5 Signs that your Company is Ready to Move Office
Needing to Moving Office?
If your business is still feeling the side effects of the recession, an office relocation might be just what your company needs to get you into cheaper and more effiicient office space. The process starts with a closer look at your business requirements and how well these are currently being met. Start by considering these 5 steps to see whether your company is ready to move office:
1. Office lease expiry
Your office lease is nearing expiry and it's time to review your options. Ask a Tenant Rep Broker about current market conditions whether they are in the tenant's favor in terms of lower rents and better negotiating power.
2. Competing For Space
As your company evolves, it could mean employing more staff, more IT equipment and more storage space. If you find yourself competing for space with any of these things, then it could be a good indication it's time to find a bigger office space. Use the Office Space Calculator to find out the best size office that meets your requirements.
3. Inadequate Facilities
As your business grows, you may find you're having to host more meetings internally or with clients. If this is the case, you'll need a reception lobby, additional meeting rooms and possibly additional facilities such as video conferencing.
4. Wrong Location
Location is everything when it comes to choosing office space. If your current office location is not the most convenient location for your clients to get to, it's a good time to re-assess your choice of office location. Perhaps you need to move office closer to business partners or even competitors to make sure you are not missing out on any potential business opportunities.
5. Hiring & Retaining Employees Is Becoming An Issue
If you are unable to accomodate hiring additional workforce to meet the demands of your business, it's a sure sign you need to relocate. Staying in unsuitable office space can hamper business growth as well as decrease staff retention.
If your business is thinking of moving offices then make sure you refer to the FREE Office Relocation Checklist to help you through the entire office relocation process.
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