most effectively. How many will need to be in collaborative workstations? How many will need closed-in offices? What about meeting rooms, lunch areas, storage areas?—how many would your organization need? Your answers to these questions multiplied by the knowledge that the standard space allotted to each room or staff member ranges from approximately 36 sq.ft (for a small cubicle) to 300 sq ft (for a large office) can help determine the total ideal size your new office space should be in order to meet your current and future business needs.
Fourth, when checking out a potential office space, walk with a measuring device and use it to document the square footage (or square metres) of the office space. If the office space is somewhat irregular in shape, then take note of wall lengths and heights and the angles these walls create when they meet.
Finally, before signing any lease agreements, take all the information from the previous steps and create basic office space design layout. This can be done either by using design software or on paper with 2-dimensional cut-outs representing the office furniture and equipment, or you can have a professional office space planner provide one for you if you do not have the time or resources to do this yourself. Having a visual of each potential office space can help you determine which space would be optimal for your business. Just make sure your office space layout is to scale so that your decision is an accurate one.
There are other factors to consider when choosing the right office space such as electrical and internet capacity, but following the above can at least help ensure that your next office space is the right size to facilitate your current and future business operations.
Corporate Space Planning & Relocation Advice 