70% of Small Businesses to Move in the Next 2 Years

April 14, 2025

Bob Coleman
Founder & Publisher

Main Street Monday — 70% of Small Businesses to Move in the Next 2 Years

Says the Federal Reserve Banks’ 2025 small business credit survey.

Compared to firms that relocated in the past 5 years, small businesses planning to move within the next 2 years were more likely to cite expansion or the need for more amenities as the reason for their planned moves.

The top survey results are:

1. More suitable space / amenities (53%) 
(Notably, that is up from 38% that moved in the last five years.)
2. Expansion (52%) 
3. Cost savings (27%)
4. Expiration of lease (27%)

Some other fascinating statistics for SBA lenders:

– 59% of small businesses rent their facility, while only 17% own their facility.
– 17% of all small businesses are home-based.
– In the last 5 years, 75% of all businesses moved.
– 3% are virtual.
– 1% are based out of vehicles.