The decision-making process of whether to stay or relocate your business can be complex and challenging. To help you make an informed decision, we have developed a detailed guide. This will help you consider all the relevant factors and make the best choice for your business.

Stay:

• Rental terms and market rents: How favorable are your current rental terms compared to the market?
• Economic situation: Is it a tenant's or landlord's market?
• Vacancy rate: How high is the availability of suitable locations?
• Future plans: Does your current location fit your long-term goals?

Relocate (Go): 

• Costs for equipping the new location: What investments are necessary?
• Surroundings: Does the new location offer advantages for your company and your employees?
• Expansion: Are you planning to expand, and is the current space sufficient for this?
• Rent difference: How will the new rent affect your cash flow?

Steps to clarify your decision to move

 

1. Analyze your current situation

check out your current office situation. Keep these things in mind:

• The space: Size, layout, and functionality of the office space.
• Rental conditions: contract term, rental costs, and flexibility.
• Location: accessibility, infrastructure, and location advantages.
• Facilities: Quality and condition of office equipment and technology.
• Opinion of employees and business partners: Obtain satisfaction ratings and feedback.

2. Set goals

Clearly define your short-term and long-term goals:

• Achievable goals: What goals do you want to achieve in the near future?
• Location advantages: Can your current location help you achieve these goals?
• Expansion: Are you planning to expand your business and is the current location suitable for this?

3. Consider employee needs

Your employees are a key factor in the location decision:

• Number of employees and office space: Use ourspace calculator at to determine your requirements.
• Home office frequency: How often do your employees work from home?
• Important location amenities: Parking spaces, dining options, fitness rooms, and other amenities.

4. Evaluate the office real estate market

Analyze the current and future office real estate market:

• Office space costs: Compare currentrental costs with potential new locations.
• Market trends and opportunities: Understand market developments to make a strategic decision.

5. Develop a cost-benefit analysis

Create a comprehensive cost-benefit analysis:

• Maintenance costs: Ongoing costs for the current location.
• Relocation costs: Direct and indirect costs of changing location.
• Impact on productivity and employee retention: Potential effects on morale and company loyalty.

6. Optimize office design

Improve your office design to increase employee attendance and satisfaction:

• Modern design: Invest in modern and well-equipped office spaces that create a pleasant working atmosphere.

7. Create a detailed implementation plan

Plan the implementation in detail:

• Schedule: Create a realistic timeframe for the move or optimization of your space.
• Budget estimate: Calculate all costs accurately.
• Involve employees: Actively involve your employees in the decision-making process.

 

Support for your decision

The decision to stay or go requires careful consideration of many factors. A thorough analysis of your current situation, goals, and needs is essential to making an informed decision that best serves your business.

Do you need help with your decision? Contact us! Our experts look forward to assisting you.