It’s no secret that renting commercial property in Cambridge can be expensive; on average, office space costs around £20 per sq ft. By the time you add in business rates, VAT and other factors, it’s a reminder in these times of austerity that space really is a luxury.
While trying to watch the pennies to help preserve the pounds, you want to be confident your business is utilising all available space to its full potential. So let’s forget the painful thought of everyone cosying up together and look at more creative ways to redress the balance.
Alongside hot desking, home working and flexi-hours is the concept of offsite storage to free up space. It’s certainly frustrating for company bosses when a vacant corner quickly gets eaten up by ever-expanding storage cabinets rather than fee-earning staff.
Consider this: an ordinary four-drawer filing cabinet takes up around six sq ft. If your company has 10 cabinets it means filing space is costing you a minimum of £1200 a year. For many legal and accounting firms this is a familiar headache and despite a desire to be paper free, certain industries need to retain hard copy records.
Using offsite storage, those tasked with facilities management can start to consider a better return on their square footage and turn the situation around. Large amounts of data can be stored away from your business, allowing you to either use the freed-up space for a fee-earner or sales person who can drive revenue… something the beloved filing cabinet can’t quite manage.