Thinking of Moving Office? Review your Options
Is an office move the best option for your business? Make sure you explore all possible options available to you before you move office.
Moving Office? Reviewing your Options
If your company is considering moving office, it is important that you review your all the options available to you before deciding to upsticks and move premises. This is so that you carry out the necessary due diligence to ensure that an office move is the most profitable and viable option for your business.
Here are some of the options available to you:
Option 1 - Renew your Office Lease
This avoids any disruption to business and relocation costs. The limitations of this is that you may not be able to renegotiate any lease terms with the Landlord, and your office fit-out may be inefficient and "tired".
Option 2 - Renew Office Lease & Undertake Office Refurbishment
This does involve disruption to business and cost.
Option 3 - Move Office to New Building with suitable Office Fit-Out
Finding an office with a suitable office fit-out to match your business requirements is not easy. You will be inheriting the fit-out of the previous tenant which will not be tailored to your business. The advantages is that you can save money on office fit-out costs and occupy your office in a quicker timeframe.
Option 4 - Move Office and Undertake Office Fit-Out
This is the most time-consuming option and requires advanced office move planning. However, you will end up in an office that is tailored to your exact business needs and you can negotiate favourable office lease terms with a new landlord that are flexible and cost-effective for your business.
Once you've worked out your options, use the Moving Office Checklist if you've decided to move office to help you implement a more successful office move.
