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Fully furnished managed offices with internet, electricity, power backup, managed common meeting rooms and other facilities
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? How to search office spaces for rent, online
How much space do you need for your Office space? Would you need a large space or do you want to start with a small team? Does your office space include operations that involves storage and implementation of bulky machinery, or do have a lean staff, with basic equipment, that seeks to grow gradually? Choose the size of space based on your team, duration of space usage and your core business operations. Always leave room for expansion!
Whatwould be the ideal location? Perhaps your business would benefit from being located in the heart of the business district, or a specialized government-approved economic zone catering to your industry, like Bengaluru’s Electronic City or Hyderabad’s Cyberabad. If this is the case, you need to budget accordingly, as rents tend to be higher in such areas. Location matters as much as the nature of your business does.
What is my budget? This is an important factor. Make sure you do your research before you decide upon your budget, familiarizing yourself with the average rents for commercial properties, size and location. List out other utilities you may needlike electricity, water, maintenance, phone, internet, etc.
What utilities do I need? Plan your budget for maintenance-related utilities you may not foresee immediately. You will need staff for cleaning the property, basic furniture, electricity, water, internet, washrooms, etc. This may not always be included within your rent, the serviced properties have all-inclusive packages that bring down your over-all cost.
Who will manage your reception? The reception desk is the face of every business, as it is the first place all potential clients and vendors visit before they visit you. Ensure the reception is located in a spacious lobby, and also managed efficiently and warmly. Now that you have evaluated what exactly you need for your office, you will need to move on to the next step; finding the right office space to suit your needs.
1. Real Estate Agents This is a time-honored source for those looking for commercial property for rent. PROS: Real estate agents are knowledgeable about the area, and will help you find a variety of properties as per your wants and budget. They will also help you with the lease agreement and other legal technicalities. CONS: Agents have acquired a negative reputation as untrustworthy. Your options may be intentionally limited by your agent depending on the commission he has been promised by owners of properties, and s/he may not help you get the best deal there is.
2. Real Estate rental portals With the internet taking over all areas of our lives, can real estate be left behind? Several rental portals have emerged in recent times, and are a good source of scouring for rental properties. PROS: The rental process works the same way as with an agent, but is more professional and there is a record of all transactions. CONS: Since this is a recent phenomenon, not all owners in an area put their properties up online. Your options are, thus, limited. The portal will also not help you negotiate a deal, like an agent would, and the process may seem daunting and impersonal to some.
3. Use Google Maps This is truly the ‘Google era’, with all information available at the click of a button. It would be a shame not to utilize the benefits search technology gives us. PROS: Several smart serviced offices have a presence on Google maps. Estimating the exact location and distances between other important locations, like offices of clients or vendors, is a breeze with Google Maps. CONS: This, again, being a recent phenomenon, may not list all available properties in the desired location. It also provides very little information about specifics of the property, like size, facilities, etc.
4. Business Listings Several businesses now have business listings on Google+, and a dedicated account or page on Facebook and Twitter. These are a great screening tool for properties. Apart from those look up for private and niche property and rental listings online. PROS: Finding commercial properties on rent in this manner is convenient and quick. You can also see photographs of the property and al major details like exact size, facilities on offer and expected rent, at a glance. CONS: Options may be limited, owing to this being a recent technology.
