Refurbishment versus Office Relocation: understanding your options
Office Refurbishment v Office Relocation
Many businesses fall under the false assumption that an office relocation is a costlier affair than refurbishment. Indeed, complacency can lead many companies to sign on the dotted line when they haven't fully considered how alternative offices could be better suited to their needs and future requirements.
This is where our office moving experts would advise liaising with the relevant property consultants and office space agents to confirm whether your present workspace is providing the right environment for you under the right leasing conditions.
In the same way as financial advisors encourage a consumerist approach to banking, shifting funds into an account that will garner the best returns, a timely office move could be highly rewarding for your company.
Staying put in your new office and choosing to refurbish instead requires a factoring in of office fit-out costs, office furniture and labour. It is also important to note that refurbishment can also mean upheaval and it is not always necessarily the less disruptive option as opposed to a relocation.
If your business is approaching the renewal process of your office lease, don't be cornered into accepting your existing terms for fear of moving costs mounting up. Be sure to explore your office relocation options thoroughly and reassess what your current lease offers you and whether the workplace is correct for your needs.
With the climate of the UK commercial property market adapting as the country emerges from the grip of the recession it is also valuable to note how these changes could affect your business.
Help Moving Office has three office relocation top tips for considering refurbishment versus relocation:
- Research - Don’t tie yourself into existing leasing terms without assessing other options.
- Preparation - Ensure you take a pro-active approach to your company’s move and don’t be caught out by changing conditions.
- Help - Seek help & guidance from office relocation experts.
For further information on this topic refer to the Tenant's Guide to Office Design.
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