What are my lease-end options Find the answer

It's Time to Consider Moving Office

Having evaluated your responses, we think it's time you consider moving to offices that are a better reflection of your brand, your plans and your requirements.

Relocating to new premises creates opportunities to plan (strategically) for your future; however, a move is always accompanied by a few challenges, as there are a number of issues you need to consider, such as:

Location 

If you are looking for a new office, the first issue to consider is the ‘where’ question. Think about your team’s daily commute, as well as the proximity and accessibility of public transport hubs and the availability of parking spaces.

Think about your strategic goals - how important is it to be close to clients, partners and/or suppliers? Will your location say something about your company?

Size 

Size is also a critical factor; be realistic about how much space your business actually needs (allowing for future growth/or resizing), instead of the amount of space you think you need. 

Given the combination of smaller and more powerful computing equipment, electronic filing, hotdesking and choice of smaller desks, space per employee is now usually calculated at 80 sq ft. Remember, no longer do 100 employees require 100 desks. However, in addition to a desk, your team will need space for formal meetings and spontaneous catch-ups; areas to relax and quiet zones for thinking/working; a kitchen and perhaps even an area to shower and change out of their commuting clothes.

Today’s offices, therefore, often have to combine the efficiency of a contemporary workplace with facilities often associated with home.

Costs 

Beware of costs associated with moving, which might not initially come to mind, such as: 

  • Dilapidations: repairs required at the end of a tenancy/lease to restore the premises to its original condition
  • Fit-out costs
  • Communications: will you need to install/upgrade the internet connection
  • Commissioning a pre-acquisition survey will help you make informed decisions based on actual data concerning the fabric of your intended office, potential liabilities related to mechanical and electrical systems, etc.
  • Contractual obligations, such as break clauses, rent reviews and dilapidation agreements, as well as end-of-lease costs outlined in your current lease
  • Moving costs

Technology 

Today’s mobile technology allows everyone to work from anywhere at any time. 

It's changed how we work and how we plan our workplaces. This is good news for employers who want to reduce their empty desk rate and optimise the utilisation of (probably) their second-highest cost - the workplace.

Relocating to a new office is not something that many businesses often do, so it can seem daunting, disruptive and a huge burden, rather than an opportunity to start with a clean sheet and create a working environment that is efficient, practical, more indicative of the organisation’s culture and brand, and more productive.

Rush the process and you could incur unnecessary costs, as well as end up with a workspace that damages your brand reputation, your talent attraction/retention plans and your bottom line.

When planned properly, a new office could boost your plans, strategies and ambitions.

We know, because our clients tell us so.

Contact Us 

If you want to know more about relocating offices, complete the form to receive more information. For immediate help, please get in touch with us today.

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