Why feasibility study is an important step for your business?
A feasibility study is a low-cost option for evaluating your space needs and laying out all the requirements for future growth. Investing in the planning time, money, and resources. The feasibility study results can clearly show if the project is getting the green light to move further.
A high-quality feasibility study should include the following:
Establish a clear vision and goals for the project.
Analyze the existing or proposed site.
Outline the current and future space needs.
Review zoning, building code, and other local regulatory requirements.
Create a preliminary space plan to illustrate all of the above.
Establish preliminary construction budgets and schedules.
Planning an interior renovation can be a complex process, mainly when the company consists of various staffing levels, departments, teams and requires variations of meeting rooms, specialty spaces and breakout areas. It is essential to carefully review and figure out what it is the company wishes to achieve within all the given constraints.
A qualified interior designer will need to go through the following steps to be able to provide the client with an accurate feasibility plan:
Assess the company’s space requirements
Clearly understand the corporate culture
Obtain requirements of the staffing levels
Determine the location of departments and teams
Identify areas for staff interaction and collaboration
Allocate the areas for meeting rooms (understand the types and sizes required), reception areas, breakout spaces, training areas, space for future growth
If you are currently looking to lease, buy, or renovate a space for your business and would like to see how the company fits, please get in touch with us to start the feasibility phase. Connect Now to discuss your project.
