Tips of Finding and Finalize Short Term Commercial Leases at Bangalore

How to Finalize Short term office space

As the trends of recent economy suggests, long term office space commitments are not business-savvy. Due to this reason, many businesses comprising of small, mid and large size are heading towards short term leases which is a more economical way to get along with their business. Usually, commercial spaces are rented by companies to serve as temporary, manufacturing plants, production area and some rent a proper office setup for new business ventures.

If you are looking for an Short term space then Contact Find Space Consultants at Bangalore who can help you to find a good space. Nevertheless, the cause and purpose for renting should be taken into consideration beforehand.

There are several advantages of short term commercial leases. You should go through the article to fetch some of the valuable tips which will assist you in finding and finalising a short term lease.

• Look for lower initial investment
Short term leasing generally means high monthly rent but low initial investment. Start up companies should look for an office space where they can grow and shift to a bigger and permanent office when they are fully established.

• Very clearly mention the tenure of contract

Short term lease can be any time frame between 3 months to 10 years. Thus, you should very clearly find out and interpret the clauses mentioned in the lease regarding the duration of contract. If you need the office space for nine or ten years, better you go for long term commercial property agreement in order to cut off the huge monthly rents.

• Go for furnished offices

Go downs do not require any furnishing as such except the safety and security measures. But if you are looking to set up an office for short period of time, it is better to go for furnished space. There are numerous rental office spaces which have been already furnished with basic and advance amenities. We have well planned commercial furnished cheap offices at Whitefield which are fully furnished reach us now for a site visit. Additional charges will be levied for this added benefit, but you will figure out that it is much profitable in case of short term leases, as you cut off the expenses of transportation, relocation and packaging.

• Look for easy renewal schemes

Easy renewal schemes will help the company to extend the tenure of stay, if the place has been favourable to the office. The renewal agreement between tenant and landlord must be transparent and backed by standard legal proceedings.

• Allure landlords to get profitable transaction

 When you come across just the right place, size and location to set up your office, you can negotiate with the property owner. Allure the property owner by instantly paying the deposit and advance rent for two – three months. Also, show your interest to shift in the place immediately. Any landlord could hardly resist such lucrative offer.

• Look for a place in close proximity to other offers

While embarking on short term office space, make sure there are other profitable offers in the neighbouring places. Close proximity to other available rental spaces and property consultants will help you to shift your office swiftly, within short span of time.

Advantages for Having an Office in Business centers at Bangalore

Top Reasons why you should set up your office in prime business hub at Bangalore

Be it a service providing company or retail business, a good location plays an important role in the success of the business. Promoting business, escalating revenue and greater market exposure can be done with ease if you set up your office in a prime location or busy business centre. It is obvious that in some cases the cost of leasing and renting is more in business centers than in suburbs. We are a commercial real estate based at Bangalore we have cheap furnished Office spaces which when looked form a greater perspective and broader parameters, the advantages of having an office in prime business hub can overshadow the extra costs.

Therefore, an office needs to be located in a strategic place to fetch superior outcome. Below mentioned are some of the benefits that companies may get once they set up their offices in prominent business centers.

Enjoy visibility and experience  good traffic

Out of sight is out of mind. The physical address of your office must be present in front of everyone’s eye fetch attention. Besides, host of connections, roads and transports have made convenience easy for customers, office suppliers and employees.

A reputed place attracts flocks of people

‘What’s in a name’ is an old cliché which is no more relevant in present society. Nowadays, if your name is popular, you can sell almost anything. Very likely, a reputed commercial plug and play furnished office at Indirangar address will build up trust and confidence among people to work for the company or to experience their services or products. Unless your business is about amusement and recreation, fabricating office in a remote locale won’t walk the talk.

Easy access from residential sectors

Prominent locations and major business hubs have easy access to housing sectors. Surveys have revealed that less time and distance between jobsite and one’s house is directly proportional to better performance from the employees.

Host of financial centers and banks

Situation may arise when a company requires urgent financial support and legal aid from financial advisers and banking professionals, especially when it is in its introductory phase. A major business hub is stuffed with such organisations.

Equal immediacy to suppliers 

The charge of setting up an office in remote locale can be huge as the office supplies require safe transportation. But being in close proximity to suppliers, you can readily get the materials at much less prices.

Long listings of office spaces for rent and lease

Major locations offer multiple options to rent and lease office spaces. Brokers can help small businesses find short term lease powered by best deals.

Technological boom

Uninterrupted Internet, electricity, water supply, telecom facility and host of modern amenities can be experienced in a business center.

Huge foot traffic cuts introductory promotional costs

Busy business zone is stuffed with significant amount of foot traffic comprising of employers, employee from other companies, customers, interviewees, etc. Experiment with different promotional approaches (like announcements and sign ups) upon this ready-made customer base and attract them.

The current Office space absorption in Bangalore is one the best in the country

Bangalore – One of the Asia’s hot office-space locations

Very recently, a headline has grabbed everyone’s attention, i.e. Bangalore is predicted to witness the second highest demand for being the city with 6.3 million sq feet office space absorption in Asia Pacific region, this year. This report was brought under public’s eye by reputed and global property consultant - Find Space Consultants.

Tokyo is expected to seize the 1st rank in 2014 by witnessing 7.6 million sq feet office space absorption, according to the report. Among 30 cities, Manila is crowned the third position by having 6 million sq feet office space demand. Another city from India, i.e. its capital has taken the 6th position with estimated 3.7 million sq feet office space absorption at Bangalore which turned out to be the hub of advance technology industries and in the mid 90s, when other states have merely developed; this city seized the limelight by nesting greatest number of IT companies in India.

 The Silicon Valley of India has relative advantages in the IT/ITES sector which is due to the presence of various factors likee

• high education facilities and skilled work force
• favorable state government policies
• accessibility to research laboratories
• foreign investors’ eye on the place

This article aims to find out the reasons for Bangalore’s being in the global news for its immense development in office sector.

Present scenario: Worldwide economic scenario has greatly affected IT/ITES industry, which has resulted in to the overall growth of particular sector in demand for Plug n Play offices in India. Dollar to rupee exchange rate has become more favorable and global economic picture has also enhanced. This will lead to increasing exports of Information Technology services from India. As a result, IT companies are expected to expand. Since, maximum numbers of IT companies are located in Bangalore; it will give a boost to office space absorption. The growth is estimated to be 16% more than previous year.
     
Balance distribution of office locations: Already stuffed office locations like Electronic City, Central Business District, Indira Nagar and Offices at Koramangala are facing congestion, heavy traffic and mismanagement due to over demand offices. But still Bangalore has continued to be the hot spot with its perfect extension plans and plot allocations in the suburban locations like Outer ring Road belt, Whitefield etc.

Increased interest of startups: Globalisation and urban restructuring has welcomed huge networks of engineers, techie minds with international work experience, tech savvy customers and rocketing pool of fund providing companies like SAIF, Light speed, Canaan Partners etc. As there are many investment, fund providing companies and favourable government policies, approval of start up funds is easy. The start up companies find it easy to follow the success track of mentors which are globally reckoned firms. New ventures can easily pick up experienced employees from the huge reservoir. Besides, it has already become the brand ambassador of cutting edge technology. These factors are renovating the city into a global start up centre.