The best time to look for new office space depends on your company’s size, needs and location. There is no one-size-fits-all formula for determining when the search for office space should begin, but it is critical not to wait until the last minute. Commercial real estate becomes available at all different times during the year, so you don't have to be concerned with meeting any seasonal deadlines. Selecting office space for your upcoming relocation can be a very complex and unfamiliar endeavor, one that may take months or even years.
For most businesses, the stakes for choosing an optimal location are high. Settling on an office space in the wrong location could be costly to a business, while not accurately planning for growth could mean moving again in a few years, which strains both budget and productivity. The moving process itself can be expensive and time consuming, which is why it’s important to begin the search early. Office space costs are generally the second biggest cost to a company (preceded by employee costs), so it's important to spend enough time evaluating your needs and options.