Wednesday, 01 June 2022 12:14

Top Signs It’s Time to Move Offices

Commercial Real Estate Transaction Management for Moving Offices

The office is the hub for day-to-day operations. The wrong office can have a hefty impact on the overall business model. There are a few signs that your office is no longer serving the business’s needs and it’s time to move. Keep reading to find out of it’s time to hire CRE transaction management to move offices.

The Benefits of Moving

Moving offices can seem like a stressful endeavor, but there are several benefits to doing so. And with commercial real estate transaction management services, you’ll have the negotiations covered and you’ll be able to move into a new space without a hassle. Not only that but reorganizing your operation in a new space can act as a great motivator for your employees. They’ll feel refreshed and rejuvenated, free from the sense of feeling cramped in their old space. Additionally, a new office space can offer the opportunity to grow your team and expand your business.

Here are the top four signs you’re company is ready to move into a new space.

The Office Space is Too Small or Too Big

Outgrowing your space will provide you with the most obvious signs it’s time to move your team into a bigger space. If you notice your space is overcrowded with desks and equipment, it’s time to move.

Be on the lookout for signs that point to a lack of space, such as overbooked meeting spaces or a shortage in storage. Even if you’re not entirely there, it might be a good idea to already start looking for space to grow. Preparing for this ahead of time and deciding to move your company with the help of professionals will save you a headache down the line.

On the flip side, it’s important to recognize when your company has too much space. This is another one of the signs that it’s time to move your business. Figuring out exactly the square footage you need at the moment and the potential you need for the future can help you even save money in the long run.

Local Client Base Has Moved

If you regularly host meetings with clients at the office, it is important to be in close proximity to them to make the most of the space. If you notice your clients are moving further away or the local area is no longer serving you, it may be time to make a move. Finding the right location for your office can make a world of difference to everyday operations and the flow of business.

The Cost is Not Worth It

It is also worth looking at the rental fees that you are paying for your commercial space. Are you getting a value for money deal from your current property manager? Are your current rental fees market-related? Could you be getting a better deal somewhere else? These questions can help guide you into deciphering whether a move is necessary.

If the rent you’re paying isn't equating to the benefits you’re getting from the space, it is time to reconsider. Commercial real estate transaction management services will help you land the best deal on the market for your needs.

Culture Shifts

The space you operate in plays a major role in the culture of your organization. Your office culture will thrive in the right workspace, but the wrong space can be detrimental to productivity.

For a variety of reasons, the modern workforce is gradually shifting to working remotely or in hybrid models. You may be tempted to go completely remote and get rid of physical office space altogether. This can work for many companies, but be careful when throwing away all your real estate. A collaborative space may just be what your company needs to thrive.

Ready to Move into Your New Office Space?

If you’re ready to move offices—or re-negotiate your lease at your current space—contact us today at Lavoro Consulting. With more than 20 years of experience, we are your one-stop shop for all CRE transaction management services.

Our services are designed to fit completely within the needs of each client we work with. We will manage and coordinate your commercial lease agreement through initial design to fit-out. We are proud to offer on-demand, customized commercial real estate transaction management services.

If you’re ready to find the right space at the right price for your business, schedule a consultation today.