Tag Archives: Office rent in Mumbai

office space mumbai

Mumbai stats: why it makes sense to rent an office space in Mumbai

From the first quarter of 2015, absorption of office spaces Mumbai have increased significantly. Let’s take a look at the reasons for the boom in renting commercial official space in the city:

  1. According to a report by JLL, in 2013, the net absorption of commercial spaces in Mumbai increased by 4.4% year-on-year to about 7 million square feet compared to 6.7 million in 2012
    Source: http://jllapsites.com/real-estate-compass/2014/01/mumbai-office-market-2103-review-2014-predictions/
  2. In the first half of 2011, Mumbai was the topmost cities in terms of rate of office space absorption. This surge was primarily due to the availability of office spaces in the city. In case you are looking for office space on rent in Mumbai, then get in touch with us at https://smartworksoffice.com/
    Source: http://www.indianrealestatemarket.com/office-space-real-estate-market-in-india-half-year-review-2012-2/
  3. Till the end of 2013, companies mostly favoured suburban locations in Mumbai for leasing office spaces compared to the commercial business district. This shift was primarily driven by the high prices of commercial spaces in the prime business locations in the city. Moreover, the suburban landscape of the city was also supportive to the diverse preferences and demands of the organisations. Earlier, the largest office constituents in Mumbai comprised mainly of the financial, banking, and insurance sectors. However, now, with the increased presence of IT-ITES companies in the city, the low-cost office space destinations are high on demand.
  4. This transition in the commercial space landscape of the city and the improvement in infrastructure have attracted organisations from sectors that were under-represented in the business map of the city. Sub-Urban areas such as Navi Mumbai, Thane, and other areas of Eastern Mumbai such as Vikroli, Powai, and Kanjur Marg have witnessed an increased stock of commercial space for rent.
  5. In 2013, the office space vacancy in Mumbai dropped to 22.9%. During that year, the city witnessed a significant drop in office space vacancy in areas such as the Western Suburbs, SBD-Central, Navi Mumbai, Thane, and so on. On the other hand, during the same year, vacancy in Eastern Suburban areas and CBD rose. This was due to the availability of high-quality office spaces in these areas.
    Source: http://jllapsites.com/real-estate-compass/2014/01/mumbai-office-market-2103-review-2014-predictions/

If you too are planning to take office for rent in Mumbai, contact us at 1800-833-9675.

5 things to check before renting an office in Mumbai

If yes, then this is the right article for you. Renting a proper office space in Mumbai that complies with your needs and demands is a bit tough. However, you can easily overcome these hurdles if you consider the following tips:

Consider the Commuting Distance
The Mumbai traffic is almost legendary. Commuting from one place to another in Mumbai will eat up half of your day. In that case, look for a space that can be easily accessed through public transportation or cars. You do not want your team members to be exhausted by the time they reach office.

A Parking Space
When looking for office space for rent in Mumbai , check whether it comes with a parking space or not. If there is no parking space, ask the landlord whether they can arrange for that or not. You do not want your clients to turn away just because they couldn’t find a proper parking place near your office.

Property Prices
Office spaces are pretty expensive in Mumbai. Many times, the landlords charge exorbitant amounts. This is because there is a huge disparity between the demand and supply of office spaces. Ensure that you get in touch with a proper office space agents (like us) who can provide you with flexible office space solutions within your budget.

Check the Safety of the space
This is one of the most crucial things that you need to do. Check the safety measures of the building before taking office space for rent in Mumbai. Look for the fire exits, electrical situation, and the strength of the ceilings and floors. Be picky in a place like Mumbai otherwise, it can cause severe discomfort to you and your team members.

Understand the Agreement
Properly understand the provisions and sections of the lease agreement. Take help from experts to understand the legal terminologies. Discuss and negotiate with the landlord regarding the security deposit, the lock-in period (the time during which you cannot break the agreement), and the notice period.

Also, enquire about the reputation of the location. These points will help you brace yourself to secure the best office space in Mumbai. For any further assistance regarding office rent in Mumbai, contact us at https://smartworksoffice.com/

Maximise Small Office Space

5 Tips to Maximise Small Office Space

But, you can easily make your small office look bigger by introducing design plans and materials that increase comfort levels by maximising space. Here are 5 ways to manage your office design and Maximise Small Office Space:

Don’t Block Natural Ligh
If anything blocks natural light from coming into your office, try to remove that. Natural lighting makes the room appear bigger and brighter. If you have a window in your office, don’t keep them closed.

Flexible workplaces
Introduce flexible workplaces by making room for breakout spaces. Keep a few stackable desks and chairs in this area. Your team members can use this place for gathering together to collaborate and discuss various issues. Also, it can be used as space where your team members can hang out. Stackable desks and chairs are easy to store and won’t occupy much space.

De-clutter your office space
Clutter makes your office space appear small, untidy and cramped. Maximise Small Office Space to keep your office de-cluttered. Take advantage of the vertical space in your office and install shelves and cabinets. Keep all the files, office supplies and documents in them. Designate fix places for everything and store them properly after use. Also, keep office desks with plenty of drawers. This will help you keep your office organised and make it appear clean and big.

Use Mobile Furniture
When you are tight on space, make the most out of it by keeping it flexible. Keep a desk on wheels. This mobile desk can be used by everyone whenever needed. If you do not have any conference room, don’t worry. Keep foldaway meeting or conference tables. It’s easy to store and you can easily use it whenever you need to collaborate with your team.

Use wall-to-wall flooring
This is a great alternative for having rugs on your office floor. Rugs make your office space appear smaller. So stick to wall-to-wall commercial carpeting. It’s easy to maintain and create an illusion of expanded space.

With these easy tips, you can easily expand your small office space thus making it more comfortable for your team members. If you are looking for an office for rent in Mumbai, we can help you find one. Get in touch with us at https://www.smartworksoffice.com/ and we will get you the best office space on rent in Mumbai.