Whether you are looking for a New Office, Shop, Warehouse or Serviced Office, finding the right commercial property is crucial to your business’s success.
Whether you are looking for a new office, shop, warehouse or Serviced Office, finding the right commercial property is crucial to your business’s success. The first thing to decide is whether you want to buy or rent property – a decision that rests on the type of business you own, and your plans for its future. Most big businesses in Gurgaon choose to rent commercial property rather than commit to buying it, as it ties up less capital than buying property and gives you ease to relocate in future.
For businesses looking to rent commercial property in Gurgaon, these are important things you should consider before you commit to a commercial rental property. It should also introduce you to the variety of procedures you should consider when renting a property, from choosing the right type of property for your business to terminating the Lease at the end. We, at Alexandro.in have commercial space on rent in Gurgaon for the perfect office space. Or if you have any questions or need advice, our team of experts will be happy to chat to you about your commercial property requirements, so please call, email or visit our Gurgaon office.
Renting Commercial Property in Gurgaon
Before we start looking for a commercial office space in Gurgaon, it is important to consider whether renting is the best option for you or whether you should look to buy commercial property in Gurgaon.
Benefits of Renting Commercial Property in Gurgaon
Flexibility not being locked into owning a property gives you more freedom to move when required. So when your business grows in size or you want to relocate, you can give notice to the owner as per the lease terms and move out.
Renting commercial property involves very little capital than buying a property, sitting on equity can definitely help negating a better deal on your products you’re your Vendors or you can use that money elsewhere in your business
Major repairs in the rented premises are to be done by the Landlords, so you will not be as responsible for the building infrastructure, many of the repairs and maintenance duties will fall to the landlord
Though the rent may rise after a fixed period of lease, but still you are not exposed to rise in home loan rates
Leasing commercial property means you are less likely to have unexpected financial shocks, and falls in property prices do not affect you
We on your behalf can negotiate all terms of the lease with the landlord before you sign the business lease.
Disadvantages to renting your own commercial property
Period of Occupation
Generally, for the first five to six years of lease , renting commercial property works looks far cheaper than buying a commercial property. It then becomes about equal for the next five years and becomes more expensive from then on. So, if you are looking for business premises to occupy for far longer than ten years, you should consider buying commercial property. And if the period of occupation is less and you wish to move to a new place in near future you should consider renting.
There is a standard increase of 15% over the last rent paid after every three years.
If the commercial property you rent gains in value, it will only be the Landlords who gets the benefit.
If you are in a multi-occupancy office, you cannot predict who will share the building with you. Also, if you want to rent a shop, you may not be able to also rent the corresponding space next to it
Buy Commercial Property in Gurgaon
Shops, Supermarkets, Shopping Malls etc
Multi-Occupancy office blocks, Standard Offices, Co-Working space etc
Restaurants, Hotels etc
Warehouses, Industrial Units, Industrial Land etc.
Type of commercial property you choose to rent or buy in Gurgaon depends on the needs of your business. A few factors you may wish to consider before deciding which commercial property on rent in Gurgaon include:
Some industrial units may not have all the electrics you require, whilst offices in Central Gurgaon may lack huge parking spaces
Anyone dealing with clients and customers should consider what impression the property you wish to gives
If you require a large amount for storing goods, a warehouse may be the best option for you
The property meets health , safety and fire requirements.