City or Suburb? Pros and Cons for Businesses Considering a Move
The world is changing. No longer are businesses confined to urban areas. Options are becoming more and more popular as the work-from-home phenomenon has officially taken off. For business owners, these changes are important to consider when deciding on the location of your business.
Should you locate your business in the heart of the city? Or would a suburb make more sense? It’s a big decision you need to make. Let’s look at some of the advantages and disadvantages of each choice, as well as the best way to make the move.
Pros and Cons of Cities
The city has long been a tried-and-true location for most businesses. But is that still the case? It might depend on the age of your workforce—millennials tend to prefer densely populated areas—but there are other factors to consider. Here are some of the advantages of having a business in the city:
- Larger workforce selection, since it’s more densely populated.
- Better public transportation, as airports and trains are usually located in cities.
- Heavy foot traffic, if your business depends on that sort of thing.
- More employee amenities, such as theaters and restaurants.
And here are some of the disadvantages:
- Higher tax rates
- Longer commutes
- Pressure to scale
Pros and Cons of Suburbs
There are a growing list of benefits to moving a company outside of a major city, however. Here are some of the advantages of having a business outside the city:
- Easier commutes, for employees who don’t live in the city, at least.
- Lower tax rates, especially when compared to major metropolitan areas.
- Marketing is still easy, since we live in a digital marketing age.
- More affordable properties, which lowers your business’ overhead and your employee’s cost of living
And here are some of the disadvantages:
- Less desirable for millennials
- Minimal foot traffic
- Fewer amenities and public transport options
The Best Way to Make Either Move
Regardless of which route you decide to take, choosing the right commercial movers is your first step. You have enough to worry about when it comes to your business—the actual move shouldn’t take away from your peace of mind.
Here’s what the best commercial moving companies offer when it comes to commercial moves:
- Full-service office moving assistance
- Home delivery service and assembly for your customers
- Corporate relocation (intrastate, interstate, international)
- Hotel moving assistance
- Commercial warehousing and distribution
If you’re considering a commercial move, contact the IMS Relocation team today at 972-484-2112 for a free quote.