Why do I need help relocating my company in the Triangle?
The time required to manage a corporate relocation is often times underestimated. Commercial relocations will require more than just a phone call to the mover. When a move is not properly planned for companies spend more than is necessary on relocation related services, experiences operational downtime, is more likely to miss their move-in date, and unfortunately loses revenue.
What are my responsibilities at the end of my lease?
Verify the Required Condition of the Property: Closely review the lease and coordinate a meeting with the property manager to verify what the required conditions are once vacated and compare with lease requirements.
Audit and Review ALL Equipment, technology, furniture, fixtures, etc. need to be removed and/ or recycled: Can you still utilize it? Is this an asset or a liability? What is the value of the items? Should it be recycled? Take a thorough inventory of your current assets. Then, meet and make decisions based on your budget, employee needs, and the size and floor plan of your new facility.
Cabling Wrecking/Removal: Typically required by most leases. Whether it’s for voice or data purposes, it all needs to be removed. Can you imagine how many thousands of feet (maybe miles) of cabling may be running through your office?
Space Adds or Changes: Adds or changes that were made to the facility upon the company occupying the space may include; changes paint colors, HVAC modifications, etc. Dependent upon lease terms, these changes will need to be brought back to their original state.
Make Repairs: Any small or large repairs need to be completed prior to the lease commencement. The items may include: dry wall repairs, window repairs, carpet cleaning, sign/branding removal, etc.
Clean Everything to a Perfect Condition: Often times, lease terms may call for “Broom” clean conditions when vacating a facility. It is important to have the entire space professionally cleaned and brought back to a “white-box” state.
How does Relocation Strategies ® help Commercial Real-Estate Brokers?
If a company is apprehensive about relocating/expanding due to cost, Relocation Strategies® can compile a consultative budget to give them a realistic understanding of the costs involved in relocating. This allows the decision to relocate to be more simplistic and cost effective.
When a company has decided they are relocating without question or they are in a situation when there is no option but to relocate, Relocation Strategies® can provide Consultative services including but not limited to; budget, timeline, pertinent vendor roster, execution strategy and overall process blue-print. This provides the decision makers within the company peace of mind and allows them to take a “hands-off” approach to the overall process.
In certain situations, companies will be torn between the decision to either relocate or remodel (i.e. re-carpet, re-paint, purchase new fixtures, etc.). This decision usually comes down to budget and loss of production. With Relocation Strategies® consultative services, we can perform an operational analysis to determine what the costs/budget will be as well as production impact for both scenario’s and allow the company to decide which option is in their best interest.
Overall Service Offering:
The general idea that Relocation Strategies® services allow our broker partners to present a more complete suite of services. This “one stop shop” mentality (even though we are technically a separate partner) allows brokers to infiltrate deals and opportunities that they may not be able to attain if they were simply providing lease/buying services. The commercial real estate industry is incredibly competitive, and any advantage one broker may have is vital to their success.