Moving Office - When is the best time to Move Office?
An office relocation is a major decision for any business, the timing has to be just right to help you achieve your business goals. An office move is usually a sign that your company is expanding, opening up to new markets and developing as a business. But if the timing isn't right, it can have a negative impact for your staff, your clients and ultimately your profitability.
Here are some factors to consider when deciding whether it's the right time to move office:
This plays an important part in the rent you will end up paying, as well as what lease terms you'll agree to. In a tenant's market you are likely to play a lower rent, have a wider choice of properties and be able to agree favorable lease terms. Find out from your local Tenant Rep Broker about market conditions and what rents can realistically be sought.
Moving office can be a costly exercise. Even though you might be moving to pay a lower market rent, the cost of moving your company needs to be taken into account. Use the Moving Office Budget Planner to help you calculate the cost of your office move so you can plan accordingly.
Outgrown Current Space
If you feel like you're bursting at the seams in your current space where productivity is affected, an office move could well be just what you need to get you into more suitable office space. Work out how much office space you're going to need by using this Office Space Calculator.
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