Do you have desks crammed into every conceivable corner of your office? Are boxes of inventory spilling out from your supply room? Are you having trouble hiring (or keeping) talented staff or keeping up with your bills as costs rise? If you answered yes to any of these questions, it might be time to relocate your business.
Making the decision to move your business is never easy—it’s a huge decision with wide-reaching implications for you, your staff, and for the business itself. Despite the difficulty, there are many reasons why a business might want or need to move to a new location, whether it’s within the same city, out of town, or even out of state.
In this post, we’ll take a look at 6 reasons why a business should or has to relocate to a new place, such as:
- Switching to remote or hybrid work
- Cutting costs
- Expansion
- Upgrading
- Labor and workforce issues
- Quality of life
Let’s unpack these reasons in greater detail.
1. Changing to remote or hybrid working models
In 2020, many companies had to abruptly make the switch to remote work and not everyone has made—or wants to make—the switch back. If you work in an office and much of your staff is working remotely all or some of the time, downsizing to a smaller space (possibly in a cheaper state) may be a practical choice that cuts costs. With less office space to fill (and pay for), you can continue offering flexible working arrangements, which may help you attract new staff and retain your current team.
TSI TIP: If you’re downsizing to a smaller office, office relocation specialists like TSI can help you coordinate your office move from start to finish. You’ll work with a personal logistics specialist to create a customized office relocation plan that fits your needs, whether you’re simply shipping office furniture or you’re transporting specialized valuable equipment.
2. Cutting costs
To that end, lowering operating expenses is often the impetus for a business relocation. Many small, medium, and large businesses opt to save money by moving to a location with lower rent or utility costs, fewer taxes, or even shorter commutes and lower cost of living. Some states and cities also offer tax breaks and incentives in order to attract new businesses that will improve their community. If your business is struggling with rising operating expenses, it might be time to consider relocating to a state with lower costs.
3. Expanding to a bigger space or new location
Expansion is one of the happier reasons a business may need to relocate, especially if you’re expanding to accommodate increased demand. If your business has grown and you’re getting more clients and having to hire more workers, you may find yourself struggling with a cramped break room, limited parking, and not enough storage or work space. Whatever the reason, if space is becoming an issue, you’ll likely need to relocate to a larger location in order to accommodate that growth and potentially capture new markets.
If you’re moving to expand, consider hiring a relocation specialist to help manage your business’s move. Relocation specialists like TSI can help coordinate every aspect of your move so you can focus on growth and supporting your staff through the transition.
4. Upgrading your facilities
Whether you are changing your services or the products you’re offering, or expanding production and introducing new product lines, at some point you may find that your business is in need of different facilities or infrastructure to maintain quality service and continue to grow. Moving to a new location that can accommodate your business’s changing needs.
5. Labor and workforce issues
Sometimes the market changes and you can no longer find the right employees to fulfill the needs of your business in your home town. Relocating to an area where it is easier to find the specialized workforce you need—such as near a university or a city known for a specific trade—can help address any difficulties finding these staff.
TSI TIP: Industries across the country are grappling with staffing shortages and difficulty finding talented, qualified team members. Instead of relocating your entire business, it may make more sense to cover the cost of relocating individual new hires, especially if your business can’t operate remotely. TSI’s nationwide network of professional movers can help your business relocate employees within your budget and timeframe. Learn more about our employee relocation services.
6. Quality of life
When it comes to reasons for relocation, it isn’t always about money—sometimes the most important factor for relocating is quality of life for a business and its employees. Moving from a part of the city, state, or country to an area that can offer better schools, health care, recreational activities, and other environmental factors can be a huge impetus for businesses that care about the wellness of their employees.
Conclusion
Relocating a business is a massive undertaking, but there are many worthwhile reasons to pack up and move, including:
- Switching to remote or hybrid work
- Cutting costs
- Expansion
- Upgrading
- Labor and workforce issues
- Quality of life
Relocating a business is a huge undertaking, from moving furniture and fixtures to transporting delicate technology and transitioning your staff. No matter how large or small your business is, TSI can help you manage the entire relocation process so you can focus on what matters most—getting back to business. Learn more about how we can help you relocate your office and your employees.
Get more advice on how to move your business:
- 6 Office Move Problems and How To Avoid Them
- 7 Critical Elements of Office Design to Consider When Moving Your Business
- How to Announce a Commercial Move in 4 Simple Steps
- 5 Important Safety Considerations for Office Relocations
- 10 Rules for Successfully Relocating Employees
Get a Quote for Your Office Move
No matter how large or small your office is, TSI will make sure your office relocation runs smoothly so you can focus on what’s important—getting back to business.
About the author: Stephanie Rosenlund is the Director of Strategic Solutions at TSI, the long distance move and shipment provider for thousands of businesses, families, and individuals every year. Stephanie knows all the tips and tricks to make your move or shipment simple and specializes in freight shipping and interstate relocations. In her free time, she loves exploring the world with her husband and two kids.
