Things to Give a Thought Before Renting an Office Space in Mumbai
Renting Office Space in Mumbai
Renting office space in Mumbai isn’t difficult—you’re already on the right page to understand your path.
A good workplace is essential for every individual and organization. Getting a budget-friendly space with the right facilities helps create a healthy working environment. A well-designed office also adds brand value and keeps your staff motivated.
Here’s a guide to help you understand whether a Furnished Office in Mumbai is a good deal.
Below are 5 crucial factors that can impact your business and help you choose the right office space.
1. Locality
A good location plays an important role in long-term business success and better company performance.
Key Factors:
a. Accessibility
Your office must be easy to reach for employees and clients. A centrally located space builds a strong brand image and ensures safety, convenience, and better connectivity.
b. Attracting & Retaining Talent
Prime locations attract young and talented professionals. A well-known area also makes your office easier to access.
2. Price
Price is one of the most important aspects of renting office space. Spend wisely—not too much, not too little.
Things to consider:
a. Budget
Be prepared for deposits or advance rent (annual or biannual). Clarify all terms before signing the agreement.
b. Overpriced Spaces
Compare rental prices with nearby offices. Check multiple locations with the help of an agent to avoid overspending.
c. Hidden Charges
Ask about maintenance costs, parking fees, water issues, repairs, and other charges before finalizing the deal.
3. Required Area for Operations (Size)
The size of your office depends on the number of employees.
A general rule of thumb: Minimum 70 sq. ft. per person.
Checklist for selecting office size:
- Do I get at least 70 sq. ft. per person?
- Are there dedicated meeting or conference rooms?
- Is there a relaxing zone for employees?
- Is there a waiting area for clients?
- Is storage space available?
- Will I expand my team soon?
- Do senior employees need cabins?
Example:
If you have 20 employees, you need around 5,000 sq. ft.. If you plan to add more employees next year, add approx. 1,500 sq. ft. extra.
Choosing too large a space increases costs; choosing too small affects productivity.
4. Infrastructure
Infrastructure refers to the physical and organizational systems that help your office function smoothly.
Important Infrastructure Points:
- Water supply
- Sewage system
- Electric system
- Parking space
- Internet connection
- Business software
- Transportation
- Communication systems
- Postal services
- Security
Quality and reliability matter. Always check these with nearby offices before finalizing.
5. Furnished Office
A furnished or serviced office is managed by facility providers who offer ready-to-use office space with furniture and utilities. This is ideal for businesses with a tight budget that still want high-quality furnishings.
Benefits:
- Low investment
- Immediate availability
- Modern, fully furnished workspace
- Flexible leasing options
- Reception services
Drawbacks:
- May create an unbranded impression
- Higher rent compared to normal spaces
A furnished office saves interior setup costs and boosts your team’s comfort, leading to higher productivity.
Conclusion
Choosing office space in Mumbai becomes easy when you evaluate locality, price, size, infrastructure, and furnished office benefits.
Keep these points in mind to make an informed decision before renting your office space.
