The Office that Never Sleeps

Thinking of relocating your business to new premises? Here’s a list of NY Offices tips designed to help you with your business move.

Relocation Plans

When choosing new location for your office, consider access to local airports, sea port, public transport, mass transit, railway stations, etc.

Plan your move plenty of time in advance, especially since the move involves relocating employees, files, and office equipment. On average, if the office space area that you are planning to occupy exceeds 50,000 sq ft, it might take up to one year to plan and arrange the move.

When prioritizing the location criteria focus on two major factors. Is the new location in the area of possible tornadoes, tsunamis, floods, mudslides and other nature disasters? What are the crime levels in the area and is it going to be a secure location?

When setting the date for the big move, take into consideration the dates of large community events, such as festivals, parades, carnivals, sporting events. Just like massive road construction works, those can interfere badly with your moving plans.

Companies looking to relocate to Lower Manhattan are entitled to various tax savings and incentives programs. These incentives include Sales Tax Savings, Commercial Rent Tax Savings, Special WTC Rent Reductions and the Lower Manhattan Relocation Employment Assistance Program.

Office accommodation is one of the biggest expenses an expanding company has to consider. Every cent counts and negotiating the best deal possible can save your business enough to launch a marketing campaign or perhaps hire extra staff.

These are a few useful tips that should enable you to get more for less:

Tip 1: Evaluate the permitted uses of the leased space. Are you planning to expand in a few years time? Do you intend on subleasing any of the space to a third party? It’s advisable to ask for an option to be able to sublet the premises in case you have to downsize or move part of your team to another office.

Tip 2: How long is the lease for? It’s generally easier to get discounts and concessions if you plan on signing a long-term contract. However, in the current economic climate you may be able to successfully negotiate a short-term deal with bonuses that would normally only be available to long-term tenants. Always investigate lease renewal terms and conditions, especially if leasing short-term.