NYC Business Moves: The Top Five Reasons Companies Relocate

Our commercial division helps NYC companies of all sizes relocate. We move corporate headquarters, agencies, medical practices, manufacturers, retailers, restaurants and more. Moving a business has some traits in common with a household move – there’s a lot of packing and organizing involved – but in some ways the process is different. Business moves often have to happen on an accelerated timeline, with minimal downtime. Additionally, business moves can involve bulky or fragile equipment, as well as important records that have to be kept secure and confidential.

The number one reason businesses in NYC relocate is to access a better location. This is particularly true for restaurants and retailers, although there’s no doubt some Wall Street addresses are just more appealing than others.

The second reason business owners in NYC choose to move their business is cost savings. Rents can be sky-high in the Big Apple, and the opportunity to save money by moving to a more affordable address is very appealing.

The third reason business moves in NYC happen is that a company is growing or expanding. At some point, as you gain employees and customers, you need more space. Additionally, manufacturers who take on new processes or integrating new equipment into their operation may need a larger area to operate.

The fourth reason we’ve seen companies choosing to move is to gain access to a larger, more affordable workforce. While there are workers who are willing to make a significant commute every single day, it can be a game changer for employers facing labor challenges to locate closer to where their workforce lives.

Finally, the fifth reason companies relocate is to better serve their customer base. This is particularly true for professional services and upscale personal care businesses. Aging clienteles tend to appreciate convenience and neighborhood safety when choosing to do business. Relocating your practice to make visiting your business easier and more convenient can help contribute to lasting customer loyalty.