5 Essential things to look for while renting Office Spaces in India

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5 Essential things to look for while renting
Office Spaces in India While investing a
reasonable sum of your capital into an
office space, the process needs to be reviewed
and evaluated over different parameters.
Christopher Hann, professor from New Jersey has
also dealt with matter of identifying the right
balance of ingredients while renting out an
office space.
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• The Realtor association in India and the GOI
  recommends new
• businesses to opt in for a local real estate
  agent who understands the geography better than
  you. Share your criteria and budget with them to
  avoid wastage of time by evaluating options that
  may not matter to you. Also, ensure that you
  dont look for options that mesmerize you with a
  lot of frills but take your objective away from
  you. Ensure that your real estate advisor/ broker
  runs a thorough due diligence of the terms and
  conditions of the rental agreement before
  plunging into it. With the help of the agent
  acquaint yourself with different types of rental
  agreements that prevail.
• We rant about location because it is what will
  stay permanent with your business. Your business
  cards, website and yourself will speak about it.
  Your customers, employees and vendors would
  associate your office with the location it is in.
  Evaluate a few questions like
• Is it a safe neighbourhood?
• Is it easy for commute?
• Is it perceived as a business location?
• Does it host other amenities like eateries and
  hospitals in close proximity?
• Run a thorough recce of the building in which
  your office space is located. The building
  should be a legally approved layout with all the
  necessary fire exits, corridors, staircase and
  elevators. Does the building accommodate smoking
  and break-out areas? Is there enough parking
  space?
• What services by the building management is being
  included in your rental agreement?

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These are few questions that require answers for
your decision. Once the major aspects are
evaluating, micro factors would drive your
decision. Do you get a manned reception?
How are the corridors and break-out areas
managed? How clean are offices for your team to
come and use? Is the team that manages your
office and the staff around helpful and cordial
to the requests? What are the common areas for
your team to use? You should also be evaluating
the air-conditioning, electrical, phone and
internet systems deployed at the office. Most
unnoticed factor while renting an office space
happens to be the environment at the workspace.
While natural elements like light, ergonomic
space and greenery adds character to the space
community, people and possible opportunities adds
energy to your office. An office space that
supports your team to stay energetic all the
time reduces a great deal of your work. Imagine
an office space support system that also does a
HRs job! We hope to hear from you the factors
that are critical to you while evaluating an
office space for rent. For each business the
formula changes and let us knows what works for
you.