Considering an Office Move?
With Christmas fast approaching, we'll soon find ourselves in a new year, when many companies will be rethinking their real estate strategy and budgets. If your office lease is up for renewal or you have an option to break, you may be considering an office move in the following year, in which case you'll want to weigh up your options carefully to make sure you make the right informed decisions for your business.
Whether you're expanding, would like more amenities, need more storage or office space; there are many reasons why a business embarks on an office move. But before you take the plunge, make sure you give careful thought and consideration to your business requirements and think about what aspects of your business might be affected by a company relocation.
The current state of the commercial property market and the office rents being achieved indicates that it's still a "tenant's market", and with the right advice from a good Commercial Property Agent, you could end up paying a competitive rent with favourable lease terms. The availability of alternative office premises will also influence your strategy, but a conversation with a local Commercial Property Agent will enlighten you with the choices of office property currently available that fits your size and budget aspirations.
To help you find the ideal office space, work out your size requirements and use the Office Space Checklist to determine what facilities and aesthetics are important in order for your business to perform effectively. Define your timeline and budget as these will be key drivers for your Property Agent to shortlist the right properties for you to view.
If you're happy with the location, lease terms and the rent you are currently paying, think about your current workplace and whether it could be reconfigured and/or refurbished in any way to improve the layout, acoustics, communication and lighting etc. A quick and strategic way to assess this is to ask an Office Fit-Out Company to carry out a Workplace Appraisal.
If you do decide to move office, it's important to be aware that several areas of your business may be affected by an office relocation:
- Fiscal considerations - more / less real estate costs & migration costs
- Staff - adapting to change; the new location, different layout, infrastructure & processes
- IT Requirements - will your existing IT infrastructure be suitable in the new workplace?
- Business Phones - an office move is a good time to review, and/or upgrade your telephone system
- Clients - win some/lose some in the new location
Make sure you use the Moving Office Checklist to guide you through the process and ensure nothing gets missed.
Wherever you are in your office move process Help Moving Office has the information you need to plan your office move properly.Start Planning
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