If you are starting up a new business and looking for office space for rent, there are many decisions that you need to make before you finalise. It would be really helpful if you know answers to some specific questions that will ensure that you select the right place for your office. Considering certain factors beforehand will not only save you time but also money and will also ensure that you don’t have to spend your time and money again finding a new place.
India is booming market when it comes to buying or renting office spaces, especially cities like Delhi, Mumbai, Kolkata, Chennai and Bangalore. Bangalore is known to be silicon city of India and many people are in constant search for small office space for rent in Bangalore. But again before you finalise your property, here are some considerations that needs to be made:-
Nature of your business
While looking for an office space, the first and the foremost thing that will help you find your property is to know the nature of your business. Every business is location dependent. For instance, if you are planning to open an industry, you cannot open in a residential area. There are specific areas defined for setting up an industry.
For a company that requires client facing all the time would require a proper setup with computers and desk, with reception area. There are also some offices that are available for rent and can be customised as per your requirement, in all probabilities you might find a place that is already designed as per your need. So knowing the nature of your business can be of great help because according to that you can finalise the location and size of the office.
Finalise your budget
Whether you are buying or renting an office space, the most important aspect is the financial criteria. If you are renting, then you might not need to shed large sums of money compared to while purchasing property. Also, while taking a property on rent, you would have to spend less on maintenance as repairs will all fall under the kitty of landlord.
Even though you are selecting property for rent, consider your long term goal and growth plan of your business. If you are taking it on lease, then you need to confirm if in the coming years of lease you will outgrow or not and if the space would be enough to match your requirement.
Determine other factors
The interiors of office can be changed as and when required but it is not easy to change the exteriors. So, if you are planning to employee some staff, then you would require space for parking, office desks, number of rooms to operate efficiently. So these things have big weight age when it comes to renting an office space.
At the end, the whole procedure can be a simple task if you get in touch with good real estate brokers, who can understand your needs and provide you with set of properties as per your requirement.