7 Unbelievable Expert Tips for finding the right office Space for sale in India

Based on my holistic research, here I have listed 7 expert tips for finding the perfect office space for your start-up in Chennai -

1. Know how much space you need

Typically, a good rule of thumb is budgeting for about 1,000 square feet for every four to six employees in a working space. Depending on the layout, you should trigger out to squeeze comfortably using this basic formula.

1. Be considerate of your employees

Map out where your employees are residing and seek out a commercial office space which is relatively convenient for each to travel to on a regular basis. Most probably, travelling from a centralized location is the most important consideration in the process.

1. Be open to subleasing an office

If you are just starting to pull in revenue but you are not profitable, you might not have enough in the bank to convince a landlord to rent a commercial space to you for longer period of time. If this is the case for you, I suggest you to sublease your first office space. Shorter term commercial subleases are often month to month and more rarely week to week. Some can also last for a year.

1. Work with a trusted real estate agent

Look up for the commercial real estate agents on professional platforms like LinkedIn and see what former clients are saying about them online. This will help you to make smart property decisions.

1. Consider setting up commercial shop at a co-working space

This is likely your best bet if you are working with tight budget and require flexibility with low-cost arrangement. Depending on the specific co-working location, you could rent a range of commercial co-working spaces from team-friendly environments to dedicated individual desk to entire conference room set-ups on an hourly, weekly or monthly basis.

1. Know that everything is negotiable, even rent

There are no hard and fast rules when it comes to nailing down commercial office space for rent. For example, just because the rent of commercial office is listed as 50,000 a month doesn’t mean that its actual rental cost is same for the month. You should always negotiate the price value of rent between 5 to 20 percent below the listed price. You can even ask for free rent to your landlord, depending on the state of the market. For example, for every year you sign a lease, you might have the possibility of scoring 1 month’s rent at no charge. So, if you are dealing the contract for 1 year lease, request one month of free rent. For a 2 year lease, ask for two months rent-free. While this is something a commercial real-estate agent does all the time as a part of their marketing strategy.

1. Make sure you don’t end up with an awful landlord

Unpleasant landlords are right up there with bad bosses. They can make your life and the employee’s life miserable. To ensure you end up with a good landlord who is professional and plays fair, talk to tenants in the building (or co-working arrangement) that includes materials and maintenance costs.

So, these were some of the 7 incredible tips from Cadson Realty experts that you should remember while buying, selling, renting and leasing any type of commercial property.

Also if you are looking for best commercial properties in India, I highly recommend - Cadson Realty, a real estate company functioning since 2013 which deals with wide range of commercial and residential property specifications with best collections.

I hope this article was helpful in understanding that on what basis the deciding factor should be.