in addition to being costly, moving can be a pain; however, staying put might not be the best decision for your business either. the only way to make a sound decision is to weigh out the pros and cons of each, digging deep to get clarity on exactly which choice will offer the most benefit. if you do choose to relocate, finding the right space for your business can be a lengthy process. another factor to take into consideration is the size of the current commercial property you are occupying. take inventory of your time spent in the space to realize what has worked and what hasn’t worked for your business. if your space has felt too small or inadequate to meet the needs of your business, you can likely assume you’ve outgrown it and it’s time to move into a new space.

if you position yourself as a well-informed tenant that understands your leasing options and how they relate to the evolving needs of your business, you can ultimately secure a better deal and earn back a portion of your occupancy costs. therefore, you should continually monitor the market in order to take advantage of these openings or opportunities for savings. but in order to do so, it is critical to understand the landlord’s current situation, including his or her overall portfolio, and the impact and value your lease has within the market. in some cases, your landlord may be willing to incur some of the update costs, if it means keeping you on as a tenant. even if you intend to stay in your current space, take the initiative to educate yourself on other buildings and owners in the market.