You’re locked into this space for a while, so it’s crucial that it meets a majority of your needs. Under this model, you will likely pay a monthly fee for your space, which will also often require a multi-year lease as well. The traditional route is the classic leased building. ![]() Nowadays, there are plenty of different ways to rent office space. Take into consideration all the services you need to run your business smoothly and put them on the list to check how the new place compares to your current infrastructure. Assess all your current expenditures and compare them against the new office location. More importantly, you need to know in great detail how the new office will address your pressing business needs. You’ll more than likely call your new office home for the next few years or decades, meaning that you should carefully consider your motivations and needs behind the relocation. Planning an office move is a critical business decision, so of course it shouldn’t be taken lightly. In the real world, there is no place that offers only advantages, no matter how perfect it might seem. Take your time and compare the advantages and disadvantages of each location. Not all locations are created equal and not all of the available options will fit into your sometimes limited budget, so you will want to gather and pore over a varied list of possible office locations. You should also discuss the move with your stakeholders, including investors and employees, so you need a broker who is able to present multiple locations for consideration. Some businesses can rarely have a detailed look at a space for lease without a broker unless you are part of a large company or corporation. Moreover, some landlords work only with real estate brokers, limiting your options. On some occasions, you’ll be able to find a suitable office location on your own, but it can be quite a challenging and time consuming process. Each company’s needs will be slightly different, so consider the ways in which your business will have to adapt to a new area and space.Īfter you have taken all of these factors into consideration, you should start looking for a reliable broker or business real estate agent to help you along in the process. Draft your business development and expansion strategy with expansion in mind, noting new hires and space requirements that you might need over the next several years. Understand your brand’s public perception as well as the feel of the neighborhoods you’re considering, assuring that it makes sense for you to relocate there. Their satisfaction should be one of your top priorities. Many businesses end up moving for ease of accessibility, so both your clients and employees need to be able to access your new location. Begin with the big picture stuff, including the general area in which you plan to settle, lease stipulations and employee needs. In the early stages it doesn’t need to be completely concrete, but the details of your strategy should become clearer as the move draws nearer. ![]() Long before you begin packing up, you should start assembling your relocation plan. To make your move a little simpler, use our office relocation project plan (and download it as a spreadsheet) to guide you through the entire process of moving an office, from planning to unpacking. Whether you’re moving because of rapid growth, a better location or market reach, it’s too easy to get lost in the sea of paperwork and cardboard boxes that pile up during this process, all while you still have a business to run. It’s never an easy decision to make, but many businesses have to move to a new space at least once as their needs change. Moving is a normal part of life, but that fact doesn’t make it any less stressful.
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