Checklist for leasing commercial office space

Leasing an office space is not an easy task like purchasing vegetables in the market. You should do the study of many aspects before making any decision. Gather the data of different properties, market situation then analyze this data and hire your commercial office space. Here are some points which should consider before making any deal.

·         Area: Area is the base of the deal in the market of real estate. So check the area details of the property and confirm that you are going to pay for the proper area.

·         Documents: Check all documents of that particular commercial office space/property to avoid legal problems. Make sure that all documents are original and completed and fulfill all requirements of government and law.

·         Rate: Once you confirmed the area then go for the rate. Check what is rent for per usable square foot.

·         Market Value: Check the market value of that property and make sure that the property deserves the rent which is expected by the property owner.

·         Included and Additional charges: Check which charges are included in the rent and which are additional. Such as electricity bill, Water Supply bill, maintenance charge and government tax etc.  

·         Deposit Amount: Every property owner decides the amount of the security deposit by its own terms. Some property owners take the next few months rent in advance, and some charge a fixed amount. So confirm the amount of deposit.

·         Negotiation: Now this is the main point where you can save your much bucks and make a profitable deal. Every businessman should try to save his money wherever he can, so negotiate.

These are some important things which should consider before leasing the commercial office space. 

Selecting an Ideal Office space- Key Factors

A spacious office is very important for any business. It makes a good impact to your clients because your office tells much about your business and its progress. It is not an easy task to find the suitable office space for your business. But by using your creativity and ability you should complete this task perfectly with your requirements.

We should consider many things to demonstrate this task. I have mentioned few key points here.

• Business type : We can easily categorize business in different types such as Industrial, Commercial, IT/Software, Showroom, Retail Shop. We can also divide it into Small scale business, Medium scale or Large scale business etc.
• Budget: As per your business type and requirement you can finalize your budget for office space and its maintenance.
•   Number of staff: We should know the amount of required resources so we can forecast the required area for staff.
•  Suitable location: Location is the very major factor which definitely affects on the growth of your business. For Example: If you are looking an Office Space in Pune for IT/Software company. Then we prefer the Hinjewadi IT park which is a very developed area with all essential facilities in Pune 
•  Required area for office: We can easily estimate the required area for the business by it’s size/type.
• Availability of all basic facilities: Car parking, Transport for your employees, Accessibility for your clients, Visibility for road etc.

 So finalize your key points as per your needs and then start your hunt for the suitable office. Once you get aware about what you want for your office then you can easily find it.

Don’t waste your bucks on agents and brokers, you may directly approach the owner of property. We live in the era of the internet and it makes the human life easier day by day. Then start your search by googling your needs. It is a very convenient way to approach the owner of a particular property. Many builders and developers have their own websites and they have listed in many real estate directories also.