Is It Time to Move into a New Commercial Space?

Is it time to move to a new office? Your business is thriving, with new clients coming and more employees joining the company, you may be wondering if it’s finally time for a big change. You’re on your way towards greater success. Are you ready to move to a new commercial space? 

Moving to a new office space is an expensive and stressful experience, so it’s not a decision to take lightly. Think about it. Below are some factors watch out for before you move to a new one.

1. You need a more sophisticated, modern office.

Going to the office is more than just doing day-to-day paperwork. The appearance of your office speaks a lot about your company. When it comes to bringing in new clients, interior design matters a lot. You may not be able to invite potential investors in for meetings if you’re not proud of your workplace. 

Old, dated, dull and dingy spaces are absolute turn-offs even for the best job candidates. It offers a glimpse of your company culture, as well as your ability to innovate and progress with the times. 

Some spaces can be renovated, but sometimes, it may be more cost-effective to move. Of course, apart from the overall appearance of your building, you also need to take into account the surrounding areas, from the road conditions and landscaping to the neighborhood reputation. If you feel like the location is scaring important people away from your office, then it’s time to find a new commercial space! 

2. Your office location is slowing down your company’s growth. 

How far is your current office space from the city and big neighborhoods? Are you in the dead center of heavy traffic? If it is, then it’s too inconvenient for potential clients and employees to consider. 

Heavily trafficked commutes are taxing to your people. Just imagine one of your technical specialists finally arriving at work after two hours of commute. The stress can affect his work, and soon, he may consider moving to a new company entirely. 

When looking for a new commercial space, consider where most of your target clients and employees are located. Your staff would surely love working near banks and restaurants. Moreover, research how well your industry is competing in that location. If competition is too high, you may struggle to grow. 

3. Contemplate where you can save money. 

Money – the most straightforward reason to consider a move. Some company owners don’t realize that they are currently paying thousands of dollars for amenities they don’t really use. Are you one of them? If yes, it’s time for the big move. 

Be on the lookout for commercial spaces with affordable rent. Figure out where you can find the best deal. Once you find a good location, don’t sign the contract too quickly. Research on the area first, and calculate the cost savings. 

Tip: Moving to a bigger office means buying new equipment and tables. Consider used cubicles and furniture pieces so you can save more. 

4. Your current office space has an awkward layout, affecting your company’s growing departments. 

An office space with a poor design won’t allow you to effectively organize departments. Even if it’s spacious enough, you may still need to move to another office if the layout doesn’t fit your needs. It wouldn’t be able to handle unexpected department growth. If its layout makes it hard for different departments to communicate easily, it’s best to move to a new office.

Your workspace’s layout can have a major impact on the morale, productivity and efficiency of your employees. These factors can eventually impact your business success. Make sure to look for an office that is perfectly designed for your business goals.

5. You need more space.

Aside from expensive rent, running out of space is one of the most common reasons companies move. At times, reorganizing and renovating is all you need to do to free up some space, but there are instances that it just wouldn’t work. Even if you digitize all the files, get rid of old equipment and clear out unnecessary cabinets, the area is still cramped. 

When looking at potential commercial spaces, keep in mind your business’s long-term growth plans. Find an office that you can grow into while sticking to your budget. 

Looking for a New Commercial Real Estate Property to Invest In? 

Reach out to Lovely LaGuerre today at 702-340-7384 or email Lovely@Lovelysellsvegas.com to make an appointment. 

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