How much does an office space cost in Bangalore?
Table of Contents
How much does an office space cost in Bangalore?
19,500 per month for a 300 square-foot office for one person, if you rented commercial space. But the average monthly rate per person for a serviced office in OMR is just Rs….2. Serviced office rates in Bangalore.
| Area | Rate per person per month |
|---|---|
| Electronic City | 6200 |
| Hosur Road | 9500 |
| HSR Layout | 8000 |
| Indiranagar | 13800 |
What should I look for in commercial office space?
Tips for Renting Your First Office Space
- Decide If You Really Need One.
- Choose a Location Near Your Team.
- Ensure That it is Easily Accessible for Others.
- Think About What Amenities You Want Nearby.
- Have a Strict Budget in Mind.
- Account for Extra Expenses.
- Make Sure the Lease is Clear.
- Find Out Who is Responsible for Repairs.
What type of businesses need office space?
It is important to note that the make up of the office leasing market is different in other countries of the world….
- Tech.
- Finance.
- Government.
- Law firms.
- Media and entertainment.
- Coworking/real estate.
- Life sciences.
- Health.
Is office space worth buying?
For most practitioners, the appeal of buying office space lies in the potential to build equity in the property. Over the long term, if the property appreciates in value, the office may become a good investment vehicle. You may also benefit financially by renting to a tenant unused space in a property you purchase.
How many tech parks are there in Bangalore?
How many IT Parks are there in Bangalore? Bangalore being the IT Capital of India, has more than a dozen Tech Parks housing over 67000 registered IT companies.
How do I choose a new office location?
The major types of business locations are retail, warehouse, industrial, and office space. Each of these locations usually have different purposes, geographical locations, and costs. You may want to consider where your competitors based their businesses if you have similar customer demographics.
How do I choose an office location?
9 factors that will help you choose the right office location
- Office lease or co-working space?
- Office prices in the area.
- Hidden costs.
- Fitting with the brand image.
- Legal considerations.
- Room to grow (if necessary)
- Competition in the area.
- Convenience for your staff.
Is retail or office space more expensive?
1. As a general rule, rental rates for a retail space will always be more expensive than for a comparable office space in the same location. It pays for a business to thoroughly review and understand where and how new customers are procured prior to making the investment in retail space.
What can I do with commercial space?
If you have a commercial space that’s sitting empty, you might consider renting it out, at least temporarily….Here are five ways you can make a vacant office profitable:
- Private events.
- Professional training.
- Pop-ups.
- Co-working space.
- Photography studio.
Should I rent or buy office?
Renting is the best option if you don’t want the headache of owning a property and prefer to have more cash flow than equity. If you care about equity more and prefer to have more control over the place, you would be better off buying an office space.
Is owning office space profitable?
Office buildings can be a great long-term investment: They tend to generate large streams of income. Tenants typically commit to long lease terms. Properties can appreciate in value over time.
Which areas in Bangalore have most IT companies?
Some of the major areas where most of the IT companies in Bangalore are located are Electronic City, Whitefield, Outer Ring Road (between KR Puram and Sarjapur Road), Domlur, Bannerghatta Road, Mysore Road, Koramangala etc.