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What It Takes To Seal The Right Office Space Deal?

By Author: While initializing your business setup, choosing a
Total Articles: 105

While initializing your business setup, choosing an office space becomes important. There are several essential factors for sealing the right office space deal:

Place

It is vital to ensure that your employees can commute to your office easily otherwise they may find other employment options. Suppose you are relocating to an urban area, you should examine the nearest railway or bus station and convey to your staff members about the manner in which the move might affect their daily schedule.

You may desire to be near your customers. If your company is selling a tangible product, see whether you will have reach to your suppliers from the place.

Also, it might be useful to see whether there are facilities nearby the office space where your employees can have meals or you can have lunch with your clients.

Price

Prior to sealing the office deal, calculate the entire cost of your new office and include any utilities, logistic expense and construction cost. If you are concerned about hidden costs, hiring a professional broker will be a wise decision as you will get a proper idea about your financial estimate. You should also get a protected lease and rental rate because you would not wish to establish an office whose rent might increase or which may be given to others in future.

The building

An important thing to look for is whether the building has effective and trustworthy measures. Some buildings have persons in reception area and if such is the situation, you may want to see the customer service at front desk and judge if it matches your standards.

Also, view the parking area. Is there enough parking for your employees and customers?

Finally, is the building properly maintained? You can enquire from other tenants about their experience with the services offered. You can also check whether any renovation work is going to be done, which might affect your business productivity?

The Office Space

Whether the office location will be feasible for your business is a big question. You should look if there is enough space for your employees, and whether the layout is compatible with your company’s work style.

Consider also if there is scope of expansion? Take into account the wellbeing of your business and if your office space restricts growth, look for short term lease options or feasibility of negotiating for rights to adjacent areas later on.

If you want to buy property in Vadodara, especially an office space for your business then Sun Fin Realty is the best real estate firm to consult from. Established in Baroda, it is a trusted name in real estate consultancy and offers only the best buying, selling, leasing and investing solutions to clients. It deals in both residential and commercial property and its business has expanded all over Gujarat and Rajasthan. Its professional staff will provide you the most economical and suitable options that will match your budget.

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