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Office movingIs an office relocation in your future?

THINKING OF A MAKING A MOVE?

ASK THESE QUESTIONS TO GET STARTED

What must we have?

What would be nice to

have?

What is not necessary?

How much will it cost?

WILL YOUR ORGANIZATION GET A NEW ADDRESS?

WHY SOME BUSINESSES PACK UP AND LEAVE

Improve quality of life

· Recreational opportunities

· Education

· Crime rates

· Healthcare

· Weather

Find labor

· Discover talent

· Create space for additionalteam members

Enter new markets

· Expand geographic location

· New city, new perspective

Increase cash flow

· Move to a less expensive location

Learn more about why businesses choose to move.

LOAD UP THE MOVING VAN

TO UNLOAD THESE BENEFITS

Show clients and would-be hires your company is:

· Successful

· Determined

· Energized

Experiment with your new space:

· Open working spaces

· Acoustic rooms

· Hot-desking areas

Reflect brand and company culture:

· Show your team (and clients) the love

· Inspire employees

Improve your bottom line with the potential for:

· Tax breaks

· Incentives

Find out more about what an office relocation can do for you.

LOCATION, LOCATION, LOCATION

HOW TO CHOOSE THE RIGHT OFFICE SPACE

Determine your needs

· Brand imageDoes the space mirror your company’s style?

· Exposure and accessibilityIs the location easily accessible?

· CompetitionWhat other businesses are nearby?

· DemographicsDo customers and potential employees live nearby?

· Future growth potentialIs there room to grow?

· SafetyWill customers and vendors feel safe coming and going?

· Building infrastructureCan the building handle your company’s electrical, climate and IT demands?

· Utilities and other costsHow much will utilities, cleaning services, insurance and parking cost?

· ZoningWhat are zoning regulations?

1

· Be aware of hidden costs- Renovations - IT upgrades- Decorating - Business interruption

· Determine your tax responsibility

- Income - Sales - Property

· Find out the minimum wage

· Determine if your business qualifies for economic incentives

2 Evaluate your finances

Learn more about choosing the right home for your brand.

Reasons to buy:

You’d be a better landlord than your current one

You can better control expenses

You will be able to improve your ROI

You change locations often

Increasing rents, common area maintenance costs and moving expenses may be better invested in a place of your own

Your company is hard to move

You have fixtures and equipment that are difficult to relocate

You’re tired of paying rent

Buying a place of your own is an investment

Reasons to rent:

You have big changes in your future

· Relocation· Expansion· Downsize

You’re already in a central business district

You can call the landlord if something breaks

You enjoy the benefits of a full service lease

· Maintenance· Cleaning· Snow removal and yard care

You want to put equity back into your business

· Capital investment · Working on your company

TO RENT OR BUY?THAT IS THE QUESTION

Get more on renting versus buying.

Cut corners on cost

Fail to use available economic

development services

Miss important environmental or

regulatory concerns

Don’t plan for future expansion

Implement off-brand design elements that are gimmicky

and distracting

FRAGILE!

TAKE CAUTION TO AVOID THESE COMMON MOVING PITFALLS

Explore more moving pitfalls here.

Take care when searching for your new work space to find the

perfect home for your brand.

You may reproduce and distribute this infographic in its entirety. You may not create derivative works. (Licensed under the Creative Commons: http://creativecommons.org/licenses/by-nd/3.0/)

Sources:

1. “10 Things to Consider When Choosing a Location for Your Business.” Entrepreneur. Entrepreneur Media, Inc., 20 May 2015. Web. 26 Apr. 2016. <https://www.entrepreneur.com/article/244866>.

2. Creed, David. “Should You Buy or Lease Space For Your Business?” Business News Daily. Purch, 2 May 2013. Web. 26 Apr. 2016. <http://www.businessnewsdaily.com/4424-buy-lease-office-space-business.html>.

3. Henrick, Mark. “How to Relocate Your Business.” Entrepreneur. Entrepreneur Media, Inc., n.d. Web. 19 Apr. 2016. <https://www.entrepreneur.com/article/81406>.

4. “Movin' On Up: Why Relocating Offices Doesn't Have to Suck.” Business.com. Business.com, 10 Apr. 2015. Web. 19 Apr. 2016. <http://www.business.com/administrative/office-relocation-positives-to-moving-your-business/>.

5. Parsons, Lee. “Feng Shui & Fuzzy Feelings: Creating Company Culture Through Office Design.” Business.com. Business.com Media, Inc., 6 Feb. 2015. Web. 25 Apr. 2016. <http://www.business.com/company-culture/how-to-create-a-sense-of-company-culture-through-office-design/>.

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3 Discover the business climate in your new neighborhood