Is it time to expand my office space?
As a business owner, many of the decisions you make on a daily basis will have a significant impact on the long-term success of your company. However, while the day-to-day decisions are important, it is the occasional major decisions that will make or break your business.
One of the biggest decisions you can make when leasing commercial real estate in South Florida is whether you should stay in your current space or look for new office space for lease and warehouse space for lease. Before making any decisions, there are several considerations to think about.
Cost to stay vs. the cost to move
There are significant expenses associated with moving from one location to another. In addition to the cost of buying new furniture and paying a moving company, there will be downtime while your employees are unable to utilize the office. Before making your decision, try to determine exactly how much the move will cost, and decide if it is worth it.
Logistical benefits of staying vs. moving
Another factor to consider is the logistical pros and cons of each location. Do you need to be close to freeways, train stations, airports, and seaports? How much closer or farther away will your office be if you choose to move? The answers to these questions should inform your decision.
Typically, when moving to a new location, the new building will have better infrastructure. Access to high-speed internet, most cost-efficient lighting, and numerous other benefits can help offset some of the cost of moving.
Before making any decisions, you should always speak with a company that is known for reputable experience in property management in South Florida. Genet Property Group has been in business for over 20 years, and manages over 1.25 million square feet of commercial properties and industrial properties in Miami, Fort Lauderdale, and West Palm Beach. Call us at 954-572-9159.