A Well Furnished Office Space can Make Profit to Your Business

The overall turn down had compelled a huge number of bulk space occupiers to move to smaller and inexpensive spaces with lower rentals. Unemployment, layoffs, job cuts and winding up business operations were the effects. This created a big vacancy percentage in existing furnished and ready to move in spaces. Now in the year 2013 where the Indian market is showing optimistic signs of positive improvement and considering the GDP growth of the previous year, has generated fresh demands for office space rentals. 

With rising challenges and continually changing market needs, every organization, these days is combating with the business needs to perform the best in the industry. One of the key factors that the organizations consider for the better functioning of their business is their office spaces. Usually, large organizations opt for a furnished office space to increase their business efficiency and their employees’ concentration. Office infrastructure is very significant for any association to create more interest of their workforce at work. In case you are changing your office furniture and planning a revamp, then choose for the business centers and agencies, which can give these services to your organization. 

Many agencies provide different services like reception, security, utility, telecommunication, cleaning, IT etc., through which you can save your budget and add to the profit. However, along with these services, it is also imperative that you hire an organization, which will make use of all the available space in your premises and give it a complete new look. There are many agencies that offer furnished office space with all the amenities and infrastructure intact. The furnished office space will certainly astonish your patrons and business partners. You can take this space either on rent or on lease. These agencies offer a complete range of services and when you think about furnished space, they assure that all the facilities are there. Now, you need not worry about IT and telecom equipment maintenance, as it is looked after by these agencies. 

Usually, there are certain agencies and business complexes, which also provide many other services such as long-term offices, short-term offices, branch & project offices, meeting rooms and many more. These can give you ample space, which can match your organizational needs. If you begin a small company, then it is a better idea to check with these agencies for office space. These complexes can offer you an elegant look to your office. In this way, you can also amaze your customers and partners with the well-furnished infrastructure and all the facilities. 

Decide the best location for your office to meet the potential clients and partners. The location must also be suitable to the employees for commuting. These days, most of the people think about their ease for commuting to office because of the increased traffic. So it is good to select the office space, which can have all the amenities and services. 

See our Google Plus Page for more details: Office Space in Bangalore

Demand for Office Space in Bangalore Rises

There is no doubt that the past few years have witnessed one of the most hard times for the industry in recent times. A lot of oncoming projects were cancelled, business investment was slow and as a result the demand for office space slowed down significantly. However, the dawn of new normal has seen comeback in the demand for office space fueled by business growth of corporate India in the backdrop of fiscal recovery. 

Bangalore which is the Silicon Valley for the IT industry in India has seen increasing demand for office space in recent times. There has been an exceptional change in the commercial sector in Bangalore. With signs in the global market gaining space, commercial office space at Bangalore has begun to strengthen, focusing on diversification, affordability and delivery. 

The new idea of office space in Bangalore is no more restricted within four walls, but extended beyond it. Companies are now impending with new concepts to make working space as dramatic and creative as possible to enhance the productivity of the employees.

According to a corporate communications professional, all this considerable transformation is completely driven by the presence of MNCs. Their presence to go for Grade A offices have changed the residential districts into a commercial hub. Yet another latest concept in the commercial sector is the integrated developments: An idea to combine work and living in the same vicinity. Such a locality will be inclusive of school, super specialty hospital, malls, multiplexes, residential complexes, hotels and the list goes...

Localities in Focus

The outer ring road (ORR) and Whitefield continue to dominate as favored location choices due to striking pricing. The cost of business operations would likely be a vital factor for deciding on the location. Most of the new Grade A office spaces will be seen along the ORR and Metro rail network. The expansion of IT and aerospace parks near Devanahalli will also generate a chain of developments in the realty market. This will come about when the existing spaces within the city and along the ORR are full.

5 Easy Tips for Finding Office Space for Rent in Bangalore

Bangalore, India’s IT city is known for its high profile residential areas and commercial complexes. With the growing of IT industry, the demand for commercial space for rent is on the rise. 

However, finding the perfect Office Space in Bangalore is a task in itself as many factors including location, cost and amenities must be taken into account. Small and new entrepreneurs have to spend months and sometimes years to get the ideal office space for their businesses. 

Here are 5 tips that will certainly help you in locating just the right office space in Bangalore.

1. Pick out Areas Based on your Budget

There are several commercial areas in Bangalore, and the rent varies with each locality. If you are a new entrepreneur or if you already possess a small business, estimate the amount you can afford to spend on rent each month. Based on this calculation, ask brokers or colleagues to seek offices in your budget.

2. Decide Office Space Requirements

Once your budget is in place, sketch out a space plan. Would you need a small office or medium sized one? Make a list of these points and the answers prior to your search. This will help you search for offices in areas that offer office sizes as per your requirement.

3. Furnished Office or Unfurnished Office

Furnished offices normally charge slightly higher rents, but the advantage is that you won’t need to waste extra time and effort in making or buying your own furniture.

4. Business Centers

At times, reputed companies with branch offices across the world prefer to make use of business centers in certain cities. That’s because business centers take care of all the administrative hassles needed to run an office and increase your business value. 

5. Location Matters

In Bangalore, there are definite areas known for their office spaces. The reason to look for an office in known areas is that they are equipped with central air conditioning, 24 hour electricity and water supply. 

Lastly, you can compare the above mentioned steps and details with that of offices in various business centers. Do not hurry. Take some time and you will find out the best choice. 

Demand for Office Space in Bangalore Rises Due to Striking Rates

The present commercial real estate in Bangalore has been observing a boost due to the increased demand for office space in spite of the growing improbability in the European markets.

A variety of factors are liable which make the city perfect for investors. Factors like increased connectivity to the Outer Ring Road (ORR), through the state-of-the-art infrastructure, availability of the Special Economic Zone (SEZ) for IT expansions, and up-to-date Metro development passage are mainly responsible for the rising demand in office spaces. 

Bangalore is the only place which abodes the mid-sized firms and small and medium enterprises (SMEs). The global innovation centers prefer Real estate of Bangalore over other cities due to its eco-system and talent pool availability. Furnished Office Space in Bangalore along the ORR and Whitefield are the same as that of the Tier II cities. In addition, the city is also contributing in creating a sustainable business eco-system along with social infrastructure by means of private partnerships. 

In comparison to other countries Indian markets have always remained steady in terms of affordability despite a boost up in 2012. It further has broadened base of occupiers with an increased realistic supply sentiment which is anticipated to get steadiness all through the Indian markets. 

Another report states that the office space for rent in Bangalore viewed the extension of the leasing activity in the beginning of 2013 with the whole vacancy in the city dipping due to the constant demand from the occupiers and the restricted supply. There were no new completions in January in the city and the rentals remained steady in the city’s sub-markets due to the stable demand and controlled supply. Possibly there was an approval in the capital value in the sub-markets.

Presently, cities like Whitefield and ORR are dominating and are the favorite locations due to their competitive prices.  However, one of the key factors liable for determining the location is the cost of business operations. It was stated that these areas are observing a fast growth of SEZ and non-SEZ spaces with aggressive pricing models by the developers.