Are you considering moving your business to a new location? If so, you probably have a lot of questions about how to make it a worthwhile investment. These questions are a key part of the process, and you should make sure you explore all angles of renting a new place. Here are a 10 questions to consider that will help you make the best decision for your business, your staff and your budget.
1. Do you even need to move?
Before making any decisions, consider whether you really have to move or whether you could make your current location work. With a little maintenance, your current business location could be made better, and you could avoid the hassle and costs of moving. Depending on the nature of your business, you might even be able to work out of your home to further reduce costs.
2. What kind of space do you need?
If you decide moving is your only option, consider what you need out of a building. Think about space, amenities and other aspects of the ideal office and decide what items are must-haves and what you can live without
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3. How much money can you spend?
Before you start looking at properties, figure out what you can actually spend on office space and then find out if a move is possible. Depending on your financial situation, you may need to compromise on some elements or consider a different neighborhood.
4. Should you get professional help?
Finding office space can be time-consuming, especially when you are simultaneously trying to run a business. Hiring a broker can take some of the pressure off of you and increase your chances of finding the perfect space.
5. Is there adequate parking?
Think about the people who have to access your business on a daily basis, including employees and customers. Is there enough parking space for them? You may need to either make sure the parking is affordable for visitors or factor in the cost of renting parking spaces.
6. Is the location right for you?
Especially if you have frequent customers, you should consider if it is in the best location for those customers to access your business. If you own a store or restaurant, you may want to be in a place that gets a lot of foot traffic. Consider also how close you are to competitors.
7. Can the property grow with you?
As a business owner, you might have plans to expand at a later date. If this is the case, you should think about how well the space would adjust to your future needs. If you fail to consider this and move into a place that soon becomes too small, you will have to go through the hassle of moving sooner than you may have hoped.
8. Who are your neighbors?
It’s just as important to get to know who your neighbors are in business as it is in a residential setting. If you are nearby several other thriving businesses, you may be able to tag on to their popularity and gain more business because of your proximity to them.
9. How does the property look?
Appearance, especially if you frequently have clients and customers coming by, is very important for a business. Of course, you may still need to spend some money on improving the appearance of a place, but looks do matter.
10. Is it safe and accessible?
Ideally, you should be in a place where employees, customers and other visitors feel safe. Additionally, you should consider how accessible the space is to people with physical limitations.
If you can figure out all of these questions and still feel confident about the new office space you are considering, you are probably making a good choice. Putting in the time to make sure a move is a smart decision will pay off in the long run.
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