If you have worked with the Team Explorer in Visual Studio (VSTF) you know there is a functionality missing of moving multiple files/folders. But you can use TF.exe which has a move command and supports Wildcard.
Syntax: tf.exe move <items> <destination>
Usage: tf.exe move $/TeamProject1/Source/WebApp1/* $/TeamProject1/Source/WebApp2/
Note: You’ll need to run this command from Visual Studio Command Prompt.
Hope it helps save time, as it did for me :)