Why would a Business Relocate?
Thinking of relocating your business? Here are ten reasons why most businesses choose to relocate to help reinforce your decision and make the right choice.
1. The need for more space
If your existing office property does not offer enough office space to fit your thriving business and expansion plans become unviable.
2. Reduce Operating Costs
In today's challenging economic times, this is becoming a common reason why many businesses choose to relocate. The cost of office rent, service charges and business rates are all rising and companies are looking for alternative office space in an attempt to reduce their office operating costs.
3. Better Location
Location is an important factor for any business; and both staff, clients and business partners need to be considered when planning an office relocation. If your business is also wanting to target new markets, then a new location may be essential to establish new business connections in a different location.
4. Better Facilities
Sometimes a business needs better office facilities (car parking, quality of the building, reception area, or IT infrastructure). Find out what office facilities you need to consider when looking for office space with the Office Space Checklist.
5. To Consolidate and/or Downsize
A business may have more office space then they really need and want to consolidate to smaller and therefore cheaper office accommodation. Find out how much office space you need.
6. Close to Suppliers
If your business requires close proximity to suppliers that are essential to the running of their business, then moving office closer to them may reduce transportation rates and offer better liaison between the parties.
7. Closer to Competitors/Similar Companies
Being close to competitors is a high priority for some businesses. Often there is a "hub" for certain business types where industry networking events often take place, so it can advantageous for a business to relocate closer to that cluster.
8. More flexible Office Lease Terms
Landlords are likely to be more flexible during hard economic times, and if your office lease ties you down too much, or limits your business and financial aspirations, it could be time to find a new landlord to negotiate more favourable office lease terms.
With people being at the heart of every business, companies need to be in the right location and in the right office space to attract the right calibre of employee.
10. Improve Quality
A fresh start is often what a business needs to reinvigorate staff, improve performance and affect the bottom line.
Thinking of Relocating your Business? Start using the Business Moving Checklist to help you organise a successful office move.
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