You have two options available when your office space is not inspiring and starting to look run down and depressing. You can stay where you are and refurbish your office or look for new premises that will suit your business. You will need to consider various factors to make the correct decision for your business, and it is one you want to take your time over deciding. Below you can see some of the things you must consider that can help you make the best choice for your business and create a fantastic workspace to inspire your employees.
The Overall Cost
You will need to weigh the cost of refurbishing your current offices against relocating to new ones. Unless you choose one of the serviced offices in Cirencester, you will need to pay for the fitting out of a new space if you relocate. Ultimately, refurbishing and relocating costs can be similar unless you move into a serviced office space, which is a cost-effective solution.
Consider How Much Space You Require
When your current office is starting to get a bit of a squeeze, it could make relocating your workspace a suitable option for your business. You must consider how much space your business requires to operate comfortably and ensure additional space should you expand. You may have the opposite problem and need to downsize your office space due to more employees working remotely. Consider the size of office space you require and always have one eye on the future and where you plan to take your business.
Your Office Lease
Your current office’s lease may be up for renewal soon, and this could be a catalyst for change for your business. Depending on the rate you can rent your office for on a new lease, it can be a more cost-effective option for your business to relocate. When you require a flexible lease, one of the best options is choosing serviced offices, but for stability and security, you may want to find a long-term lease for your business.
The Office Location
Location is important for many businesses, especially those that rely on foot traffic or need to be close to their clients. If your current location is ideal, refurbishing may be the best option. However, if you need to move closer to your clients or a more desirable location, then relocation may be necessary. Look at your location, and if it is ideal for your business and your employees, consider if it is worth changing it or not carefully before rushing into a decision.
The Impact On Your Business
You will need to consider the impact on your business when you have an office refurbishment while still using the space. It can make things uncomfortable in the office for a few weeks until they have completed the refurbishment work, affecting your business. However, relocating your company work can be done without disrupting your business, which may be an ideal option. Choosing a serviced office means there are no fit-out costs as it is ready to move into immediately, so this may be an alternative you should consider carefully for your business.
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