The hidden costs of moving your office to Memphis you need to know

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Relocating an office can be a great thing for your business. No matter if you are looking for a bigger space or new clients. When you are in this process, you must choose a perfect spot for the move. If Memphis is the city you chose, you will not be disappointed. With a great skilled workforce, many state resources, and a good job market, it is the place to be! But, do you know the hidden costs of moving your office to Memphis? From permits, legal fees, and office deposits, to onboarding new workers. Before you start the moving process, make both a moving plan and a budget plan. With the help of a trustworthy company like Spyder Moving and Storage TN, you can go through this easily and without stress. Without wasting your money as well! 

Why is Memphis good for business?

Looking to move your office to Memphis? You’re making a smart choice! Memphis is a great city for businesses of all sizes, from large corporations to start-ups. The job market in Memphis is growing, with new companies moving to the area and old businesses expanding. Exactly for this reason, Memphis has a large number of skilled employees who you can hire and grow your workforce. With the help of commercial movers Memphis, you can easily move to your new space. 

In addition to a strong job market, Memphis is also a great place for businesses to grow and thrive. The city has a diverse economy, with industries ranging from healthcare and logistics to manufacturing and tourism.  If you’re a new business or a startup, you’ll be happy to know that there is help available from the state of Tennessee. The state offers a number of programs to help businesses get started and grow, including tax credits, grants, and loans. In Memphis specifically, there are resources like the Greater Memphis Chamber, which provides support and resources for businesses of all sizes.

Two men preparing food
Memphis has a growing job market with all the industries you might be interested in

The costs of finding a new office space

When you are looking for a new office, you will need to make a budget. While the cost of rent or lease is the most obvious expense, there are other costs that can quickly add up. One of the hidden costs of finding a new office space is agent fees. If you work with a real estate agent to help you find a new space, you may be required to pay a fee. This fee can range from a few hundred to several thousand dollars, depending on the agent. This is why you should talk to them before you get into business with them.

Another hidden cost to consider is the security deposit. Most landlords require a security deposit when leasing a new office space, which can be a significant upfront cost. Additionally, you may have to pay for any necessary improvements or renovations to the space before you can move in, which can be another unexpected expense. It’s also important to factor in the cost of utilities and other services when making a budget plan. Don’t forget the cost of Memphis moving services as well once you finally find the spot. You can be ready for all of these unexpected costs by knowing what to look out for. This way you can avoid unpleasant surprises.

The hidden costs of moving your office to Memphis

Moving your office to Memphis with the help of a moving company can be easy, but it’s important to be aware of the hidden costs. One of the main hidden costs is the cost of packing and unpacking services that you want to hire.  Depending on the size of your office, materials, which can include boxes, tape, and packing peanuts can add up quickly. Additionally, some companies may charge extra fees for handling fragile or bulky items, as well as for navigating stairs or elevators. This is why you should look for a reliable company that can provide this service at a cost that fits your budget.

A man holding a packed box
Look for hidden costs when hiring a moving company to help you out

Finding a storage unit

When moving your office to Memphis, you may need a storage unit to hold excess items that you don’t have room for in your new space. Good movers Memphis TN offers can help you with that too. However, it’s important to consider the hidden costs of moving your office to Memphis when renting a storage unit. The cost of insurance certainly falls under this category. An insurance policy is often required when renting a storage unit. If you have a lot of valuable items, the cost can add up very quickly. Additionally, some storage facilities may charge you a fee for accessing your unit outside of their regular business hours.

Know about the taxes and legal regulations in the city

Before you move to the city of Memphis, it is best to contact a lawyer who can tell you more about the taxes and legal regulations you need. You might have to include the costs of a permit, license, complying with zoning regulations, and following environmental laws. A law office will cost as well, and you will probably handle all of these legal fees the easiest if you get their help. However, all that help will cost, so be sure to consider everything before you make your budget plan.

Lawyers talking about the hidden costs of moving your office to Memphis
You might want legal help with the hidden costs of moving your office to Memphis

Will there be a change in labor costs?

The hidden costs of moving your office to Memphis don’t just apply to the office space. You must think about the people working for you, meaning the cost of labor, including the cost of hiring and training new employees. If you can not bring all of your current employees with you, you will need a budget for recruiting and onboarding new staff members. However, if you are offering relocation assistance or severance pay to people working now, these will also add up. After moving to a new city, or a state altogether, you must know about local labor laws. These can include providing health insurance, offering paid time off, and following minimum wage requirements.