It is said that the decision to buy or lease out an office space is more challenging that starting your own office or business. If you take a single wrong step, then there can be a lot of repercussions and bad effects on the business.
Even if you take a place in lease, the basic lease period can go from 3 to 5 years and it is definitely a long period of time. So, it is very important to keep a check when you are looking for an office space in Delhi.
First you need to decide what type of an office space you need to search. This completely depends on the type of office you want to open. For modern entrepreneurs, there are different types of office space available these days like co working office spaces or virtual office spaces. Once that is decides, one has to look for the locality and the cost of the space.
In case of a virtual office space the need of space or the locality becomes very much secondary. The primary thing that becomes important there if the technological advancement and availability of that space. But on the other hand, when it comes to an executive office suite the locality of the office becomes more important and the space like how the office looks becomes more important as compared to the other amenities and considerations.
But when one is looking for an executive office, then the primary thing of concern is its location. The area where your office space is located actually solves a lot of problems. If it is in a posh locality then it gives a clear impression that the company is financially sound. But if it is in developing vicinity then the longevity and the potential of the company might come under a scanner. When one is giving importance to the locality then they can look at it from 3 perspectives. The first one is how well that place is accessible to the employees and the clients. Can they reach there easily and whether it is well connected to the rest of the city. Then it is a very positive thing. Once the transportation to the office becomes an easy thing, most of the problems get solved.
Budget again is a very important thing one needs to consider when they are buying an office space or taking it in a lease. Of the locality is posh, then the office space will be expensive. In a developing area, an office space is again available in a considerable price. Also the cost of the space depends on the facilities available there like construction cost, parking facilities, electricity, elevators and other expenses.
One has to make a list of all the above mentioned factors and then start searching for a space. Also there is no need to find a space in a secluded area. One should always take a space where already other offices are functioning. This can ensure the safety of the area.