Office Space on Rent- Tips to Land with Best Office Space for You

by Adam Smith Digital Marketing Manager

When you are starting a new business, you will need office if not you plan to make the whole affair online. Getting an office space on rent sounds quite easy. You post an ad in classified or look for an ad that suits your requirement, talk to the owner or the agent and seal the deal. An office space seeker would wish it was really this simple. You will find many ads in different classifieds, in newspapers or online directories but problem lies in the fact that how to get the right space. Right, there is no formula for that, nor any short cut. But here are some tips that can help you get the right office space for you.

1. Be Sure of Your Requirements- There are many promises made in the ads. Many of these have nothing to do with you or your business but if you get allured by them, you will end up paying additional rent uselessly. So, it is better to be sure of what your actual requirements are. This way you will be paying for the office space on rent and nothing else which is not needed.

2. Little Research at Your End- Before you start your Mission Office, it is advised to know about the range of rent in that area. This way you will know what to expect once you start looking for an office space on rent. Budget is a very important factor for every entrepreneur. So, if you have a prior idea, you can plan your expense and allocate funds in different avenues accordingly.

3. Your Budget- As mentioned before, budget often becomes the determining factor. Make a budget and adhere to it. There will be factors to allure you. Obviously more you pay, better facilities, locations and benefits you will get. So, it is better to stick to your budget instead of burning most of your resources on the rent alone. If you don’t have sufficient capital for initial payment, you can start with a serviced office which doesn’t need initial capital. This way, you can also get a furnished office in a prime location. Once your business gathers momentum, you can take a modest office space on rent.

4. Negotiation- Talk out with your real estate agent about deals like lowered rents for longer lease contracts, trading part of rent for some service etc. In short, don’t leave your agent till you get a deal with you standing at advantageous end.

Commercial property in Bangalore is quite expensive, so if you don’t have enough capital it is better not to look for Bangalore office space on rent. With tough competition between several competitors, it is difficult to survive there with insufficient fund.

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