Tips For Choosing The Best Location For Your Business

Commercial rents have fallen in recent years, allowing businessmen to find a more suitable location to gain visibility and thereby increase their customers. A bad location can make the best business fail. And vice versa, a good one can bring people to almost any company.

The best location always depends on the type of activity. Commercial rental prices have declined in recent years due to the closure of many businesses. Some have even dropped by half, so it may be a good opportunity for you to pack and find the best location for your business, for example, you can shift to an IT office space in Gurgaon.

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What do I do?

The best space for a company will depend, first of all, on the activity it carries out. Those purely industrial are located in the industrial estates, a place that is also usually chosen for those companies that need a warehouse and central offices, but have several centers located in the interior of the cities.

Where is my audience?

The business must be located where your customers are or spend most of the time. Those who sell products or direct services, such as a hairdresser, have to look for premises at street level in areas with residents with age and purchasing power according to their services. For example, a luxury shoe store should not be in a popular neighborhood.

Within that zone, it is important to study the exact location. Normally, those at the intersections of two streets are more interesting because they have more visibility, something that also happens if you are next to a crosswalk, a bus stop or a subway.

On the contrary, very wide streets with boulevards in the middle or roundabouts are not a good idea, as it is difficult to see the establishment from the opposite sidewalk.

Conversely, businesses that do not have such a direct relationship with their public do not need to be on the street. For example, dental clinics or accounting consultancies are usually high.

In these cases, it is recommended that they choose the first floor, so that the advertisements with their services and their telephone number are seen well from the street.

What about the competition?

It is not always negative to be surrounded by other companies in the same sector. For example, fashion or accessories stores need similar ones in the same area, since shoppers prefer to go to areas where they have a lot of supply. For this reason, large stores or shopping streets are perfect for them.

However, there are businesses where the competition does not suit them. This is the case of veterinary clinics, whose offer is practically the same in all of them. Here a newly created neighborhood is a good choice to open a center and thus position itself before other competitors arrive.

Is it adapted for what my business needs?

It is also essential to take into account how it is conditioned. The owners of fully furnished office spaces in Gurgaon do not include this section in the rent, and that is a cost, often important. We must not forget that the premises that we want to rent have the appropriate permits for the activity that we are going to carry out, for example, it is necessary to have an approved smoke outlet in the case of a bar or restaurant.

Where To Rent An Office?

For each company, regardless of its size and scope of activity, there comes a time when it is necessary to find a suitable room for a new office. The grounds for finding a room can be very different:

  • Staff expansion;
  • Opening a new representative office or branch of the company;
  • Optimization of company resources;
  • Search for a more convenient and advantageous location.

In addition, each business is characterized by specific features that may require a change in location. In any case, the question of how to find a room for a business is sooner or later asked by every developing entrepreneur.

For the successful implementation of this task, you must first determine the requirements of the business. Depending on which indicator plays a key role for the enterprise, you will choose the right office for the company.

To rent a fully furnished office space in Gurgaon that would meet your requirements, it is worth considering several standard characteristics:

  • Location of the office center: convenient transportation, proximity to public transport stops, busy streets and avenues;
  • Building infrastructure: security and fire extinguishing systems, the use of energy-efficient technologies, modern ventilation, air conditioning and heating systems, video surveillance systems, 24-hour security and access to your office;
  • Interior: the area and layout of the desired office space, the availability of repairs and the necessary communications;
  • Exterior: the appearance of the office center, the presence of spacious parking, the quality of building maintenance;
  • Company budget for office rental and rates offered by the landlord.

Having drawn parallels between the requirements of your business and what the market offers, you will be able to most fully answer the question of how to choose an office space in any area.

Where is it better to rent an office?

Today, on the commercial real estate rental market, quite often there are proposals to rent an IT office space in Noida without repair. Such a solution in some cases has its advantages:

  • The ability to make repairs on an individual project;
  • To carry out finishing work and office design taking into account corporate subjects;
  • Create the most convenient layout for company employees.

In addition, provided that repairs are carried out on your own, you can agree with the lessor on more favorable conditions for cooperation for your company. Considering the fact that the loft-style office is a popular solution for modern business, your expenses for the repair of the premises can be minimized.

Today, office rental in business centers is of increasing interest among companies. Each of the entrepreneurs who can rent an office in the metropolitan business center will certainly appreciate the main advantages:

  • Favorable location of the building in any;
  • Availability of own security systems and firefighting;
  • 24 hour security and video surveillance;
  • Cleaning service;
  • Developed infrastructure of the building itself;
  • Spacious parking and attractive exterior.

In most office centers, two indicators are used in pricing: rental rate and operating payments (service payments). In addition, it is necessary to take into account the indicator of total area.

The closer the office center building is located to the city center, the higher its status – the more expensive the rental. Do not forget about the golden rule: a company that rents a large area for a long term has every chance to agree on more favorable rental conditions and tariffs.