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Setting up your own enterprise can be an exhilarating experience. Burning the midnight oil to put your business plan in place and set your finances in order is part of the big game.
The next step in this process is setting up an office. In this tech age, you have the option to explore from a stand-alone office space or a co-working one. We tell you how to go about making that important choice.
Why choose an independent office
The location of your office matters greatly if you want to make the right business statement. Yes, it makes pure business sense to have that enviable and strategic address to say you’ve arrived into the big league of entrepreneurs.
You must have noticed that top corporates often have a prime business address in the city’s commercial business district (CBD). In Mumbai, the Bandra Kurla Complex is a premium business area housing the head offices of premier global companies.
In Bengaluru, the CBD comprises MG Road, Brigade Road, Lavelle Road, Cunningham Road as well as UB City.
However, before you start looking for an office space in a commercial building, you must remember the fact that the cost of renting an office can be pretty expensive. So, while you plan your budget for expenses and overheads, don’t forget to factor in this crucial aspect.
A traditional stand-alone office allows you the independent space to house your business activities, host meetings, and conferences, and recruit the staff you require for your business profile.
You have the freedom to design the interiors in the colors of your company and experiment with open office design or one that includes glass cabins exclusively for the top brass.
Since you own the entire space, it allows you to display the board of your company as well as flaunt the brand logo.
Independent offices these days come fully furnished with all modern fixtures and amenities including central air conditioning and a cafeteria.
This is why top companies like HM Constructions https://www.hmconstructions.com/ have their premier office space in the preferred business location of Cunningham Road. In fact, understanding how essential a prized business address and superior office space is to one’s professional status, HM Constructions offer excellent plug-and-play fully furnished offices at HM Vibha Towers in the coveted address of Koramangala. HM Vibha Towers offers 32,000 sqft of voluminous floor area to design your office according to your eclectic taste. This prime office building offers a healthy interplay of ventilation and natural sunlight throughout the day when employees’ productivity is the highest.
Another of HM Group’s prized office properties is HM Towers which enjoys a strategic corner location on Brigade Road – one of Bengaluru’s esteemed locations.
HM Tech Park, located in Asia’s IT hub creates the perfect landscaped landmark for corporate clients with the modern buildings making the most of the natural elements of sunlight and air to celebrate the essence of work.
An independent office space can be yours on a long lease or you could probably also purchase one outright. Study the various CBD options and take your pick.
Perks of a co-working space
Co-working offices have taken the start-up business space by storm. Since the idea of co-working embodies coming out of your comfort zone in isolation, to sharing the workspace with others, it depends on the kind of business profile your company has.
Scalability and flexibility apart from employee well-being are key priorities for most office occupiers, indicating a strong sense of confidence in shared workspaces even in today’s challenging environment.
In a survey conducted among office occupiers and real estate executives, across three major cities, more than 50 percent of them said scalability, flexibility, and employee wellbeing are some of their biggest focus at the moment. Savills India’s survey indicates that 65 percent of occupiers prioritized their transaction structuring towards amenities that could enhance employee wellbeing while 57 per cent of occupiers gave importance to flexibility to exit, 51 percent towards scalability to grow, and 12 percent prioritised reinstatement.
Developers are offering flex space, managed services, and enterprise-level solutions. Bidding of vacant spaces in buildings to gig workers and hot deskers on a per seat rental basis is becoming more prevalent.
Certain value add-ons are expected to help distinguish the flex space providers. Some developers of co-working offices offer hassle-free tie-ups for business loans, day-care services for infants, senior-level perks, and partnerships with retail outlets. These could become the unique selling proposition for operators vying for clients.
Whether it’s a traditional, independent office you are looking for or even exploring a contemporary co-working space, the onus is on you and your type of business to make that significant move.
Contact us to know more @888 0225555