5 Reasons to Refurbish Your Office

Design ESG Wellbeing 1st June, 2024

Refurbishing your office can be an imposing challenge. Fundamentally changing and updating a space you and your team are intimately familiar with can be daunting and potentially disruptive. However, office refurbishment can also come with myriad benefits – some of which can be absolutely transformative for your business. A year of rigorous planning, hard work and upheaval enacting the refurbishment can pay off massively in the long term. The process itself can be an exciting, invigorating time for your company.

If you’re considering refurbishing your office, there are several compelling reasons why it might be a worthwhile investment. According to Deloitte’s London Office Crane Survey, refurbishments have surged, with 91% of London’s 36 new office schemes in 2022 being refurbishments, the highest number in London in 20 years. As businesses adapt to shifting work patterns and new regulations, refurbishments offer economic, environmental, and productivity benefits.

Here are five reasons why you should consider refurbishing your office space:

Improved productivity

Designing a functional office space helps boost employee productivity and morale. Creating a comfortable and efficient workspace can help your team work more effectively. Research shows that improvements in building design, such as better natural lighting and air quality, can significantly enhance employee wellbeing, ultimately reducing turnover and boosting overall performance.

Attract and retain top talent.

Modernising and styling your office space can be a powerful draw for top talent. By investing in the workspace, you create an environment that attracts and retains the best employees. With 63% of UK business leaders changing their office spaces to adapt to hybrid work patterns, creating collaborative, welcoming environments is becoming a priority for many forward-thinking companies.

The reception area at Ouronyx has modern furniture, wooden accents, and minimalist shelving.

Increased property value

A well-executed office refurbishment will raise the value of your property, in turn increasing revenue from any future sales or leases. As of 2023, nearly 73% of London’s office buildings were rated D or below on the Energy Performance Certificate (EPC) scale. With new regulations requiring all commercial buildings to have an EPC rating of E or above by 2027 and a target of B by 2030, refurbishments focused on energy efficiency will ensure compliance and increase your future marketability and value.

Better first impression

Creating a stylish office leaves a strong first impression on clients and partners. Investing in the appearance of your space helps establish a professional and welcoming environment, ensuring you make a positive impact. With the growing trend of refurbishments, standing out in a competitive market is essential.

Cost savings

While a refurbishment can be a significant upfront investment, it can also lead to cost savings in the long run. By updating and improving the efficiency of your office space, you can reduce energy and maintenance costs. Refurbishments are often considered more environmentally friendly than new builds, considering the whole carbon lifecycle. Retrofitting your office to meet energy standards can future-proof your property and reduce operational expenses.

A close-up of the bar at Authentic Brand Group, designed by Modus, highlighting the elegant marble counter, textured tile backdrop, and stylish shelving with liquor bottles and a coffee machine.

Refurbishing your office space can have several benefits, including improved productivity, attracting and retaining top talent, increased property value, a better first impression, and cost savings. If you’re considering a refurbishment, it’s worth weighing the potential benefits against the upfront costs to see if it’s the right move for your business.

Find out more about our Office Refurbishment service here.