How to move the Eclipse workspace to another folder

1. Close Eclipse
2. Open the OS file manager (Example: Windows Explorer for Windows and Nautilus for Linux)
3. Move the workspace folder to the new location
4. Open Eclipse
5. In the menu bar, click File
6. Mouse over Switch Workspace
7. Click Other...
8. Select the new workspace folder location
9. Click OK

Source: http://stackoverflow.com/questions/15165135/moving-eclipse-workspace-from-to-new-directory