Tips to Keep in Mind the Next Time You Negotiate Your Lease

Found your dream apartment or the space you were looking for? Congratulations this was the easy part; the hard part is to negotiate the perfect lease, a hassle that every buyer goes through. If you ever find yourself walking down this path keep these 7 tips in mind to ease your pain and to reap maximum benefits:

Tip #1:  Finding an apartment for lease or rent that has been on the market too long certainly goes a long way in negotiating lease. The longer the space on the market the more easily it is to grab it from the hands of the landlord after all the poor guy is stuck with it too.  You also get some perks and wiggle room to negotiate a deal in a building with lots of vacancies.

Tip #2: Extending a lease even by a mere 6 months could help you save some big bucks. Instead of signing the lease for 6-12 months, sign it for 15- 18 months to get a hefty discount. Landlords generally favour these deals as it prevents from going through this process all over again only after a short period of time.

Tip #3: Being vocal or expressive about the other offers or opportunities on your renting  office or  apartment space  that might result in you not taking that particular space can also put the negotiator in a tight corner. This is a tried and trusted method that always works like a charm.

Tip #4: Discussing the possibility of future expansion or talking about a long term association can also help in negotiating a lease that’s not too much of a burden on your bank account. Just like in every other industry, loyalty has its perks and in real estate it   could result in a large sum of money in your own pocket.

 Tip #5: Listing out your qualities as a tenant can incite the landlord to actually woo you, changing the tables in your favour. Sending the check time to time, following the rules plus marinating the property can make renegotiating a lease easy-peasy.

Tip #6:  If you are negotiating a commercial real estate lease always keep two things in mind. Exit clauses and CAM (Common Area Maintenance) fees. Missing revenue projections is a possibility that might force to terminate your lease. Therefore keeping in mind the reality an exit clause can help you exit the lease agreement even after 2-3 years depending on the developer. Similarly, you can prevent CAM charges from hurting your profits is by negotiating a lease with either fixed CAM charges or by placing a  5-7% cap on CAM increase in fees. 

Tip #7: This is the most important tip when you are just like an average buyer that is Hiring the right broker. Take advice from your friends and family, ask questions to potential candidates and also try finding a broker with a background in the location where you are looking to opt the commercial space or an Apartment  for rent.

Follow these tips and you just might hit the Jackpot!For more information about office space and apartments contact Officeshub

Leasing or Buying Office Space: What is the Best Option for You?

Office space is a necessity for most businesses these days. The few options that a business has while going for an office space is buying, leasing, sub-leasing etc. There are many factors to consider when you're buying/ leasing office space. And one of the primary ones is, should you lease or should you buy? Both options have advantages and disadvantages based on your particular business situation.

To help you decide which option you want to go with, we have compiled the following questions that you might want to ask yourself.

1. How long do you plan to keep the office space

If you're only planning to keep ii for the short term, we may suggest that leasing is a better option than buying it and trying to resell it when you no longer need it. You'll want to find out if there's a buyout option at the end of the lease if you decide you want to keep the asset after the original lease is over.

2. Is now the right time to buy

If you have made your mind to go ahead and buy an office space, do take some time to think if it is the right time to buy considering the investment that you need to make, the current cash inflow, business needs etc. Also downturns in the market are the best time to buy properties, but for many businesses hoping to work in areas already in high demand, finding an affordable property can be difficult.

3. What is your plan in the next few years

This is an important factor to consider while buying/ renting an office space. This could drastically affect your spatial requirements, business productivity, return on investments. If you are planning to scale up in few upcoming years then renting would be a better option.

4. What would be more profiting: investing in capital or investing in office property

This is business question; where should you put your money to get the maximum gains. If you can see greater profits from investing capital into your business then you might want to go ahead with leasing an office space. On the contrary if you feel like a permanent office space will be more profitable in terms of stability, employee satisfaction, and brand value then you should buy a property.

5. What are financial options for purchasing vs. Leasing

Purchasing tends to require a higher monetary power initially in addition to having to finance your purchase through a lender. Depending on your situation, this may not be a viable option if you don't have a considerable amount of money reserves. Leasing generally requires less cash down, and the monthly payments are often smaller.

6. What are the tax benefits of buying vs. leasing

It's critical that you consider all tax related clauses for both buying/ renting as they relate to your particular business situation. There's usually a tax benefit associated with leasing where you get to deduct the full lease payment immediately. Leasing and buying both offer advantages to companies. The key to making the right decision is understanding exactly what your company's needs are and the purpose of the asset

5 Things to Consider When Choosing Office Space

The search for a new office space requires a lot of brain storming and is often the most stressful time for a medium/ small business. It usually involves tons of analysis, comparing various options in terms of spatial features, facilities, benefits, opportunities of moving in to a new office space etc. While business owners usually pay a lot attention to all these things, they must make sure that they are doing their due diligence towards the IT consideration while choosing an office space.

The business owners must make sure that the new office space is configured to support their existing IT needs and future goals. They should also make sure that their IT functions are operating flawlessly in the new environment so that they do not face unwanted downtime. Let us have a look at few points that must be in your IT checklist while choosing a new office space

Telecommunications: After furniture, setting-up telecommunications requires the longest lead times in a move. It should be noted that, while relocating the telecommunications partner should be consulted in order to seek assistance for the relocation.

Enabling Employees: IT acts as an enabler for the employees of an organization to perform their day to day operations. While looking out for an office space, business owners should pay attentions towards these enabling technologies. They should make sure that the new office spaces facilitates telephone lines, space for printers, a UPS room, emergency power backup, HVAC requirements, cabling for data and voice transmission.

Wireless Needs: A change in location means a change in office configuration which translates to a change in wireless access point set-up. The IT Department should review the number and placement for wireless access points in the new space.  Since most companies prefer to keep their wireless traffic off their corporate LAN/WAN, availability of separate telecommunications connections to support wireless traffic should be included in your evaluation.

Cellular services: Once you have finalized moving into an office space, make sure to check for cellular reception throughout the floor. If you have company-managed devices, they usually are typically under a single carrier (CUG Plans) and you can get a clear picture how your mobile phones are going to work in your new office space. A smart move would be to ask your employees to poll upfront to determine which carriers are being used to make sure no one is left in a cellular desert.  Cellular reception doesn’t have to be a deal-breaker as there are technologies to boost carrier capabilities inside space but it is better to know upfront what you will need to do to ensure adequate connectivity.

Data Center: Smartly evaluate data center requirements while looking for a new office space. This evaluation will help you to decide whether or not your new office space will be able to handle your servers and network devices efficiently and securely.

Employee Satisfaction: If the space you are renting/ buying is brand new, there is very good chance that prior tenants might have left behind cabling infrastructure, power and phone jacks.  The IT Department should carefully assess the effort for moving, replacing and adding extra cabling and power capabilities in the new office space.

It should also be considered that how the IT infrastructure will align with your plans for furniture placement as well as locations for printers, copiers, conference rooms and kitchen space.

Considering technology needs while looking out for new office space is an important part of ensuring company productivity and employee satisfaction in your new space.

10 ways to find cheap office space in Bangalore

With emerging new start-ups in the IT hubs of India like Bangalore, Gurgaon, Hyderabad etc. the most painful problem faced is finding the right office space suiting their needs and budget. As soon as your business progresses, you need to add more employees to your organization to match up with hike in the work. Working from home can also be considered as an option, but holding up a business meeting from your living room couch or the dinner table is probably not a very good idea.

We also cannot deny the fact for most freelancers and start-ups cannot afford large, and personalized office spaces are out of question, so here we bring 10 cool ways of finding office space in Bangalore.

How do startups search for an office space in Bangalore

1. Hot Desks: Hot disking is a convenient and economical option for renting office space when your business is not fetching you a lot of profit. Hot desks usually includes access to a desk, an electricity socket and an Internet connection. There are a variety of options available for hot-dusking throughout Bangalore.
2. Move to Suburbs: If you need an office space just to accommodate your employees, shifting to suburban areas can be a good option for you. Suburban areas provide better options at affordable prices and employees also love such areas as the traffic will be less. You can easily find a space at an affordable cost in such areas.
3. Rent Spare Desks: Many organizations who have bigger area tend to rent out office spaces with spare desks and power socket. These desks are rented out to freelancers and start-ups looking for a place to work. A lot of start-up companies are going for this option these days.
4. Co-Working Spaces: Co-working space is not a very economical option but the upside of it is you become part of a community. Co-working spaces facilitate a network of like-minded entrepreneur.
5. Sub-Lessee: It’s like renting a rented space, obviously with the permission of landlord. This might help you in taking off some burden of paying the rent from your shoulders. And in addition to that, you will have access to the extra space.
6. Office space in Residential Areas: This is one of those options which you should consider if you are really tight in budget and your office space requirement is just to accommodate your employees.
7. Business Incubators: It can be really frustrating to be productive and professional when you are working out of a basement, or somebody’s garage. If you are in the situation to rent professional office space, business incubator programs could be your biggest help.
8. Virtual Offices: A virtual office provides communication and address services without providing dedicated office space. Virtual offices are increasingly becoming popular because they offer a cost-effective and pragmatic solution for many entrepreneurs.
9. Create your working space: This could be considered as the option when you have access to a significant amount of space. If this option suits you, you can combine it few others to even make some profit out of it.
10. Transform your Current Workspace: Lastly, if nothing works transform your current office space into newer, sleeker, and smarted office space.

Who is the best service provider for retail leasing

The start-up culture is continuously growing in India and with it is growing the need for retail space to set up offices. Bangalore, which is synonymous to ‘Start-up city ‘, is a place which has the highest requirement for retail space.

When you come to a big city like Bangalore with a dream to set up your business, you need reliable and trustworthy partners to help your dream come true. A partner, who is the best service provider for retail leasing in Bangalore is Offices hub. The years of experience that we have in the Bangalore market has equipped us with the skills like property search and selection, project management, valuation, etc. Our clients, as a result of our expertise, receive nothing less than complete satisfaction and that is our main aim too. We have comprehensive solutions for retail leasing and other related needs of yours.

If you have this question in your mind that who is the best service provider for retail leasing, you must also ask that who can offer you the best professional and integrated service. The answer to this question is Offices hub. Why Offices hub? Because we don’t only provide retail space on rent and think our work to be over. We provide solutions for how to use the space in order to make it more productive and economically efficient. Our tactics and strategies in this work have received much appreciation from our clients.

Offices Space for Rent in Bangalore is well aware of the consistently changing trends in the real estate marketing. We are the believers of in-depth analysis of competitors and future business trends and this is the USP of our specialized consultancy service. So, this makes it quite evident that our one of the most important objectives is to enhance the client’s brand and profitability.

Why can an entrepreneur in Bangalore rely on our services to get retail office space is because we know that it isn’t just about handing him over the lease papers of the space. But it is also about determining the right location of the retail space/outlet. To find this out, we do research on certain factors like target market, neighborhood brands, competitive strategy, convenient accessibility and many more. This helps us in guiding the clients in the right direction and this takes care of their future business performance.

We are known in the market for certain well defined characteristics of ours. They are the knowledge of the market space, decisive strategies and brand building. 20+ years of being in the industry has made it easy for us to provide total solution to you. Be it picking a business property with a land financier organization, making decision about space representative, we can help you with all of it. Every agent of ours has profound knowledge of local markets and properties.

                                         best service provider for retail leasing in Bangalore 

A valid reason for why we consider ourselves to be best service provider for retail leasing in Bangalore is that we have displayed significant growth over the years. Such progress has come through repeat customers and referrals.  

Benefits of Rented Furnished Office Space

A Well Furnished office will give the nature of Business is Dynamic it can grow and expand within on time. An Entrepreneur to build a business with a well furnished office space from the scratch would be more expensive and time consuming, So there are many companies who can provide the best furnished office space for the startup business and these office space providers provide the office space for rent and thus it will reduce the investment of the entrepreneur.

1.Cost Effective : For an entrepreneur to furnished an office space form the scratch may lead to more investment,Thus an well furnished office space for rent  may give him an reduce the investment and time.

2.An Business environment : An good and Well furnished office space will give you the best and comfortable feeling to the employee this  and   may lead to good work in best time and separate meeting room also helps in conducting the good meeting for the Best deals. 

                               

4.More Benefits with less investment : By taking any office space for rent or lease for certain period of time may reduce the burden of investment and we have more facilities than we can have by investing.

About Offices Hub:

Offices Hub is one of the top office space service providing company in Bangalore where you can get the well furnished and flexible office space for rent with in your budget and we have ten years of experience in this field.

Contact Details :

RG Tower,Above Arrow showroom, 

100 Feet Road, Indiranagar, 

Bangalore - 560 038,

Karnataka, India 

Call: +91-8042062030 

Mail:  info@bangaloreoffice.com 

Website: www.officeshub.com

Why Choose Plug And Play Office Space In Bangalore

Bangalore, as we know in recent years has taken quite an inclination since the Indian independence. From its multi-cultural outskirts to its plethora of information technology (IT) facilities. Bangalore is known for its IT firms and colleges and now probably is the primary driving force in the information technology with the city nicknamed as the nation’s leading IT employer. With the rise of technology all over the world, setting up startup firms are the new go to for young and upcoming IT businessmen. This also has given Bangalore a tremendous rise in population. 

The people of Bangalore have chosen startup firms as their primary aim now and are acquiring offices in the city in a really fast pace. The Plug and Play Office is a rising aspect in this industry. 

What is a Plug and Play Office?

A Plug and Play Office is basically the next generation office type which is loaded with high quality furniture and technology facilities for the comfort of the employees and customers and also creates a steady and professional work atmosphere in the office. A Plug and Play also fastens and eases the work of the employee by providing services like courier delivery facility, fax machines, Wi-Fi for Internet usage, air conditioners, board rooms and lounges for comfort. 

Benefits of a Plug and Play Office in Bangalore

The Plug and Play Office comes with a number of benefits if you look into it. Here is the list of a few benefits if you get one for yourself in the city of Bangalore. 

• No hassle of finding discrete services for different tasks like a different specialist for a printer and a different specialist for your accommodation. This saves a lot of time, money and creates close to no confusion for the accommodator. 

• With Bangalore filled with cyber technology and its residents being IT lovers, a Plug and Play office will attract its residents which results in more customers. This is a great pro for businessmen in Bangalore since customers are the reason why one sets up a business.

• Creates a professional atmosphere within which reflects on the new customers mind about what they think of the service you would provide them. Also, this attracts sponsors that would want to invest on your firm looking at the way you’ve set up your office Easily customizable.

• Better in the long run – since most of your products will be provided by genuine companies you’ll have direct connection with like Samsung, LG and HP, repairing products wouldn’t require a lot of time.

Conclusion

Getting a Plug and Play Office Space in Bangalore has a lot of advantages on its own and should definitely be considered by aspiring businessmen. Since the Plug and Play offices are also available on rent in Bangalore, a low budget isn’t something the young guns should worry about, just do your research, get a knowledgeable person who will guide you through all the processes involved and set up your firm.