Fir, also known as Douglas Fir, is very inexpensive and common at local home centers. It has a characteristic straight, pronounced grain with a red-brown tint. However, its grain pattern is relatively plain and it does not stain well, so Fir is commonly used when the finished product will be painted. While commonly used for building, this softwood would also be suitable for furniture-making as well.
My hand tools are stored in a cabinet built into my bench but my shop supplies, air tools, and a plethora of “misc stuff” is in a cabinet on the other side of the shop, and my clamps are mounted on a wall adjacent to my bench, where conventional wisdom says tools should be. I just like it that way. I run my DC overhead and drop down… because my floor is on a slab. My bandsaw is mobile so I can pull it out of a semi-alcove for resawing, otherwise it stays in place for small operations (20″ bandsaws are cumbersome to move, even on leveling casters).
Some of the most important decisions in laying out a shop involve the placement of basic machines, such as the table saw and jointer. Deciding where to put them depends in part on the scale of woodworking you do, which determines the clearance area around these machines if you need to handle long stock or large sheet goods. You’ll also want to consider work flow to avoid an excess amount of running around the shop to accomplish tasks, as well as how to power your machines without turning your shop into a snakepit of extension cords.