The
decision to choose the right commercial space is crucial to the success of any
business enterprise. Making the right choice requires a thorough
financial analysis of the lease, rental terms and conditions and anticipated
hike in rent. However just as important is a detailed assessment of other
attributes of the office environment to ensure that you make the best real
estate decision.Even as rent remains the single most important factor to
ascertain a prospective commercial space, other parameters such as secure
neighbourhood, amenities and infrastructure should not be ignored. In fact,
these factors add value to the lives of the employees and have a direct impact
on their productivity and efficiency.This two-part blog series compares
external factors to the office environment and highlights the importance of
secondary parameters that should be considered while choosing a commercial
space.
EXTERNAL
FACTORS
Rent
Rent is probably the most important factor to consider while
choosing a commercial space. It is advisable for any tenant to be well aware of
prevailing rent of a similar project he may be interested in. He should also
have data of the last transaction at their preferred location for a similar
project. This is possible only if the tenant is exploring options through a
reputed consultant.
Operating expenses
Recurring costs such as power bills, taxes and maintenance fees
add up and contribute significantly to the total cost of occupancy. As a
prospective tenant, you should finalize space in a green buildings or LEED
certified buildings where you can save on operational expenses. There are many
advantages of working out of green building such as efficient use of power,
water and other resources. Green buildings are also known to protect the health
of occupants and increase their productivity.
Location
The right location should be one of the biggest deciding factors
in choosing an office space for your business. The office should be easily
accessible for your employees and clients. While rents in Central Business
Districts are high, the prime location of your office could significantly cut
down the commute time for your employees.
Space
Along with a convenient location, you should invest in a space
with ergonomic design. Equally important is for the office space to be
aesthetically pleasing, as this helps create a positive and productive work
environment.
OFFICE
ENVIRONMENT
Secure Neigbourhood
Employees spend long hours in the office, so having a secure
neighbourhood where they feel safe should be a high priority. Choosing a
distant and desolate location with low rent may backfire if it fails to provide
security to your employees. It’s important to ensure that they feel safe
leaving the office area even at odd hours. They should also be able to leave
their vehicles in the parking lot for an extended period of time.
Traffic and commute to office
A long commute can tire out employees even before they’ve
reached the office. You must consider the local traffic patterns around your
office and steer clear of congested areas. If your office is far from your
target market, your team may end up spending more time on the road than in
office or with clients. It’s also important to ensure close proximity of metro
stations and bus stops and easy access to auto rickshaws and other modes of
public transport.
Recreation Options
Life doesn’t stop beyond office hours as your employees have
errands to run after work. For this reason, they will surely appreciate the
presence of a bank, pharmacy and shopping area close to your office location.
Some good restaurants in the area will also give them an option for their lunch
break. So if you are looking to get a rented commercial office space visit Allindiayellowpage.com to get detail
information about commercial purpose buildings for your office or business
work.