The decision between moving, extending your lease, or subletting requires careful consideration and depends on your needs analysis. Here are some aspects you should consider to make the right choice for your business.
Relocation
- Changes in working methods: If your company's working methods are changing fundamentally or you want to expand into another region, relocation may be a good idea.
- Space requirements: If your current office no longer meets your space requirements and you need a larger space, relocating may be the best solution.
- Location advantages: Relocating offers the opportunity to choose a location that better suits your company's needs, whether in terms of customers, talent acquisition, or industry presence.
Lease extension
- proven environment: If your current location is ideal for your business and no drastic changes are necessary, extending your lease could be the perfect option.
- Cost efficiency: Extending a lease can often be more cost-effective than moving, especially if no significant changes are necessary. However, you must bear in mind that extending the lease may also require renovation work in your office to improve your working environment.
- minimal disruption: Extending the lease minimizes disruption to business operations by avoiding the relocation process.
Subletting
- Flexibility: If you temporarily need less space or want flexibility in terms of your office space, subletting could be an option.
- Cost reduction: Subletting may allow you to reduce costs by using unused space for other purposes.
- Opportunities for cooperation: Subletting opens up potential opportunities for cooperation with other companies, which can lead to a dynamic working environment.
It is important to consider the individual needs, goals, and financial considerations of your company in order to make the best decision for your office location. Our experts can assist you with a thorough analysis and advise you on further decisions.
What can Larbig & Mortag do for you?
As an experienced and reliable partner for commercial real estate, we are happy to advise you on designing the ideal office for you. We support you in deciding between relocation, lease extension, or subletting, design efficient office concepts, and integrate innovative technologies. Our experts take your individual needs and goals into account to offer tailor-made solutions and promote your business success.
