Expanding or downsizing your business

Businesses can change quickly and this can lead to expansion or downsizing in terms of your office space requirements. Changes in the structural needs of their businesses are a common reason cited by companies keen to move offices. There are a number of key questions you should ask if you are planning an office move based on downsizing or expanding:

• Do you feel as though you are cramped for space in your current office environment?
• Are you introducing new members of staff and need space to accommodate them?
• Have your space requirements changed in terms of the running of your business? I.e. Do you need to create a new meeting space in order to accommodate clients?
• Are you hoping to expand into your current space, perhaps occupying new floors in the same building?
• Will you be entering into a subletting agreement for your current office space which will cut down your rentable office space?
• Will you be restructuring your staff in order to condense your operations?
• Are you looking to take up new offices in order to accommodate a growth in your business?
• Are you diversifying your business services and need to move elsewhere?
• Do you need to reorganise your departments or create new departments?
• Are budget constraints leading you to cut down on your staffing requirements?

If you have answered ‘yes’ to any of these questions, you should consider whether an office move to a new office would be beneficial to your company.