If you are looking for a commercial property on rent, you should have a planned approach so that you are prepared to handle different situations or difficulties that may arise on the way. There are a number of real estate companies working on behalf of property owners, who are ready to offer some very problematic commercial properties for rent.
Continue reading “Things to Keep in Mind While Taking a Commercial Property on Rent”
When we talk about real estate, there are two common terms that are used- residential property and commercial property. To make understanding easy, it is often said that the property that is not for residential purpose, can be classified as commercial property. If you think that only office spaces can be categorized as commercial property, then it’s time to get your facts right! Office spaces, warehouses, retails centers, hotels and resorts are all a part of commercial property.
If you are looking for a commercial property for rent or are willing to invest in a commercial property, there can be no better location than Gurgaon. Office spaces, retail spaces or hotels- whatever your choice may be, the location is ideal for each one. Let us have a look at the various commercial property options available.
Office space and warehouses: If you are planning to invest in an office space in Delhi NCR, you have made a great choice as you can buy and rent the property and enjoy maximum returns on the property. Also, investing in a warehouse is a good choice as both office spaces and warehouses generally have triple net leases. This means that your tenant will be responsible for paying the rent, maintaining and repairing the building, insuring the property and paying the taxes of the real estate. As a matter of investment, nothing can be better than this option.
Commercial retail space: Retail spaces comprise of malls and shopping centers. Investing in a commercial retail property too is a great choice as these can also be rented out on triple net lease. The taxes and expenses generally rise and as a investor, you too will receive a higher rent. Commercial retail property can further be divided into strip center, power center, community retail center and regional mall.
Hotels and resorts: Hotels and resorts also come under commercial property. The hotel can be full service hotel, extended stay hotel or limiter service hotel. However, if you are a first time investor, investing in this type of commercial property might be a risky decision as you may or might not earn profit.
Once decided to invest in a commercial property, make sure you consider the above mentioned options and only then make a decision.
Various builders are coming up with excellent commercial projects in Gurgaon. When we talk about commercial property, you have options like office space, retail space and industrial space – all you need to do is determine what will suit your requirement. Each property offers different features to the tenants depending on factors like location and nature of business. But before you select a commercial property for rent, it is very important to understand the difference between the properties available. Let us have a look at the difference between retail space and office space.
Commercial Retail Space
A retail space is generally expensive than the office space. This setup generally resembles an anchor store and is surrounded by smaller stores. While looking out for a retail space, try choosing the space that is closes to the anchor store. This will attract more traffic to your store. A few factors must be kept in mind while looking for a retail space. Those factors are:
Visuality: The visibility of your store is something that matters the most. People should be aware of your presence and for that your logo should be clearly visible. Before deciding on the the space, find out where are how can you display your logo.
Accessibility of the store: The next thing that you should look out for is the accessibility of the store. Visitors should have an easy access to your store even if the surroundings are busy.
Availability of parking space: The visitors should have the facility of parking their vehicles in a safe place. When you look out for a retail space, do check if there is ample space available for parking.
Commercial Office Space for Rent
When you compare a retail space with a traditional office, the latter is certainly less expensive. The lease of the office space is generally for a long period of time and can be easily renewed. If you are willing to opt for an ideal office space, that too at an economical price, there can be nothing better than a office space on lease. Here are a few factors that should be considered before making a decision.
Visibility: It is very important to check the location as it is one of the prime factors that affects the visibility of a business.
Relocation: If in future you plan to relocate, how will your customers be informed about it? This is something you need to think of in advance.
Convenience: The convenience of the customers is of utmost importance. Make sure that before finalizing the space, you check that the location is easily accessible.
It is always a great choice to seek the advice of a real estate agent as he will understand your requirement easily and guide you on the right kind of property.
Due to the advent of real estate developers in Gurgaon, commercial space in the city has experienced the taste of success quite fast. Today, most of the malls and retail outlets are superbly designed and are equipped with latest technologies. From the country’s largest mall to the retail properties, real estate in Gurgaon, India is booming at a rapid pace. BPO, IT companies, hospitality industry, automobile industry and even pharmaceutical industries are acquiring space in the city. Owing the big and small companies, today Gurgaon has become one of the most renowned commercial hubs.
In order to reflect the nature of product and company, the retail space is very well maintained. If you are planning to buy or avail retail space for lease, it is very essential to keep the designing beforehand. Also, before finalising the space check the interior and location.
Retail commercial property in Gurgaon is constructed keeping factors like contemporary architecture, perfect planning and use of world-class material in mind. Moreover, these retail spaces for sale are constructed with only environmental friendly and harmless material. These spaces are constructed with ingenious designs, along with intelligent use of spaces and modern architecture. The spaces have separate rooms for meetings, conferences, trainings and also lunch. While choosing a retail space, make sure all the basic amenities like effective communication system, proper internet and mobile signal and uninterrupted Wi-Fi, power and water connections are available.
If you are not willing to buy the space, you can take the office space on lease. The office spaces available are quite reasonable with all the facilities available. The state-of-the-art communication system, banks and ATMs, restaurants and all necessary facilities are available near to all these offices. Moreover, these commercial properties are surrounded with lush green landscapes and have a proper transport mode available. In close proximity, you will get airport, national highways connected to major city, trucks, buses and autos for commuting of goods. For the employees and clients, there is an adequate parking space and safety in order to protect them even in wee hours.
Consequently, Gurgaon has become one of the highly preferred commercial hubs for the start-ups as well as established companies.
