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What to keep in mind when changing business locations 

On Behalf of | Apr 27, 2022 | Blog |

Your business has been going from strength to strength over the last few years. You started out on your own, and gradually recruited some key members of staff to support you. Now, it’s time for the next expansion. You have big plans for the coming years, and a new office space is needed to facilitate this. 

What are some of the key factors you need to consider when acquiring a new office space? 

Does the environment need to be customer friendly? 

Depending on the type of industry you’re in, the importance of aesthetics will differ greatly. Is your office only for workers, or will you be greeting customers every day? 

If you are inviting customers to take a look around, then you might want to consider somewhere with a reception area. You need to think about access to restrooms, parking availability and the overall feel of the building. 

In a customer-facing environment, your office space says a lot about your company, and it can either detract from or protect the reputation you’ve worked so hard to build. 

Will you be able to stay? 

Another factor that warrants consideration is the commercial lease. If you’re not in a position to buy a space outright, then you are going to have to rent. 

What sort of deal is on offer? Is the lease short-term, or does it grant you a few years of security? Will there be rent rises each year, or have you secured a steady rate? Is there an option for you to renew the lease at the end of the tenancy? Whatever lease is on offer, you need to make sure it matches your business needs and offers both you and your staff some stability. 

There are many important factors to consider as you pursue your new office space. Make sure you’ve looked into your legal rights in terms of commercial real estate.