Factors influencing an office relocation decision
Moving your company involves a careful weighing up of your business needs and a variety of different factors will come into play when thinking about an office relocation. Making your final choice on whether an office relocation is right for your business will require some careful consideration and a series of consultations with your moving experts.
Reviewing the terms within your commercial lease is the best starting point to see when your lease expires, or whether you can negotiate your way out of your office lease by way of break clause. You might also think about your office space requirements, what you can afford and whether now is a good time to take advantage of favourable market conditions. Have you reached your staff capacity in your current workplace or are you looking to streamline your operations? Our handy Office Space Calculator will help you to work out your current office space requirements but you will need to carefully reflect on your business growth projections to decide how future progressions will affect your need for office space.
Money is an integral part of moving your business and you will need to decide whether you have sufficient resources in your moving budget to afford the work space and subsequent fit-out of your new offices. Make sure your company is certain of the potential expenditures that a corporate relocation can demand, from migration costs, consultancy fees for property solicitors and removals firms and any IT or telecoms support on top of your new office rental fees and one-off expenses.
But aside from financial considerations, you need to think about how a new office can open up undiscovered opportunities for your business. A new location for your workplace can create new business connections and offer vital support for your business to reach the next stage of its evolution. Moving offices could be just your chance to shine!
For moving office resources to help you make a confident relocation decision, simply click on the links for more information.
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