Don’t miss a beat!
If you are a business owner looking for a new building or operating space, here are 18 things to keep in mind for tenant relocation. Expertly crafted by one of the teams here at Lee & Associates Orange, Hutak DeRousse, these questions can act as a checklist when considering the best move for your company’s growth:
1. Have you been properly educated on the current market conditions by an active agent?
2. Would you consider purchasing if the right building were available? If so, Have you met with a bank for pre-approval?
3. What major factors attracted you to your current location? Price? Functionality? Location? Amenities? Proximity to freeways, labor pool? Proximity to supplier’s, vendors, customers? Can you move away from these important factors?
4. Will your use restrict you to specific zoning with recent zone changes?
5. Will your use prohibit you from operating within certain cities? If so, which and why?
6. What do you anticipate to be your biggest challenge in finding a new or second location?
7. How long do you think it will take to identify a building?
8. How long do you anticipate it will take to move your facility?
9. What is your current lease situation?
10. Have you budgeted for carrying both your new and current lease during the transition and marketing time?
11. Does that fit into your “Best Scenario” timeframe? Will the move interfere with your “Busy Time” or coincide with your “Slow Time?”
12. Will you need to consult with other decision makers within or outside the company? Perhaps your suppliers, in terms of establishing needed permits?
13. Have you set aside a proper budget for the move? Have you set aside a proper budget for the move?
14. Have you received recent quotes from your service providers? Racking Co? Electrician? Moving Co? Are they within budget?
15. What is it about the last move that you liked or disliked?
16. Is there anything you would definitely change about your current location?
17. What is precipitation the need to move? Why do you need the space? Slow organic growth? Change in the business model?
18. Is what led to the need for additional space sustainable? Could a temporary, second location suit you better?
Final Thoughts
If you have any questions about relocating your company or finding that perfect property for your business or commercial real estate, contact us today! You can also keep us with us on Facebook, LinkedIn, Google+, Instagram, and Twitter.
And to find out more about Hutak DeRousse, please visit them at their website, here!
by Monique Lewis, Marketing Manager of Lee & Associates Orange
