The Pros and Cons of Moving Office

It’s a big decision of whether to move office or stay put. A number of factors may influence your decision to move office (including current market conditions, your office lease and the stage of your business).

But like many businesses, the decision often comes down to assessing your current needs and whether moving to a new office will get you into cheaper, bigger and more efficient office space.

Whatever stage of the moving office process you are at, make sure you consider these pros and cons of moving office.

PROS

• More Cost Efficient
  Looking for new office space can help you review your office space requirements and get you into offices that match your current (and future) business needs.  It may be that your current office is too big or too small and is simply not matching your business requirements. 
• New Office Lease
  A new office also means new lease terms that can provide more flexibility that will better suit your financial needs and operational requirements.
• A fresh start
  Moving office can do wonders for staff morale and overall business productivity, and for many companies, an office move is just what the company needs to boost company performance.
• Cost Savings
  Whilst an office move may help to get you into cheaper accommodation, there are also other "hidden" cost-savings to be had when a company moves office.  Not least the fact that it provides a trigger to review  / renew your office suppliers and contracts; therefore helping you to switch to a more attractive deal and upgrade any IT equipment that improves efficiency.

CONS

• Cost
  Moving office can be expensive business! There are migration costs to think about, as well as paying for essential advisory fees to get you in the right office space with the right terms. 
• Office Fit out
  The office space you choose will require designing and fitting out to your required specification – and this will need factoring in to your Moving Office Budget and Timetable.
• Unsettling for Staff
  Moving office can be an unsettling time for staff and this will need to be managed appropriately to ensure that positive messages about the office move are conveyed and everyone feels part of the process.
• Planning the office move
  Organising an office move takes a lot of pre-planning and dedication to make sure that it's executed on time and that business disruption is kept to a minimum.   There's properties to view, contracts to be read and scrutinised, budgets to be set, deadlines to meet - and all this requires the resources of someone within your organisation who has enough time to dedicate to the project and manage the entire process.

After weighing up the pros and cons, if you're decided that an office move is on the cards, make sure you plan for it correctly using the essential Moving Office Checklist.