Planning your first office move? 5 key questions to ask
If you are considering your first office move, you will want to be sure that you get it right. Moving to a new location can be a costly endeavor and can make a big difference to the overall success of your business.
To help you make the right, informed decisions, here are 5 questions to ask yourself before committing to taking on a new office lease:
1. What are the market conditions like?
Assessing the market conditions means getting a better understanding of whether the type of office property that you are looking for is currently in good supply. Equally important, you’ll want to make sure that market rents are in the tenants favour (i.e. low!). It may be the case that it’s better to stay put and reassess your options than pay over the odds for another property.
2. Do we have the budget?
If you want your office move to have minimal disruption on your business, you will need professional advice and support from a removals company, a property agent and a solicitor. You will need estimates from these companies to make sure you have the budget to get the right advice you need. The cost of an office move may well work out for you cheaper in the longer term – particularly if you are paying less rent and on more favourable lease terms, but it’s certainly another thing you will need to weigh up.
3. What are the requirements?
Moving office is like moving house – you need a starting of what you are looking for before setting off on your search. This will include being clear about the size of space you need, your rental budget and other facilities and amenities that are important to your business. Use the Office Space Checklist as a starting point of what to prioritise when searching for the ideal space.
4. How will the business benefit?
Think about how your business might benefit from the move and whether it’s worth the upheaval of a relocation. Most businesses move because they need to - due to lack of space, costs or need for a better location, but it’s well worth checking your motivation to make sure you are moving for all the right reasons.
5. Who is going to organise the move?
An office relocation needs to be organised well in advance and follow the right process. Usually, someone within your organisation is responsible for planning and liaising with suppliers and providers, so make sure you have the internal resources. Otherwise, you may find that organising the move will take more of your important business time – in which case, it may be worth employing an Office Relocation Project Planner.
For more advice to help you plan your first office move, download this essential Moving Office Checklist.
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