For new businesses or established businesses that want to expand to a new location, there are number of things to consider before making a decision. Relocating an office can be very expensive so it is important that you pick an office space that fits your company’s current and anticipated future needs. Depending on your type of business, the location of your new office can be integral to your long-term financial success.

If your business is regularly expanding and hiring new talent, it is important to be close to major metropolitan areas with world-class universities and colleges. A small office in a cozy urban neighborhood can also be an advantage if you are trying to recruit, young, upwardly-mobile professionals. This kind of office may also be an advantage if most of your customers are nearby. A simple method to pinpoint a good area for relocation is to use pins on a map to identify where your customers are located. This can help you decide which neighborhoods would be suited for your business.

For some businesses, an office in a downtown office tower may be preferable. These kinds of offices are usually centrally located which is good if you do a lot of sales meetings with customers at your office. They tend to be more expensive than other types of offices, but they come with prestige and a level of respect that may be useful in marketing your company’s products and services. If your employees are spread out throughout a large metropolitan area then a centralized downtown location could prove to be most popular with your staff.

The least expensive option is locating in a suburban office park. These kinds of office parks are often located near major highways and transit routes which can be beneficial if you conduct businesses across your metropolitan area. The difference in price between an urban and suburban office can be substantial. If you are planning on expanding your business in the future, an office park has the added advantage of making adding extra office space much easier.

Some businesses have found that having their employees work from home and then only checking in at once a week is a great way to save office space costs. Telecommuting is a business trend that is expected to continue to grow as video teleconferencing, internet service and hardware costs continue to decline. This may be something to keep in mind when relocating your office, as you may not need as much space as you think.

All of these factors should be considered when relocating your office. If you aren’t sure which neighborhood or office complex is the best fit for your business you should contact a local commercial real estate company or an office relocation specialist to analyze your business needs and provide you with the best solution. Utilizing the expertise of someone in the real estate or office relocation field may initially be expensive, but if it helps you make the right decision it could save you time, money and a lot of hassles in the future.

Author Bio: Lorne W. MacInnes is a managing partner with Ferguson Moving and Storage. Ferguson Moving & Storage are a Vancouver Movers that specialize in Office Moving. http://www.fergusonmoving.com

Category: Business
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