However, finding the ideal office space in Bangalore is a task in itself. Small and new entrepreneurs have to spend months, sometimes years to find the ideal office space for their businesses. Here are some tips for helping you find office space in Bangalore.
Shortlist areas based on your budget
There are several commercial areas in Bangalore, and the rent varies with each locality. The perfect way to begin your search for an office space would be to shortlist areas based on your budget. If you are a new entrepreneur or if you already own a small business, calculate the amount you can afford to spend on rent every month. Based on this calculation, ask brokers or colleagues to look for offices in your budget.
Decide how much space you would need before starting your search
Once your budget is in place, draw up a space plan. Would you need a small office or medium sized one? How much space would you require? Make a list of these points and the answers before you begin your search. This will help you look for offices in areas that offer office sizes that suit your requirement.
Furnished office or unfurnished office
Depending on the amount of money you can keep aside for your new office, decide whether you’d like a furnished office or an unfurnished one. Furnished offices usually charge slightly higher rents, but the advantage is that you won’t need to spend the extra time and effort in making or buying your own furniture.
Sometimes, reputed companies with branch offices across the world choose to use business centers in certain cities. That’s because business centers take care of all the administrative hassles required to run an office. Whether you are a new entrepreneur or have a small business venture, a business centre might be a great idea for the first couple of years. It will help you focus on increasing your business value.
Target well known office complexes in commercial areas
In Bangalore, there are certain areas known for their office spaces. For instance, JP Nagar, BTM area and Jaya Nagar are famous for their well developed office spaces. The reason it helps to look for an office in known areas is that they are equipped with central air conditioning, 24 hour electricity and water supply. These factors will help in the smooth functioning of your business.
Minimum lease of 3 years
When you run a company, you have to follow strict rules and regulations. One of them is that when you relocate your office, you have to update the records at the registrar of companies. This is why it helps to hire an office space for at least 3 years. Look for owners who agree to 3 year terms. If you sign yearly contracts you might end up paying higher rents on a yearly basis which may be a disadvantage in the long run.