The benefits of office relocation

It’s no secret that relocating your office is a significant undertaking. An office move is an important decision, and requires careful consideration and planning to be successful. However, don’t be put off by the idea of all that upheaval and stress — while it certainly is no easy task, moving your business is also an exciting, progressive time, and will bring about many benefits for both your business and your employees.

Here are just some of the great opportunities and benefits that come with an office relocation:

– Innovative new ways of working

By relocating your office, you’ll be injecting some energy into your workforce. With a new space comes a new start, and a great chance to start implementing new and innovative ways of working. Rejuvenating your company’s working culture with new environment will boost morale, motivation and productivity. Moreover, upgrading to a bigger office space also gives you the ability to increase workloads and staff levels as your business grows.

– Company growth

Business expansion is the fundamental element of business success, and a huge benefit of relocating offices is the opportunity to upgrade and expand by taking on a bigger space that can accommodate more staff. More space and better space means it will be easier to grow and develop your workforce.

An office move also offers the chance to set up in a completely new location that better suits your business needs and gives better access to potential clients and collaborators.

– Cost savings

An office relocation is the perfect time to evaluate your financial outgoings and make significant savings. From utility tariffs to office equipment and facilities, go through all of your expenses and discover where you could save money or how you could get better value for money with upgraded services.

There is also no point spending money on more space than you need. Moving offices can be one of the simplest ways to reduce space-related costs. You could even choose to relocate into shared space rather than taking out a lease on a whole building. This solution has the additional benefit of meaning you would share the costs of services such as reception facilities with other businesses.

– Brand invigoration

Your office is more than just a workplace, it is how you showcase your company brand. The building, the location and the design all contribute to your brand’s identity and conveying your brand message, and help to attract new business and new talent into your workforce. Therefore, it is vital to keep your office space evolving as your business evolves. Moving offices gives you the ability to update your style and working environment as the market changes and you move in different directions.

From a complete brand overhaul to implementing innovative new ways of working, office relocations are the opportunity to revamp your organisation. Although there’s no way around the hard work and planning that comes with an office move, it shouldn’t be viewed as a stressful, time consuming necessary evil, but as a catalyst for change, growth, and renewed business success.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.