There are many reasons why businesses undergo an office relocation. Perhaps they’ve outgrown their current space or their amenity requirements have changed. Their lease might be coming to an end and rather than just renewing, they decide to look at alternative offices. To help you prepare for a potential move, here are 5 things to think about when considering an office relocation…
5 Things To Think About When Considering An Office Relocation
01. Costs
For most businesses, cost is one of the primary factors in any big decision. Not only do the office costs need to be considered but any moving costs too. Moving from one leased office to another, with all of your furniture and equipment, can come at a significant cost. Moving from a leased office to a serviced office has far lower to no moving costs as all furniture is included.
In terms of ongoing costs, switching to a more flexible office solution can be more cost-effective. This is because it is much easier to scale your requirements up and down as lengthy commitments aren’t necessary.
02. Commutes
If you are considering an office relocation to another part of the city, how might this impact your employee’s commutes? Is the new location easily accessible? Are there convenient public transport options in the area? Is parking available and at what cost?
03. Growth
Can the new space accommodate rapid growth or business expansion? Is it possible to scale up your business operations over the next 1-5 years in this new space? Should more employees choose to adopt hybrid working, is the agreement flexible?
04. Local Neighbourhood
Is the proposed office in an attractive area? Are there cafes and restaurants nearby for your team to utilise outside of work? Are there outdoor spaces or parks? Having an office space in an appealing area can help foster a better work-life balance as employees can make the most of their time before and after work.
05. Culture
Lots of people don’t like change, particularly changes that are entirely out of their control. Can your current company culture be replicated (or even improved) with this office relocation? Are the same or additional amenities available? An office relocation can be a great way to start new initiatives to help keep your teams engaged. Moving to an office with a rooftop terrace or outside space can create opportunities for new events or team-building activities.
At Love Mondays Office Space, we are Office Space experts. We’ve over a decade of experience in the industry and our entire purpose is to help businesses find spaces where their teams love to work. We can help you find a new office space that ticks all of your boxes and also help you negotiate the best price possible. Our service is entirely free and we are independent advisors. We are not employed by any of the buildings that we recommend. To discover some potential office spaces in your area that suit your requirements, just fill out the form below and we’ll be happy to help!
