Make Sure You Choose the Right Commercial Space for Rent

A great franchise in a poor location is akin to poor business. Finding a Commercial office space in Delhi & that too in South Delhi is beyond simply not just a hit & is a miss method. Doing your home-work properly is as more important than rushing out & looking for the first available space in the market.

 

Currently office properties are probably around 15-25% below their true market value. It is an effect because of the recession & stock market crash.

 

So how should you choose the perfect office space for your needs?

 

This is a question which is a very important one to ensure future success of your business.

Choosing office space can be very challenging because your decision will have so many consequences for your business. Furthermore, you can base your choice on your company’s future needs & not on your current situation. Entrepreneurs must consider these questions before signing any lease.

 

Is there space for your company to expand?

 

Any company must consider not only its immediate needs, but also growth and other factors that could change space requirements over the course of the lease. If you can't afford to take extra space to give you room to grow, try to negotiate a shorter lease term or add language to the lease that gives you the first right of negotiation on any adjacent space that becomes vacant.

 

Is it the right location for my key employees?

 

Consider where your key employees live and whether the space is convenient for them. A long, expensive commute may push them to seek employment elsewhere.

 

Is the location convenient for clients?

 

You also want your office to be accessible to clients, as transportation costs continue to rise and people may not be as willing to travel to patronize your business. Even in the age of video conferencing and Skype, it's important that face-to-face meetings be manageable.

 

Are there hidden costs I'm not considering?

 

Calculate the full cost of the space–rent, utilities, construction costs, moving expenses, and other costs that may not be obvious. Because there can be hidden expenses. You have to look at the costs associated with the move, even restoration of the space you're moving from.

 

What is the parking situation?

 

It's important to consider the amount of parking space available at your proposed location, as well as the potential cost to employees and customers. If parking is tight, is there a place where employees can park so customers get the most convenient spaces? Negotiating special employee rates and validating customers' parking tickets are good ideas, but they need to be worked into your budget.

 

How secure are the lease and rental rate?

 

The last thing you want is to get established in a space, then find at the end of your lease that your landlord is renting the space to someone else or jacking the rent way up. Clark suggests negotiating language into the initial lease that gives you the option to renew.

 

The property which you are choosing for commercial space should preferably be low-cost unless luxury is needed. If you cannot find the perfect commercial office space for rent then wait till the coast is clear!

 

Author Bio:

 

The Author of the article is an experienced content writer who is associated with the Office Space South Delhi, which is the leading company that brings spacious and serviced commercial space for rent at the reasonable rental fee.