- By Miles Liesching
- 25th Sep 2023
Should You Refurbish Your Office or Relocate
Office spaces are more than just four walls – they are dynamic environments where ideas flourish and productivity thrives. But what happens when your current workspace starts to feel stale? Should you invest in commercial refurbishment or take the leap and relocate altogether? Both choices come with their own set of advantages and drawbacks that must be carefully weighed up before making any decisions.
In this blog, we will explore the pros and cons of both options so that you can make an informed decision on whether to give your current office a face lift or pack up and move on.
Do you have a good deal on your lease or could you get a better deal elsewhere?
One crucial factor to consider is the deal you have on your lease. If you currently have a great deal on your lease agreement, with low rent and favourable terms, it may make more financial sense to invest in refurbishing your existing office rather than seeking out a new space.
However, it's essential to explore whether there are better deals available elsewhere. The real estate market is constantly changing, and what was once a fantastic lease agreement might now be overshadowed by better opportunities elsewhere. By exploring other locations and potential spaces, you can evaluate if relocating could provide not only cost savings but also other benefits, eg. improved amenities or access to a different customer base. It's important not to become complacent with an existing deal solely based on comfort when there might be more advantageous options just around the corner.
Have you got enough space to expand for future business plans?
As your company grows and evolves, it is crucial to have a workspace that can support these changes. Refurbishing your current office allows you to maximise the existing space and make necessary modifications for expansion. This option provides the advantage of familiarity and convenience, as employees do not need to adjust to a new location. However, limited square footage may hinder growth potential in the long run.
On the other hand, if your current office lacks sufficient space for future business plans, relocating may be a more suitable solution. Moving into a larger space gives you the opportunity to design a layout that aligns with your vision for growth. It also allows for better organisation and optimisation of workflows, potentially leading to increased productivity among employees. A new location can provide fresh energy and inspiration for both staff and clients whereas moving operations can be disruptive in terms of logistics, client relationships, and employee morale.
Do you need to downsize to facilitate new working formats?
Downsizing, as a result of the trend towards remote / hybrid working and the rise of hot desking, has become increasingly popular among businesses. With employees no longer required to spend every working day in the office, it's clear that companies are paying for space they simply aren't utilising. By opting for this way of working and implementing a hot desk policy, businesses can reduce their real estate costs significantly. Not only does downsizing facilitate cost savings but it also promotes a more flexible approach to work that has been shown to increase productivity and employee satisfaction.
Downsizing doesn't necessarily mean sacrificing collaboration or team cohesion. In fact, it can encourage organisations to adopt new strategies that enhance teamwork and communication. With open floor plans becoming the norm, downsizing allows companies to create collaborative spaces where employees can come together when needed. By focusing on creating functional shared spaces rather than individual workstations, businesses can foster a sense of community among employees who are no longer bound by traditional desk setups.
Does a change of location offer new business opportunities?
When considering whether to refurbish your office, several factors come into play. Refurbishment can provide a face lift to outdated spaces, making them more attractive and functional for employees and clients alike. However, it's important to assess whether this will truly benefit your business in terms of increased productivity or attracting new customers.
Relocating, on the other hand, offers the potential for discovering untapped markets or reaching a broader customer base. A shift in location can often bring you closer to target demographics or competitors' headquarters, creating new networking opportunities or partnerships that were previously inaccessible. Moving into a vibrant commercial area may attract more foot traffic and visibility for your business.
While refurbishing an office may improve the current working environment, its impact on generating new business opportunities might be limited. If you're seeking growth beyond cosmetic changes, relocating might be worth exploring as it opens doors to fresh ideas and innovation that could propel your business forward.
Does your existing office space best represent your brand or company culture?
When considering whether to refurbish or relocate, it is essential to evaluate if your existing space truly represents your brand or company culture. Your office should be a reflection of who you are as a business and the values you uphold. A well-designed and personalised workspace can not only enhance employee productivity but also leave a lasting impression on clients and visitors.
Refurbishing your current office allows you to make necessary updates while keeping the familiarity and location intact. It gives you the opportunity to modernise the space according to your evolving needs, without disrupting daily operations or losing valuable employees during a relocation process. By revamping the layout, adding new furniture, incorporating branding elements, or implementing technology advancements, you can transform an outdated workspace into a vibrant environment that promotes collaboration, creativity and well-being.
On the other hand, relocating offers a chance for a fresh start and may be necessary if your current space does not align with your brand vision any more. Moving to a new office not only allows for greater flexibility in terms of size but opens doors for customisable designs from scratch. A completely redesigned workspace can communicate innovation and progress while attracting new talent eager to join an organisation that prioritises its work environment.
Weighing the factors to make an informed decision
The decision to either refurbish your office or relocate is not one to be taken lightly. It requires careful consideration of various factors such as cost, time, and the specific needs of your business. Refurbishing can be a cost-effective option that allows you to maximise the potential of your current space. On the other hand, relocating may offer opportunities for growth and a fresh start. Ultimately, it is essential to weigh these factors and make an informed decision that aligns with both your short-term goals and long-term vision for your business.
Westcountry Group is the go-to company in the south of England for refurbishment and relocation services. With our expertise and experience, we can provide you with the information and guidance you need to make an informed decision on whether to refurbish or relocate.
We have managed a number of office refurbishments, and here is what our customers had to say: https://www.westcountrygroup.com/commercial/our-work#studies.
Our commercial interiors service will transform your workplace into a space you'll love!