Commercial spaces are the backbone of the functioning of any city. They are not just used for commercial purposes but also as a hub for different businesses to meet and collaborate. The commercial spaces in a city accommodate offices, meeting rooms, workshops, and business centers as well as storage space for documents and goods. Most people would associate commercial properties with skyscraping towers filled with professionals or even warehouses in industrial zones. However, that’s not always the case. In smaller towns, you might find a few old buildings that have been repurposed into new office spaces, boutique hotels, food markets or other smaller scale commercial properties. As you explore your options for commercial properties in Gurgaon, keep these insights in mind.
How to find the right commercial office space in Gurgaon
Let’s start by looking at the key factors that you should keep in mind before you start your commercial real estate search. This will help you narrow down your search criteria and find the perfect commercial space for your business. Location – The first thing to consider is the location of the commercial space that you choose. This will depend on a few factors like the type of business you have and the type of employees that you have. You might want to stay close to your employees or clients so it’s easier for them to get to meetings on time or find where they need to go. Alternatively, you can decide to be closer to your vendors or suppliers to help you reduce your logistics costs. Size – The next is the size of the office that you need. This is usually determined by the number of employees that you have. The larger your team is, the more space you’ll need to comfortably work in. If you’re thinking of expanding your business, you can look for commercial properties that are a bit bigger so you can accommodate future growth.
What to look for in a commercial office space
Once you’ve narrowed down your options, it’s time to look for commercial properties in Gurgaon that best meet your needs. Think about the following as you search for commercial office space in Gurgaon. Space – This is the obvious one. Think about how many employees you have, how many will be added in the future and what their roles are. You might want to consider different spaces in the building to accommodate different departments. Furniture and fixtures – What kind of furniture and fixtures are in the commercial space? Does it have the right configuration for your team? You might have to pay a little extra to change out the furniture and fixtures in the office space if you find that your team can’t work in them comfortably. Building amenities – What amenities does the commercial property have? Are there meeting rooms, a cafeteria, a gym, and are they in good condition? Are they being used? Consider what other commercial spaces in that building have these amenities and which ones are the most useful for your team. Security – If you’re looking for commercial properties in Gurgaon, you should consider the security of the building. What is the crime rate of the area? Does the building have security guards and systems or is it self-managed? Do you have to pay extra for security systems or guards? Is there a fire system in place? You don’t want to find yourself in a dangerous situation. Cost – Finally, it’s important to consider the costs of the commercial property that you choose. You’ll want to make sure that you’ll be able to pay the rent every month on time. You can also negotiate on the monthly rent if you find that the building has been vacant for a long time.
Office Space Costs in Gurgaon
The costs of commercial properties in Gurgaon will vary depending on the location, the amenities, and the size of the building. You can expect to pay around 20,000 INR per square feet for a commercial space in a CBD. If you’re looking for commercial properties in Gurgaon that don’t have any commercial activity, you might have to look at around 8,000 INR per square feet. You can also look at taking a commercial lease or buying a commercial property in Gurgaon. Commercial leases are usually short-term contracts that you can get if you’re not sure if you want to stay in the location long-term. Commercial leases usually have a 3-5 year period. Commercial property owners might also consider you as a potential partner in the building, especially if they have an equity-rich deal in mind.
Commercial Malls and Shopping Centers
Commercial properties like shopping centers and commercial malls can be a great option for larger businesses. They usually come with a large space for meetings and events, as well as a cafeteria for employees. They also have a large inventory of retail shops that you can rent out to bring in additional revenue. You should look for commercial properties in Gurgaon that are well-situated in the city and come with good foot traffic and visibility. Shopping centers and commercial malls in Gurgaon would be more expensive since real estate in the city is a bit pricey. You can expect to pay around 50,000 INR per square feet for commercial properties in Gurgaon.
Co-Working Spaces and incubation centers
If you’re looking for something a little different and more modern, you can look into co-working spaces and incubation centers. Co-working spaces are usually located in office buildings or large commercial properties with other business offices. You can expect to pay around 20,000-40,000 INR per square feet, depending on the type of deal that you negotiate. Co-working spaces are great for your business if you don’t want to deal with the headache of finding or renting a commercial property and all the paperwork that comes with it. This way, you’re not committed to a specific location and don’t have to worry about maintenance. Co-working spaces are usually managed by a third party and provide you access to other business owners, mentors, and investors so you can collaborate more easily.
Final words: Wrapping up
Commercial real estate holds the promise of growth, expansion, and many other benefits. When you choose the right commercial property, you can be sure that you will thrive and succeed. But finding the right commercial property can be tricky. Fortunately, this article is here to help. It has all the information you need to find the right commercial office space in Gurgaon. Whether you’re looking for office spaces, industry specific facilities, or commercial malls, you can find what you’re looking for with this article and our guide.