Creating a quality office environment which is functional, efficient, aesthetically pleasing and reflects the desired company image, is of predominant concern to companies considering expansion, relocation or refurbishment. With our broad experience and dedicated approach, Studio DB Ltd has the expertise to service you requirements and manage the project from conception to completion. Our supportive team of interior designers, sales consultants, project managers, licensed trades people and craftsmen enables us to carry out each project with attention to detail.

The criteria for design are maximisation of space utilization at minimal capital and operating cost, optimum functional efficiency, with the working environment comfortable and aesthetically pleasing. Studio DB Ltd’s designers and sales consultants work together with the client to formulate a needs analysis, addressing key areas such as staff interaction, responsibility, vision, company policy and future growth, until the optimum layout is created. We will coordinate a colour scheme with visual concepts and selection from our wide range of textiles and finishes.

So, what does a typical operation look like from a number’s standpoint? Our analysis below provides average financial forecast for typical flexible workspace operations in the Auckland region for an A grade asset. For lower grade assets the mechanics are the same except the cash payback may be longer given the increased ratio of fit out cost to rent. The long-term margins however tend to be higher depending on the level of service revenue. Note the figures below have been adapted to reflect a landlord operator situation: Capex investment – $1,500 to $1,900 per sqm per annum Operational cost (Excl. rent) – $450 to $650 per sqm per annum Gross revenues – $1,200 to $1,700 per total sqm per annum or $1,500 to $2,125 per sqm per annum Gross profit – $750 to $1,050 per sqm per annum Opening Occupancy – varies between 15% and 45%. Monthly occupancy growth – 3% to 7% Overhead costs: This will heavily depend on how the operation is set up and the extend of current resources. If we look only at marketing most operators spend between $10k and $20k per annum on marketing with a one off spend for pre-opening marketing of $15k to $20k. Overall, it is clear that the owner/operator scenario delivers more benefit for the owner provided expertise can be sourced to help with the strategy, design and construction of the site. Although it is a relatively simple business to operate there are key errors that must be avoided in the planning stage to ensure strong returns are achieved. If you are a landlord or a tenant with surplus space wanting to explore what flexible workspaces could do for your business, we can certainly help. We have the strongest expertise of any New Zealand firm in this regard employing experts with over 20 years combined experience – Pierre Ferrandon – Gwynn Hoskins If you would like to know how we can help you get in touch with us for a chat.