Vacant
Although online businesses are a thing right now and gaining huge traction, there is still a huge craze for physical stores/ office spaces in Gurgaon. Gurgaon, now known as Gurugram, is a hub of technology and financial services in Northern India. The rapidly growing Millenium City is known for its corporate infrastructure. Choosing the right office space for rent in Gurgaon will be a decisive decision for your business as the space you are taking on rent will decide the faith of your business to a large extent. In this blog, we will provide you with some of the best ways you can choose a property for your business.
Key Considerations for Choosing an Office Space for Rent/ Lease in Gurgaon
Business Needs: Different industries require different types of office setups. First find out what your business requirements are. There are a number of different things you need to consider some of which are – location and accessibility, total area, your budget, amenities you require, and much more. More business opportunities may arise if your store space is large enough to showcase your goods or services.
Strategic Location: If you’re confused about where to take your furnished office space for rent in Gurgaon, then you can take the help of a commercial real estate solution provider. Nevertheless, you should understand that location is extremely important for your business growth. Choose a location which is near to the economic hub and has a lot of accessibility. Consider the business community, set up cost, crime rate among other things while locking location.
Budget: One of the most crucial steps is budgeting. Analyze how much you can spend for renting an office space without putting a hole in your pocket. Make sure the financial health of your business does not get compromised. Strike a balance between your budget constraint and quality of the office space that you are opting for. Also, consider the additional costs associated with renting a space. Make sure the maintenance cost is being accounted for by the owner. Consider the insurance and tax implications of the area as well.
Utilities: The more you spend on an office space, the more amenities you can expect to be available. Typically, the real estate best options available in Gurgaon come with several amenities. Some of the amenities that you can expect for your office space to come with are
safe car parking, round-the-clock security, conference spaces with all the utilities, fast internet connectivity, etc. When you opt for an office space built by a good developer, you can expect a cohesive and comfortable working environment. Modern amenities make sure that the office space goes beyond its utilitarian function. This helps to ensure that the office space becomes a center of productivity, social interaction, and well-being. This in turn aids in meeting the various needs of the company, staff, and customers.
The Lease Term: The lease term is an important document that you have to take into consideration when choosing a property. Peruse closely regarding the lease period and the flexibility it comes with. If you own a new business, it would be prudent that you take the lease for a short period and then renew it time after time. This is because you can’t predict the future of your business and you would be stuck with a space that you don’t need if your business gets dissolved. The best thing to do is to take a lease on commercial real estate in Gurgaon for a shorter period till the business starts to make a considerable profit. If your business is already well established, then you can consider an office space with a longer lease term as it would be more cost-efficient.
Transportation and Networking Opportunities: Your business should be near major roads and public transit. This will ease the commute of your employees and clients to your office. This aids in increasing the accessibility and efficiency of your business. Everyday operations become augmented in this process. Taking an office space in the vicinity of a business park or an economic hub increases networking opportunities. Being close to other companies can result in partnerships and collaborations that are advantageous to your organization.
The Bottom Line
Choosing a vacant commercial property for lease can be a daunting task as there are a lot of things that you have to keep in mind before you single out a property. Always consult a lawyer and a real estate consulting service provider to get the best deals.