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Posts Tagged ‘corporate relocation’

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America’s Fastest Growing Cities

America’s Fastest Growing Cities

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Fort Myers, FL is America’s fastest growing city, according to Thrillist. Big surprise, right? This was based on the reports from WalletHub, measuring 515 cities in the U.S. based on size and population.

In sum, the factors measured from these reports include population and economic growth. In this case, Fort Myers, FL took first place, followed by Midland, TX.

After analyzing the past 7 years of data, WalletHub concluded the study with a list based on a total of 15 different criteria. In addition to population growth, growth of median household incomes, housing prices, number of startups, and businesses moving to the area were measured. Declines were also taken into account, such as poverty rates and unemployment.

Why Fort Myers, FL?Tropical-Beach-Palm-Trees-Ocean-2-Chairs

Fort Myers, FL wasn’t always at the top of the list, according to the reports; it didn’t reach the top of the list until 2018. In 2017, the Mayor of Fort Myers, Randy Henderson, told the local News-Press the reason for the boom in economic growth was because of the efforts to attract private investment, build affordable housing for Millennials and young professionals, and update the city’s infrastructure.

Growth in Nearby Cities

Also experiencing high growth is Miami and Lehigh Acres (also on the list of top 15). It’s quite possible that the area in general is experiencing growth, due to the number of families and businesses moving to the same region.

Growth in Other States

What the cities on the list share in common is that many are in the same state. So it may be safe to say that not only cities are growing, but the states too.

Check out the top 20 list of America’s fastest growing cities:San-Antonio-TX-Skyline

  1. Midland, TX
  2. Pearland, TX
  3. Bend, OR
  4. McKinney, TX
  5. College Station, TX
  6. Lehigh Acres, FL
  7. Mount Pleasant, SC
  8. Enterprise, NV
  9. Irvine, CA
  10. Milpitas, CA
  11. Pleasanton, CA
  12. Murfreesboro, TN
  13. Meridian, ID
  14. Redwood City, CA
  15. Frisco, TX
  16. Round Rock, TX
  17. Austin, TX
  18. Miami, FL
  19. Saint George, UT

What to Conclude About these Cities

So what is actually attracting people and businesses to these cities? The weather? For some, it’s true but most commonly, it’s the job opportunities and affordability of housing. While cities like Chicago and Los Angeles continue to become more expensive with taxes and costs of living, others are booming as people flock to the south for an easier, more enjoyable lifestyle.

Looking to Move Your Business?

If you’re looking for a change, always be sure to do your home homework and research all options before moving. Just because it’s growing and there are many opportunities, doesn’t mean it’s the best choice for your company; what may be right for every other industry may not be for yours.

One of the best ways to research cities to move your business is to research the economic growth as well as any vendors in the area, culture of the city, local leasing or investment rates, and target market. Surely there’s no place for a snow plow company in Fort Myers, FL.

Contact Chicago Office MoversCommercial Moving Services in Naperville, IL

After deciding where you want to relocate your business, rely on the professional services of Chicago Office Movers, based in the Chicagoland area. When working with our experts, you can expect complete care while handling your assets. We have moved everything from desks to machinery to even libraries.

Chicago Office Movers also provides a number of specialty services, including storage, packing, paperwork storage, crating, furniture assembly, office decommissioning, server room moving, and more. Each of our movers is also experienced, trained, background-checked, and insured for your peace of mind.

Get a Free Estimate

To get a free estimate on your next business move, contact Chicago Office Movers at (312) 244-2246.

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Investing in Commercial Properties: Rent or Buy?

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Businesses run on money, making a price point the single most significant decision-maker when it comes to buying or leasing a commercial building. While the financial health of a company is chief, a variety of accompanying factors also come into play. The following key points weigh heavily in a business’ choice to either lease or buy a commercial property.

Here are some questions to ask yourself before deciding to rent or buy a commercial property.

How long is the business expected to remain in a specific location?

When deliberating to buy or lease, business owners should consider the length of time the business will remain in that location. Buying the property is optimal when a business plans to stay put for seven years or more. Expecting to inhabit a space for less than seven years warrants leasing.

For example, a technology startup that expects to occupy a property for 15 years will pay 80 percent more to lease the building during that duration rather than buy. However, the same startup that plans to relocate in seven years will pay far less to lease during those few years.

What is the business’ growth potential?

Business-Woman-Packing-Office

Companies that are expected to experience rapid growth ideally will consider leasing a commercial property. The physical space required to accommodate growth will simply increase when businesses prosper, making a new building in the future foreseeable. In such cases, leasing is optimal.

Another benefit of leasing is the flexibility. Since lease terms usually fall between three and ten years, a company expecting to expand its size within this short span of time has no barriers when it comes to relocating to a larger, more suitable property.

On the other hand, businesses that have already seen explosive growth and experience stability in their market sphere will find security in an existing property, making buying a commercial space more practical. Buying commercial property is appealing, since mortgages are more stable than leases.

Can a business afford the upfront costs?

Leasing a commercial building requires hefty upfront costs, such as attorney fees, a substantial security deposit, and the pre-lease inspection. Upfront costs are high in comparison to buying a commercial space. In fact, these initial costs can total one-sixth of the costs of buying real estate.

Buying a commercial property has equally high upfront costs, including the down payment (up to 40 percent), closing costs, repairs, and appraisal fees. Many business owners do not have the significant capital required to cover these initial costs, which can be better applied toward reinvesting in their business.

How do business owners view building maintenance?Modern-Look-Office-Space

Leasing a commercial property comes with less maintenance headaches. The landlord manages all repairs, plumbing, and HVAC maintenance and any issues related to building upkeep. When leasing, business owners can focus on growing their business rather than be distracted by property problems.

The downside to leasing and avoiding maintenance responsibilities is that this perk comes with a monetary price. The rent will include the expenses related to repairs. The leasing manager includes these operating fees as outlined in the Common Area Maintenance expenses.

Buying a property means the owner is responsible for all repairs. Running a business leaves little time to handle maintenance, making hiring a property management company a necessity. Bringing on board a facilities services team is an added expense that digs deep into profits.

How critical to the business is rent control?

Along with the flexibility of renting comes the possibility of the landlord negotiating an increase in the monthly rent. When leasing, tenants are subject to the rent caprices of the landlord, forcing businesses that are unable to pay the rise in rent to either downsize or relocate.

Buying a commercial property offers price stability and control. Mortgage payments are fixed, and property owners have the benefit of growing equity in their building. In the long term, businesses have an opportunity to sell their property or refinance, bringing in substantial equity for the company.

Are renovations beneficial in the long run?

When a tenant makes improvements, like wall finishes or new carpeting, these enhancements directly benefit the landlord in the long run. As a tenant, the business owner temporarily benefits; but, when it is time to relocate, these improvements cannot be shifted to the new office space.

Renovations stay put when a business owns the property and do not have to be redone with every relocation. As an added benefit, any upgrades made to the commercial space only increases its value when it sells, dramatically spiking the financial returns on the sale of the property. 

How important is the opportunity to rent out space?

Renting extra space to various tenants is a financial bonus of owning a building. With the extra monthly cash flow comes the burden of being responsible for managing tenants. Hiring a property management company is a solution, but it comes with a price tag that eats into rental income profits.

When deciding to rent or buy a commercial space, the factors that will influence your decision are many. Despite the dizzying array of buying versus renting pros and cons, one clear advantage to your bottom line is hiring Chicago Office Movers for your upcoming office relocation.

Work with Chicago Office MoversChicago-Office-Movers-Logo-Larger-3-14-17

Chicago Office Movers is a locally based company with a crew of trained, unionized and licensed movers. A reputable commercial mover, Chicago Office Movers are experienced in moving all types of office equipment, including heavy machinery, lab equipment, and the standard office furniture and computers. Included in its comprehensive services are office renovation and remodeling.

A feature that distinguishes Chicago Office Movers from its competitors is the company’s commitment to the environment. The movers utilize only recycled packaging and have made strides in reducing waste and energy consumption.

Whether your business is a small startup or a large corporation, Chicago Office Movers brings the right experience to fulfill your vision of successfully moving your company across the country or just down the street.

Get a Free Estimate

Streamline your company move with Chicago Office Movers. A free estimate is available to jumpstart your relocation efforts. Give us a call at 312-244-2246 to get started!

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Top Reasons Why Companies Move

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When business leaders are motivated by the familiar maxim, “The grass is greener on the other side,” they may just literally pick up and relocate to access more nourishing pastures. Companies shift locations for numerous reasons.

Here are the top reasons why companies move:

1. Access to the Best Talent

A company makes great strides when employees make quality contributions to services and products. In order to access talent with specialized skills, companies are willing to relocate. No longer are potential workers moving to where the jobs are. Companies now move to actively seek out top talent.

For example, a tech startup may relocate to San Francisco, a flourishing tech hub, to attract workers skilled in technology. Or, a business operating in the finance sector may shift to New York City, a key player in the financial market, to appeal to the right candidates.

Plus, businesses are willing to relocate to areas near top universities. The reason is clear: Leading companies benefit from continual access to highly qualified recent graduates, who have the skills to make a meaningful dent in the company’s output.

General Electric, for example, shifted its headquarters to Boston, Massachusetts from Fairfield, Connecticut. As a company with a 124-year history, keeping up with advancements requires access to educated workforces and agile tech companies. The relocation made the leaders’ goals possible.

2. Offer Quality of Life

Youthful, creative talent, like Millennials, are attracted to the hustle and bustle of city life. Cities that stay awake 18 to 24 hours a day are peppered with high-end dining options, luxury apartments, streams of entertainment venues and the convenience of public transportation.

Given that happy employees are more productive, companies are relocating their headquarters to where these young, educated, and skilled workers want to live, work, and play. Growing cities, like Denver, Seattle, and Boston, offer lifestyles that entice youthful workforces, making business leaders consider relocation a viable option to stay competitive.

3. Updated Facilities

Expanding companies may outgrow their existing facility, prompting the need to move to a more updated space. Rather than invest in the scarce time and capital necessary to build a brand-new facility, businesses make the practical decision to relocate.

A new office space may feature co-working environments to encourage collaboration, technology resource areas, plenty of glass, moss walls and generous amounts of desk space. Employees also experience rejuvenation when the company relocates. The boost in morale prompts workers to innovate.

4. Improve the Brand

Customers and investors make critical, initial judgments about a brand based on the company’s office. Business leaders jump at the chance to improve the message they want to convey to outsiders. Relocating gives companies an opportunity to enhance their brand’s personality.

Whether a company’s brand is youthful and fun or traditional can be easily inferred from a visit to the office. Business leaders know their brand’s tone can be transformed by shifting to a thriving city or moving to a contemporary office space.

Returning to the example of General Electric’s recent relocation, the traditional company aimed to keep up with society’s progress rather than be seen as an antiquated business. Their move to a major city helped shape their vision for a business that is able to cater to the current needs of its customers.

Similarly, ConAgra relocated its headquarters to Chicago to rebuild its brand. The decision to move was also partially prompted with the goal of attracting the type of new talent that would, in turn, help shape and reinvigorate the company’s existing brand.

The companies who actively seek to re-establish their brands through relocation efforts show customers and business partners that they are invested in staying current and are able to meet the current demands of the marketplace. Rather than stagnate, businesses aim to shine in evolving times.

5. Decrease Operating Expenses

The cost of running a business is extremely high. Hefty recurring expenses include commercial lease costs (which are based on the building’s square footage), high taxes ,and even environmental regulations. Companies have a reason to move when overhead costs skyrocket.

Marriott International’s headquarters, for example, is currently at nearly a million square feet. With the company’s lease expiring in 2022, the company’s CEO is considering relocating for many reasons, among which are to access a higher quality talent pool.

Companies seek to shift to a location where the roads are passable, public services, are ample and the financial stability of local and state communities is high. Leaders choose areas where utility services are dependable and will not interrupt day-to-day business.

Indiana, for instance, incentivizes businesses to move to the state with a credit that reduces corporate income tax liability. Similarly, Kentucky offers businesses an income tax credit. Louisiana, to facilitate relocations, gives companies a rebate that offsets relocation costs up to 25 percent.

With all the advantages surrounding business relocations, shifting a company is a challenge. When business leaders know they have professional office moving help, like from Chicago Office Movers, relocating becomes less of a hassle and more of an event to anticipate.

Choose a Commercial Moving CompanyChicago-Office-Movers-Logo-Larger-3-14-17

The commercial movers at Chicago Office Movers are licensed, background checked and unionized to ensure maximum peace of mind for all business clients. All movers are trained to carefully handle all office properties. Included in our moving services are planning, packing and unpacking.

Chicago Office Movers has earned a stellar reputation among its many clients, which include Northwestern University and Alcatel Lucent, among many other major institutions and companies. Whether your office is small or large, Chicago Office Movers is prepared to offer top-notch service.

We are available to move businesses locally, long distance or internationally. Chicago Office Movers will get business owners started with planning their corporate relocation and provide execution of the moving plan. A free estimate is available to businesses ready to embark on their new venture.

Get a Free Estimate

To request a free estimate with our corporate movers, contact Chicago Office Movers at 312-244-2246.

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How to Prepare Your Employees for an Office Relocation

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Access to a high-quality talent pool, greater workspace, and company expansion are among the top reasons businesses relocate. Hiring professional assistance with this major event offers to relieve many of the stresses associated with a company relocation. Preparing staff for the imminent transition, however, falls upon the shoulders of the business owners.

How to Prepare Your Employees for an Office Relocation

1. Communicate

The decision to relocate, whether to a building across the street or to one out of town, affects employees significantly. Workers will be obligated to consider changes to their commute and re-evaluate childcare situations. Plus, if the new office is significantly further away, your employees will have to deliberate whether or not to relocate. The routine of employees’ everyday lives will be disrupted, making it important to relay the news with sensitivity.

Respecting your employees’ time and contributions means giving them appropriate notice of the relocation. Use an empathetic approach to notify your employees well in advance—at least two to six months—of the move. Loyal workers will be motivated to change gears to better suit the new work arrangements.

Provide a concrete moving date, the new business location and how employees can best prepare for the new office. In addition, give all workers the new office address, phone number, parking amenities and public transportation options.

Keep all employees regularly updated on the move. Frequently sending emails and placing signs regarding the office move helps ensure workers stay in the know. Employees tend to lose trust in the company or experience resentment when managers fail to provide adequate information about the relocation process. Keep communication lines open, making yourself available to answer emails or discuss the move in group meetings.

2. Boost Morale

Along with communicating the relocation plan, give your employees a good reason for the move. Will the new location allow the company to reach a larger number of customers? Can the employees expect better access to technology and other workplace infrastructure improvements?

Involving those who strive every day to deliver optimum service offers a boost in morale, so that they can continue giving their best even in the new office environment. Ask workers for input on the new office layout and ways their new workspaces can help them achieve their finest work. Employees who feel included tend to demonstrate positive feelings toward the company.

Business owners might create transition teams, assigning groups of employees to take charge of certain aspects of the move. Involvement gives workers the opportunity to ask questions, address concerns, and be an integral part of this important milestone in the company’s history.

3. ReorganizeModern corporate office interior.

Starting fresh in a new town, city or state provides ample opportunity to declutter and reorganize. Prepping for a new office is the apt time to discard unnecessary paperwork and files. Instruct your employees to pack essential files, paperwork and any small equipment. Provide sturdy packing boxes, labels and plenty of shipping tape to streamline the process.

4. Assign Teams

Relocating an office requires the effort and abilities of everyone in the company. Delegate important tasks to employees to help make the transition as smooth as possible.

For instance, establish a committee to be responsible for double checking the lease dates of the new building. This team should also ensure the utilities (gas, water and electricity) as well as janitorial services and security systems are set up to operate upon the arrival date. This committee could also be given the task of obtaining keys to the new building and receiving necessary parking details.

A second liaison may be instructed to get ahold of the map to the new building. Having employees who are familiar with the new layout is extremely beneficial on moving day. These workers can instruct moving personnel where to place office furniture, including desks, shelving, equipment and other property. If your office features specialized equipment, permission from the vendor may need to be acquired. This second committee can request and obtain necessary authorizations.

5. Work with a Mover

You may even wish to delegate to a third committee the job of hiring a professional moving company. This third team could be tasked with the additional responsibility of bringing on furniture installers, design firms and necessary contractors to ensure an easeful transition.

The committee should seek a professional office mover who is experienced in office relocations and offers valuation coverage. This group of employees can also be in charge of getting moving quotes and determining whether or not the mover offers fixed rates.

Shifting offices is a team effort. Ensuring success starts and ends with a constant flow of communication among employees and between business owners and their staff. Upon the move, a company’s culture has plentiful chances to reinvigorate. While relocating an office is a taxing burden, the results are well worth the financial investment, time, and energy.

Chicago Office MoversChicago-Office-Movers-Logo-Larger-3-14-17

If you plan to hire or designate staff to handle hiring an office mover, turn to Chicago Office Movers. As a professional office moving company with licensed and union movers, Chicago Office Movers takes the hassle out of moving day.

Chicago Office Movers are experts in office moves of all sizes. Our numerous awards, years of experience, and five-star reviews are validation of our professionalism and skill. Area customers include Northwestern University and Alcatel Lucent, among many other small, large and well-established businesses.

Included in Chicago Office Movers’ comprehensive list of services are paperwork storage, the option for short- or long-term storage, availability to move locally, long distance, or internationally and insurance contracts. Our professional movers have the manpower and equipment to shift all types of office goods, such as IT systems, lab equipment, electronics and cubicles. We also handle packing and unpacking, alleviating business owners of this time-consuming task.

At Chicago Office Movers, we take pride in our professional team of movers, years of experience, and essential equipment.

Free Estimate

For invaluable office relocation advice and a free estimate, contact Chicago Office Movers at 312-244-2246.

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Best Corporate Events in Chicago, IL

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Corporate events are a must-have for companies nowadays. Benefits like keeping employees happy, teambuilding, and even improving overall productivity can pay off for companies of any industry. On the other hand, finding an event or activity that everyone will enjoy can be difficult.

Thankfully, Chicago offers a ton of activities for employees with all different interests. Everything from bus tours to escape rooms, it shouldn’t be too hard to find one idea everyone can agree on.

Check out the list of the best corporate events in Chicago, IL:

1. Escape Rooms

One of the best ways to get to know your coworkers and work on those teambuilding skills, escape rooms will give you a challenge, other than work, to focus on. Within each room, you will be racing against the clock to solve multiple puzzles and escape using limited clues.

Escape rooms come in all different challenge levels as well as different themes. Whether you choose to escape from one of the most difficult space rooms or opt for an easier scavenger hunt on a pirate ship, you will definitely have something to talk about on the next business day.

Here are a few highly rated options:

The Escape Game

Fox in a Box Chicago

PanIQ Escape Room Chicago

2. Scavenger Hunt

Weather permitted, scavenger hunts are one of the best opportunities to become familiar with the city. Especially if your company is planning to move or has already moved to Chicago, you’ll find a lot of architecture, unique dining options, and other attractions, even if you don’t find what you are initially looking for.

Scavenger hunts involve various teams to search the city, solving clues that lead them from one location to the next. Race to the finish and you might get a prize!

Here are a few options:

Scavenger Hunt

Stray Boots

Windy City Field House

3. Sporting Events

This idea can seem a little original, but Chicago is known for it’s famous sports teams. Popular teams like the Cubs, White Sox, Blackhawks, Bulls, and even the Bears are what make the harsh winters and expensive rents all worth it! Plus the seating available, such as the rooftops of Wrigley field or the box seats at the United Center offer a whole new experience to watching your favorite teams play.

All inclusive packages for corporate events are common, not to mention suites available for the employees. Load up from the dessert cart!

4. Indoor Skydiving

If you’re looking for an adrenaline rushing adventure, check into indoor skydiving at iFly. Suit up and pop into their indoor wind tunnels. Simply lean forward and up you go. There will be someone to spot you of course, but this option is a great way to take a break from the cubicle.

iFly locations are available in Naperville, Rosemont, and Lincoln Park. Be sure to check one out if you’re looking for something extra exciting!

5. Charity Events

If your team is interested in giving back for the event, volunteering as a group to a local non-profit is a great way to build relationships with your colleagues. Charities are always looking for helping hands (and donations) to help their cause.

Common activities for corporate events can include:

  • Feeding the sick, poor, and others in need
  • Walking dogs
  • Walk to End Alzheimer’s
  • Planting trees
  • Food packing

If you have a favorite charity, you can reach out to them directly to see if they have events coming up that your company can attend. Remember every little bit helps!

6. Bowling

One of the activities that never get old, everyone loves to go bowling! Chicago is littered with bowling alleys, even with some that have different themes and food. Many also have fully stocked bars and kitchens so you can combine dinner and entertainment into one package.

For some companies, some bowling alleys offer private rooms, providing more convenience and fun to your experience.

Here are some options to choose from:

7. Game Shows

Team up against your coworkers to see who’s the fastest on the buzzer! You can choose from any game shows like Jeopardy, Wheel of Fortune, The Price is Right, and more and battle against your friends.

Events like these will have your team laughing, doing physical challenges, and doing some critical thinking that will have the team talking for weeks. Step out of your cubicle comfort zone and up to the plate when facing off your coworkers through fast decision-making and being prepared to fail in front of everyone! This will ultimately build that company spirit that’s hard to accomplish everyday.

Check out these options:

The Game Show Game Show

Game Show Gurus

8. Dinner Cruise

If you have the budget for something a little more fancy, check out one of the cruises on the Chicago River. When cruising, you’ll see some of Chicago’s most prominent, updated buildings, everything from Marina City and Merchandise Mart to the Lyric Opera of Chicago and Willis Tower.

If you want to make the experience extra special, you can rent out the whole boat for a private event. Enjoy a 3-course meal and all that Chicago scenery has to offer with the convenience of the company of nobody but your coworkers.

Check out these options:

Odyssey

Mystic Blue

9. Office Party

Looking to save a few bucks? You can always host the party in the office. Order in food, bring some games, music, and drinks, and you have a party of your own!

Need some help moving things around? Chicago Office Movers can help move office furniture to and from your space if needed. With office decommissioning, we can have your furniture professionally moved and returned to the right places while working around your schedule.

Chicago Office MoversChicago-Office-Movers-Logo-Larger-3-14-17

Moving to or from Chicago? Chicago Office Movers is a full-service moving company that can help with anything and everything you need, from packing to crating to furniture assembly. Each of our movers is licensed, experienced, background-checked, and insured for your peace of mind. We are also able to move a number of specialty equipment like machinery, inventory, paperwork, and even lab equipment locally, long distance, and internationally.

You can be as involved or as hands-off as you prefer. We understand that you have work that needs to get done, and moving can easily take time away from operations; so we’ll take care of what you don’t want to deal with. Leave the moving process to us.

Get a Free Estimate

To get a free estimate on your commercial move, contact Chicago Office Movers at 312-244-2246 or fill out a contact form. We will get back to you shortly!

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