The workspace is a key concern in today’s businesses. We know that it affects the productivity and well-being of the salaried workforce. Of course, depending on the type of business structure and potential tenant profiles, the chosen workspace will be different.
In the general subconscious, by default, the typical workspace is represented by a private office (also called a closed office). However, other growing companies are turning their choice of space into new models. The independent space is an example. Focus.
Rent an independent space: why?
We know only too well: Delhi real estate has long been confronted with an overproduction of goods and workspaces left empty. The fault is accessibility conditions that are too complex, improper rental conditions, too high operating costs, etc.
The so-called “independent office space in connaught place” designates a workspace whose area is substantial (from 40-50m²) and whose structure is at the complete disposal of a company. This kind of space is very popular with growing companies (workforce, production or activity): it allows to adapt and anticipate growth.
Rent an independent space with flexible duration: is it possible?
Given the large number of work spaces without occupants, it was urgent to find solutions to fill them.
Today, the 3/6/9 lease, a classic form of lease agreement for a property, governs 98% of contracts. This contract commits a company to rent an office for at least 3 years, renewable up to 9 years, so 3 times.
New players, such as start-ups, small and medium-sized businesses, as well as independent professionals, are bringing their needs to the fore across India. Thus, in recent years, the form of professional activities mutate and France has become in a short time and in the eyes of the world, a real “factory to entrepreneurs” and “factory to startups”.
Few of these small organizations have visibility over 3 years- These first 3 years of life represent for many a critical threshold, since 80% of start-ups created do not go beyond this period. Few still have the opportunity to enter the rigid conditions of the lease 3/6/9.
Fortunately, new uses, the adaptation of real estate legislation and the development of new types of contracts make it possible to rent all types of office space over a flexible period.
New forms of leases have recently been created: the subletting of offices, the provision of services, flexible or derogatory leases, precarious leases, etc. Thus, it is possible to rent an office for a minimum of 1 month, up to 36 months.
To rent an independent space, the case is more particular: the idea is to optimize the rented properties in Delhi on a long term.
Not to be confused…
Because of its size and rather loose layout, the independent space is not to be confused with other types of spaces. An independent space has the advantage of being fully convertible, partition able, and configurable at the discretion of the tenant (depending on the rental contract chosen).
This differs mainly from other types of spaces such as:
- Closed office (or private office), usually smaller;
- The workstation in coworking, business center or open space, shared with other companies
- Rent an independent space: different from coworking / business center
The idea behind renting such a space is not to work in complete autarky, but rather to emancipate itself from a framework in order to evolve by itself, without a third help. Renting an independent space is also suitable for companies with a certain foundation and financial stability.