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When to Downsize Your Business Property

16 / 07 / 24

Historically, downsizing your business property has been purely associated with hard financial times. This is no longer the case.

In this article, we will discuss how to know when to downsize your business property, why so many businesses do so and how we can help with your storage needs.

Signs it could be time

There are a multitude of reasons that could influence you to commit to downsizing. These reasons could include a shift in necessity for a large office space, environmental factors, and financial factors.

It’s time for you, as a business owner, to reevaluate what you actually need your office for and how you might be able to reduce unnecessary overheads by minimising your office space.

Pandemic reset

Post-pandemic, our offices are more flexible than ever, with these spaces becoming less and less of a requirement to run a successful business.

The lockdowns in 2020 and 2021 enabled a digital revolution, with the rise of video calls as our main form of communication and therefore the ability for people to work from home. As we have made the return to work, so many roles are now hybrid, mainly because they can be!

Hybrid working

If you, like so many businesses, have adopted a hybrid working policy, it might be time to downsize. The majority of businesses report that they’re planning to downsize their business properties, which can only be attributed to this monumental workplace shift.

With many workplaces only seating their employees 2 or 3 days a week, leasing a large office with a significant amount of empty space for the majority of the time isn’t financially sustainable. It’s also not particularly welcoming to both your current employees and any new prospective employees or clients, introducing them to a vast and empty office.

Opting for a smaller, cosier atmosphere could be incredibly beneficial for staff feeling more comfortable at work, whilst also significantly reducing the huge costs associated with running a larger office space.

Planet friendly

In 2024, it’s crucial to be climate conscious and consider you and your company’s carbon footprint. There are many ways in which we can prevent unnecessary damage to our environment. Downsizing your business property is one!

This would significantly reduce your electricity and water consumption, which would be very advantageous for your business, decreasing your costs as well as your negative impact on our planet.

Operating with a hybrid working policy would also help to reduce your influence on the environment. Commuting alone is incredibly damaging, so employing this system to optimise your office space and lessen your business’s overall  environmental impact.

Business storage needs

Does moving seem like an incredibly daunting prospect? We’re here to make it all a little easier on you. Anything you do not immediately require in your new office space, or don’t have the room for, use our storage unit to keep everything safe! You might find in the future that you need these items again, especially larger items that could be used as replacements for other equipment, or could be reinstated if you ever needed more office space again.

Look after your business with Apex Self Storage

Get in touch with us today to find out more about how we can support your business needs and look after all of your company belongings.