When you are starting your business or expanding it, it is not prudent to buy an office space and lock your capital; it is always prudent to take a commercial office space for rent. To do that, there are various factors you need to take into consideration. If you are looking for an office space, then look at these tips first.
- The first thing you need to carefully think about before finding your dream office is how much space you need. Depending on your employee strength, it should be around 1000 square meters for every 6 employees who will be sitting there and doing their job. That should be the starting point of your search for office space in West Delhi.
- Don’t go for locations that are out of the way or quite far from the city; your employees will need to commute to the location every day. So, keep their requirements in mind and find one that is easily accessible through local transport. That way your employees will be on time and will stay with you for a longer period of work. Also, if you have female employees, make sure the area from where they will be catching their local commute is safe, in case they leave late at night.
- If you are a start-up and crunched for budget, find like-minded entrepreneurs like yourself and find a coworking space in Delhi NCR. Of course, it will work only when you both have two different types of businesses! You can share the meeting room and other such areas while having dedicated sections for each of your businesses.
- Another thing to consider is what kind of commercial property is best for you. Based on that, you can choose in a business park, retail location or industrial park. Of course, this will entirely depend on your business type. With each state government offering specific industrial areas for specific industries (for example, a dedicated leather zone for leather industry or an IT hub for the IT industry, etc.), it will be easy to find an office space for rent there. Most of the time, they are subsidized so the cost will also be reasonable.
- When you check out the location, keep certain things in mind. Make sure there are parking spaces available nearby or in the building for both four-wheelers and two-wheelers if your employees commute to work in their vehicle. Similarly, check if space has its bathrooms or do your employee has to go to the shared bathroom. Other things that space should have are a meeting room, a break room, and a reception area.
- Be careful when you read the lease agreement. Don’t go for a long-term lease as your business may outgrow the space you are renting for now. Also, don’t be afraid to negotiate the price with your landlord. For example, you can ask for a month free if the office space for a lease agreement is for two years or a discount of 5 to 20% on the negotiated price.
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