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In the modern ever-growing economy, getting that perfect commercial property for lease has now emerged to be one of the primary steps for growth for every business. From a budding entrepreneur searching for office spaces to accommodate growing startups to a retailer in need of prime retail shop rentals for operating their stores, the commercial leasing market provides varied choices tailored to meet every need. This blog tries to penetrate the nuances associated with commercial properties for lease in India and the viability of it for businesses. Let's explore everything right from small commercial properties for lease to expansive industrial spaces for lease and understand how to get the perfect space for the needs at hand.
At its very core, a commercial property to let is a place of letting which is not used for personal purposes but rather used for commercial activities. These range from office and retail shop letting, co-working and other similar options, as well as industrial letting. Since it takes away the extra cost of purchasing a property, this works hand-in-hand for both new and well-established businesses alike.
Demand for affordable commercial space has skyrocketed in India, and much of that is happening in areas such as Gurgaon, Bengaluru, Mumbai, and Hyderabad. With the commercial leasing market currently at over $5 billion and set to grow by 12-15% per annum, there are abundant opportunities for businesses wanting scalable functional and modern spaces.
Leasing is more economical compared to buying property outright. Companies will save money on initial expenses and can be spent in operations or expansion.
With co-working spaces for lease and fully furnished commercial properties, companies can opt for places that can serve their immediate needs and expand as they continue to grow.
Leasing allows businesses to operate from high-demand areas such as Gurgaon’s Cyber City or Mumbai’s Bandra-Kurla Complex without bearing the exorbitant costs of ownership.
Many landlords offer options for customization, particularly for interior management, allowing businesses to design workspaces that reflect their brand identity.
For startups, startup-friendly office spaces provide an affordable way to establish a presence without significant capital investment.
The perfect place for start-ups and small business owners, the small commercial property for lease would be a neat, compact, but very functional space to kick-start operations. Affordable rent and prime location ensure visibility without hurting the wallet.
From fully furnished commercial properties to bare-shell options, office spaces are available to businesses of all sizes. Popular hubs include Gurgaon's Golf Course Road and Bengaluru's Whitefield area, offering excellent connectivity and world-class infrastructure.
Retail spaces are placed in areas of high footfalls like malls, marketplaces, and shopping streets. They are ideal for businesses that are looking to attract customers directly, such as boutiques, cafes, or electronic stores.
Manufacturers and logistics companies usually rent industrial spaces for operations. Cities like Pune and Chennai also have various industrial zones with modernized facilities and easy access to transportation networks.
One of the favorite locales for startups and freelancers, co-working spaces are where collaboration thrives. The Indian co-working market has kept pace with the giants WeWork and Awfis, which have seen more than 50 million sq. ft. of co-working space get leased in the last decade.
What is famously known as the Millennium City, Gurgaon sports style infrastructure and a strong commercial real estate market. Cyber Hub and Udyog Vihar are some prime business places which can be considered for non-expensive commercial locations or small-scale office operations.
Dubbed India's Silicon Valley, Bengaluru is one of those hotspots for IT and tech companies. World-class co-working spaces are available for lease, making this city an ideal haven for startup entrepreneurs seeking a collaborative environment.
Bandra-Kurla Complex and Lower Parel in Mumbai provide the best retail shop rentals and office spaces with fabulous connectivity and infrastructure.
HITEC City has put Hyderabad on the fast track as a potential player in the commercial leasing space, offering affordable yet premium office spaces for rent.
Both are known cities with industrial spaces for lease, addressing manufacturing, logistics, and automotive industries.
Leasing an appropriate space requires more than just finding a good location. Here is a checklist to help with your decision:
Define Your Needs: Clarify your business size, operations, and long-term goals. Whether you are looking for a small commercial property or a large industrial space, it all starts with clarity.
Set a Budget: Determine what you can afford while still leaving room for other operational costs.
Evaluate Amenities: For office spaces for rent, check for essentials like parking, internet connectivity, and cafeteria facilities.
Research the Market: Compare options in terms of pricing, location, and facilities. Use real-time market data to make informed decisions.
Legal Documentation: Ensure the lease agreement is clear, with no hidden clauses.
Navigating the commercial real estate market can be daunting, but with the right hands guiding businesses, they can unlock unparalleled value. Realsta offers end-to-end solutions for all your real estate needs, including:
Corporate Leasing: The office of your business choice.
Investment Advisory: Data-driven solutions to increase returns on investments.
Interior Management: Any interior/ambiance for your brand identity.
Asset Management: Hassle-free operations with top-notch facilities.
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