Renting Office Space in Mumbai isn’t as difficult as you are on the right page to acknowledge your path.

   Why do people-organization need a place to work or I can say a good place to work 

As getting a good place for rent on budget and considering all the facilities that create a healthy working environment.

  Good OFFICE SPACE will create a brand value for your organization as well as it will create a good impact on your staff hence they will love to be a part of your organization. Here we have explained if Furnished Office in Mumbai is a good deal or not.

 

   5 crucial factors will create a huge impact on your business; let me give you a brief idea of how to select a good office space.

 

1.     LOCALITY

 

   Why locations do play an important role? In the long run, getting a good location helps retaining good business; it also helps in boosting the company’s performance.

   There are some main factors on which you can easily get a good locality for your office space 

a.    Accessibility

You might be thinking how does accessibility plays a vital role, let it be your employees or clients, one should reach your space hassle-free. Office space in a heart of the city will surely create a brand image as Let it be a coffee shop meeting or after-work bar, it should be easily accessible to clients and your employees. A good locality will unquestionably create a safe environment to work in.

b.     Captivate and keep possession of talent

This indirectly means getting location at the prime spot of the city as it will act as a magnet for young and talented people and this will for sure help you getting the best employees for your firm. It also has one advantage your office space will be easy to access.

2.     PRICE

 As the price is the most important part one should know how much to spend; neither spend more nor less, as spending more may end up creating bad debts and spending less will not give you satisfaction.

   So make sure before renting any place keep these things in your mind    

a.      Budget

Make sure you are ready to allocate a huge deposit while signing an agreement or in some cases, the owner asks the tenant to pay annual or biannual rent together. All these things should be clear before the agreement is signed.

b.     Overpriced

Ensure the space you like has similar rent compare to nearby localities. No one wants a big hole in their pockets, especially in the business. How can you identify the place is overpriced, the nearby place is selling like pancakes, go and look after all the places with the help of an agent, which will help you identify the prices, which will save your money?

c.      Hidden charges

Also, ask before settling any dues on the property, maintenance cost, parking costs as this might occur as a problem when you start your office. Ask the owner to sort out all the problems like water leakage, any mechanical issue, colour work, etc.

 

3.     REQUIRED AREA FOR OPERATIONS (SIZE)

 

One should know how much area is required for proper functioning. This factor depends on the number of employees you have. There is a general rule which recommends having 70 square feet per person. 

    70 square feet per person is the minimum criteria one should have if your work demands more you can modify accordingly.

     Let’s shortlist some points on which you can identify the perfect office space for you:

1.     Do I get a minimum of 70 square feet per person

2.     Do my office space has dedicated meeting or conference rooms

3.     Will my employees get a relaxing zone to chill during break hours

4.     Waiting area for clients.

5.     Storage space

6.     Do I need more employees in the near future?

7.     What type of employees will I be adding?

    Let’s take an, For example, you have 20 staff members so you can estimate 5000 square feet office space today, after a year you are planning to add more employees,  so you require additional 1500 square feet to accommodate your growth plans.

 It's not necessary to have a big space but it completely depends on what kind of employees you have if there are any senior employees they require private cabins to work if its newbie he/she will work in a cubicle so identify your needs and choose accordingly.

Getting Big Office Space in Mumbai will give you a hole in the pocket and getting a small one will affect productivity.

So be wise while selecting your office space as its base to your foundation.

 

4.     INFRASTRUCTURE

 

What does infrastructure mean and why is it so an important feature?

The basic physical and organizational structure required for smooth functioning is known as infrastructure. It is an important feature because if the office doesn’t have a proper infrastructure it would face many difficulties in proper functioning.

 The points to keep in mind for proper functioning are as follows:

Ø Water supply

Ø Sewage system

Ø Electric system

Ø Parking space

Ø Internet (it is one of the most important points for the proper functioning of the business)

Ø Any kind of software’s useful in business

Ø Transportation systems

Ø Communication systems

Ø Postal services

Ø Postal services

Ø Security

The quality and reliability of the service matters as if it’s interrupting at regular intervals there is no point in paying for services. Make sure you enquire with nearby offices about infrastructure well before in advance to avoid any kind of tragedy.

 

5.     FURNISHED OFFICE  

 

 Furnished Office or serviced office space is managed by any facility or any company which gives the place with all the furniture to use this type of office space is best for someone who has a tight budget but needs good furniture to use. 

Space in the furnished office is adequate and also has dedicated areas for meetings and conferences also relax zone with proper functional equipment.

 In some cases, you get used furniture or might get a new one on rent for both offices will differ.

Benefits and drawbacks of furnished office:

Benefits

1.     Low investment

2.     Immediate availability

3.     Modern and fully furnished office

4.     Flexible leasing

5.     Receptionist

Drawbacks

1.     Many furnished offices give an unbranded impression

2.     Has more rent than normal office space.

In my opinion, a furnished office is a good way in one sense as you won’t spend money on interior designing and end up investing in your business. A furnished office is a central component of the working industry. A furnished office will create a friendly environment for your employee which leads to productivity.

I hope you get the clarity, so make sure to keep all the above-mentioned things in mind before Renting Office Space in Mumbai.