How to Discover Office Space for Rent in Bengaluru?

Bengaluru, commonly called the Silicon Valley of India, attracts some businesses, particularly in technology and startups. Office spaces for rent are on the rise with demand, and therefore, finding the ideal place for your business is exciting and challenging at the same time.

This article will help you find office space for rent in Bengaluru, covering issues such as identifying your needs and utilizing online resources to your advantage.

Understanding Your Business Needs

Before looking at an office space for rent, define your business needs to streamline your search and help you decide.

Size of Office Space

Review the space you need based on your current team size and growth projections. A general rule of thumb is to plan for about 100-150 square feet per employee. If you have a team of 10, you may need between 1,000 to 1,500 square feet.

Choose the Right Location

The location of your office plays a huge role in ensuring success for your business. Some popular areas in Bengaluru are:

• ?Koramangala is known for its vibrant startup culture
• Indiranagar offers commercial and residential spaces with better connectivity
• MG Road is located at the center and has easy access to all public transport.
• Whitefield is an IT hub with all infrastructures available.

BHIVE office spaces are strategically placed in the prime locations of Bengaluru, explore BHIVE managed office spaces for rent and find the best fit for your business.

Set a Realistic Budget

Have a budget to cover and pay more than just rent: maintenance fees, utilities, and all extra expenses related to the property. Prepared to pay fluctuating prices because of very tight geographic areas and types of office space for rent.

Determine the Type of Office Space

Determine whether you require a fully furnished office, co-working space, or an unfurnished area to customize it. This is because in every one of these options, there is always a two-sided coin:

• Fully Furnished Offices: Office spaces already set up and ready to move into, requiring minimal arrangements.
• Co-Working Spaces: Flexible provisions and resource sharing with other businesses.
• Bare Shell Offices: Uninhabited premises where you can put your layout and design wherever you want.

Finding What's Available

You now know precisely what you are seeking. It's time to start searching for office space for rent availability. Here are a few ways to get started.

Online Real Estate Platforms

Use reliable websites to view multiple listings. These websites allow filtering choices based on location, space size, accommodation type, and budget. BHIVE, for instance, offers brokerage-free listings where a customer saves brokerage upon searching itself.

Local Real Estate Agents

Engage local real estate agents specializing in commercial properties to get market input. Many listings need an online presence. Sometimes, they might be better positioned to help you negotiate good deals.

Networking

Use your business network to gather informal referrals regarding available office spaces. More often than not, an actual referral from someone you trust will point you to something that has yet to be posted online.

Analysis of Potential Locations

Now that you have a list of potential office space for rent locations , it's time to analyze them closely:

• Schedule Visits to Properties: Visit selected properties so one can determine if they are suitable. At the same time, we will look at the layout, natural light, ventilation, and general ambiance.

• Check Amenities: Identify the available basic amenities such as car park facilities, internet connectivity, security services, and easy access to public means of transport. An office well-equipped with amenities will promote productivity and motivate the employees.
• Assess Lease Terms: Review the provisions within the rental agreement, specifically about rent increases, obligations toward maintaining the property, and conditions for lease termination. All oral contracts must be reduced to writing.

Also Read: Why Flexible Lease Terms Matter for Businesses Today?

Negotiating the Lease

If you have found your dream office space for rent, now is the time to negotiate the terms:

• Negotiating Rent: Feel free to bargain over the rent based on market rates and comparable property in the same neighborhood. Find out comparable listings that can aid your negotiating power.
• Lease Duration: Negotiate for a flexible lease duration, short or long-term, depending on your business plans. A short lease can be convenient if your business fluctuates rapidly.
• Additional Fees: Externally managed expenses that will be absorbed in managing the property or standard amenities. You'd be aware of them in advance; otherwise, they would give you a headache later on.

Enterprise Co-Working Spaces

If you are into business or for a new venture, flexibility is important, then consider co-working spaces as an option:

Advantages of Co-Working Spaces

• Lower costs
• Flexibility in lease terms
• Networking with other businesses
• Shared infrastructures: meeting rooms and lounges

Co-working spaces include Bhive, among others. They have different plans to suit business size and needs.

Transition Tips

It's quite a challenging task to ease into a new office space; here are some tips that can help with this process:

• Keep Them Informed: Let the employees know of the planned date for the move and any changes they would face.
• Utilities Ahead: Get all the utilities set up, like the internet and electricity, weeks ahead of the date when moving would take place.
• Plan an Effective Office Layout: Structure an environment that encourages teamwork while incorporating private workspace areas.
• Personalize Your Space: Include some branding elements or decor that connect with your company culture.

Conclusion

Finding the right office space for rent in Bengaluru needs careful planning and research. With this in mind, by knowing what you need, proper usage of online platforms, adequate evaluations of shortlisted spaces, and negotiation, you will find the right office to support your business.

BHIVE Workspace will also be an excellent choice for hassle-free solutions with expertise in finding ideal office spaces without brokerage fees. BHIVE has specialized office solutions for startups and established businesses to help ensure the workspace is conducive to productivity and growth.