5 Tips to Remember When Renting Your Office Space


Finding an office space isn’t like looking for an apartment to rent or a house to buy. Startups, particularly less experienced young entrepreneurs must consider few factors when looking for office space as their one wrong move can get them into deep financial crisis. Here are some key facts of office cabins for rent that must be kept in mind during your office search.

Choose A Location That is Easily Accessible

Always keep your clients in mind when choosing a location. Will your prospective clients able to find it easily? Also, ensure that the office space is close enough for your team members to commute. Check if the office location you’re considering is easily accessible from freeways or public transportation links? Situated on Zirakpur-Patiala Road NH 22, Tricity Trade Tower is one such example that is a prime location with highlights such as 4 lane road, connectivity to airport road and expressways. This is an ideal location for frequent business travelers.

Fix A Budget

Once you’ve finalized the location, a cost must be your next big concern. Crunch your numbers even before you start finding a budget that will allow you to operate peacefully. So, make sure you choose an office space that doesn’t stunt the growth of your business.

Amenities You Get With Your Office

The amenities located nearby could impact your decision. Your clients, your team will like an office that has a cafe, food court, retail outlets, and other stress busters to offer an evidence of clout and confidence to a businessman or entrepreneur. Your visitors are surely going to appreciate you for your aesthetic sensibility and discerning eye for beauty. Certain places where you need to visit regularly for business purposes like banks, ATM’s, conference hall, meeting spaces should be nearby as well.

Go With A Long-Term Lease

As with a long-term lease, you get the chance to rent an office with a good location and high value, it can prove much more affordable for your business. With more free working capital, your business can respond to more opportunities. One of the inevitable advantages of office space on long term lease is that you enjoy the insulation from the risk of rent hikes throughout the term of your lease. Long-term stability ensures that you have the time to focus solely on running your business rather than moving your business again and again. And the longer the lease term the more negotiating power you’ve. However, with a short-term lease, you don’t have the bargaining power and you’ve to pay whatever is asked.

Also Read: Negotiate the Best Deal for Your Business

Raising Ground For Startups & Entrepreneurs

The world-class infrastructure, prime location, easy accessibility and endless benefits associated with office spaces on rent makes them a fertile workplace for startups and entrepreneurs. The booming startup culture is also responsible for boosting the demand for office spaces on rent. This demand for office spaces is expected to continue to grow, which is foreseen from the fact that the demand of the property is more than its supply from the last few months.

Whether rented or leased, semi furnished or fully furnished, office spaces today offer unlimited options of floors and are emerging as the upcoming business hub of the location in which they are strategically placed. They are a perfect choice for the people who wish to operate their business from a centralized location but without costly overheads.

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