Businesses commonly cite a multitude of reasons for relocating. These include:
Access to talent
Many employers are evaluating potential business locations to better recruit and retain younger, more skilled and specialized talent that can boost productivity. Employees looking for a better quality of life that includes lower cost of living, better education systems, the cultural environment, entertainment options, crime rates, healthcare services and the state of the surrounding area.
Reaching new markets
Business markets, like everything else, will change with time. Existing markets could flatten, and planning and implementing a growth strategy to move closer to a large segment of their market, or to establish a presence in a new market targeting a new customer base, can help develop significant growth.
Lowering costs/increasing cash flow
As businesses grow, they can find themselves in a position where their current location doesn’t offer the space and expanding facilities they need. Rather than investing the extensive time and capital to build new headquarters and upgraded systems, they realize the easier, more affordable option to become more competitive is to relocate.
The list goes on
While the decision to relocate your business could well be a smart move that could catapult your company to the next level of success, the best way to minimize risk is to work with an established commercial real estate consultant in the market you’re considering. That’s why even Fortune 500 companies forgo relying solely on internal real estate departments, and turn to commercial real estate consultants to help them navigate what is a time-consuming, complex process. Consultants who provide an invaluable edge, from listing access to contacts to proprietary market knowledge and analysis. From negotiating leverage to the nuances and legalese of contracts.
For unmatched guidance and expertise in helping you determine and execute relocating to The Woodlands or surrounding areas, call Foldetta Commercial. You want the best? It’s your move.