What Are Tenants Looking For? Demand For Commercial Real Estate

Selecting an office is not an easy task. But it’s even more important to clarify a number of points during personal negotiations or when viewing an office.

It is clear that by acquiring an office, warehouse or retail space, the owner wants to receive income. But in order to sell something you need, you must first buy something you need. What is the demand for commercial real estate for rent today, and how the preferences of metropolitan tenants are changing.

Tenants are becoming more demanding on the quality of rented premises. However, in principle, the tenant is required to maintain the premises. He must thus repair all that has been degraded by him or by third parties.

In addition, tenants are ready to sublease small premises. Such offices are most often looking for individual entrepreneurs and organizations, in which mostly employees work remotely, or businessmen who are just starting their business.

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What does demand depend on?

In short and capacious, it depends on the economic situation in the country and the level of well-being of potential tenant companies. Therefore, it is clear that an office or warehouse of a considerable area will be more difficult to hand over than a small room.

If you look a little wider, then the demand for commercial real estate depends on several fundamental factors:

  • Building profile. A free-use premise is easier to “find” a tenant than a building converted to a bank office;
  • High passability of the location and convenient transport location will attract the attention of a wide range of tenants. Premises located on the outskirts or far from the metro – only if the cost of the company is more important than comfort;
  • Market conditions;
  • Recognition of a place (for example, a business center).

Offices

In the office space segment, areas of 100-300 m2 located in DLF cyber city-Gurgaon are most in demand. Such an area is optimal for companies representing small and medium-sized businesses.

Typical tenants are consumer services firms, the IT sector, trading and construction companies. While a fully furnished office space in Gurgaon speed up the entry of tenants, so it makes sense to furnish your property first and then put it on rent.

Blocks with an area of ​​500-1000 m2 are less in demand, so when buying or renting an office space, it is reasonable to consider the possibility of dividing the room into small blocks.

Warehouses

The most popular at the moment are spaces of 1000-3000 m2. As additional requirements, tenants indicate high ceilings, floor loads, a certain temperature, the presence of road and rail access roads, and a ramp.

The owner wants to get the maximum income from renting his premises, and the tenant wants to save. The intersection of their interests is the very point of adequate price. It is best to turn to real estate agents in Gurgaon for help: their objective assessment of the market situation and the potential of the space will be more accurate.