Office Spaces in Bangalore :: A Better Outlook

Every corporate needs assistance in identifying the right place for their operations.

With current situation in hand, organizations are finding ways to optimize their resources and infrastructure . We felt it important to do our bit to support corporate / institutions by sharing inputs, which would help to take informed decisions in this matter.

At Ideal Space Solutions, we specialize in Leasing / Renting of Commercial Office Spaces in Bangalore, keeping in mind predominantly their Industry, Clientele and talent pool. It is our constant endeavor to update and upgrade ourselves and bring these inputs to you, so that you are abreast of the current scenario.

ARE YOU A NEW STARTUP?

As a startup venture, we definitely understand that your priority is to build your business, hence it is essential to be around an area or community which would support you and your brand.

Our Insights:

Factors to be kept in mind while identifying the ideal location are :

• Availability of Talent Pool
• Startup culture environment
• Proximity for transit. Easy to reach South, East and Central Bangalore locations.
• Ample availability of accommodation in and around these areas ( PGs, single bedrooms apartments)
• Multicultural community &
• Multi cuisine restaurants and eating joints.

Recommended Locations :: Koramangala, HSR Layout, Kundanahalli

Types of Offices available : Co-working options (per seat and cabin basis), Independent building – floor wise ( Warm Shell & furnished), Furnished offices, Managed Offices.

Our Recommendations: 1 – 30 employees : Co-working ( per seat/ cabins ) depending on the budget.
> 35 employees : Independent office ( Warm Shell/furnished) again, depending on the budget.

ARE YOU A STARTUP WHO IS EXPANDING ?

As any aspiring company, its great to hear that your startup is ready to spread your wings and go places with funding in place.

We are sure, hiring and infrastructure expansions would be your top priority. A good and smart organisation gives utmost importance to its infrastructure requirement as it helps save time and money in the long run.

Our insights:

If your organsiation is planning to expand in the next 18-24 months, the plan of expansion should be considered right now . This helps saves cost by at least by 25%, and more importantly it helps you beat logistical nightmares.

Expand into a location were the following is visible ::

• Availability of talent pool is more to cover your future requirements.
• Identify Locations were future expansion is comfortable in terms of availability and scalability; helps address attrition.
• As you are in the growth phase, infrastructure efficiency is a key factor to be watched out – Optimizing the space in terms of seating becomes critical, type of building helps ( Ensure HM Guidelines are followed )

Recommended Locations : Koramangala, Outer Ring Road, Electronic city, Marathahalli, MG Road, ITPL

Types of Offices available : Independent buildings or floor wise ( Warm Shell & furnished), Enterprise or Private work spaces, Managed Offices.

Our Recommendations:

• If for a short term plan (1-2 years ) , look for an independent furnished or enterprise managed offices based on the budget in hand .
• If you are very sure that you will be using the premises for a long term (> 5 years ), it is worth investing in the interiors as it helps in saving cost through reduced rentals compared to furnished and also depreciation.

Reach out to us for help and to explain it better …

ARE YOU A COMPANY CONSIDERING TO DOWN SIZE ?

We are sure that this planned decision is done keeping in mind the market and business need. However, we understand that there are various challenges which needs to be overcome by such a decision.

Like any business, you would also be looking at optimising cost and the obvious choices are relocating to smaller facilities, optimizing infrastructure etc..

But not to worry… we can definitely help you in this too..

Our Insights:

The following key questions have to be answered to make an informed decision.

• Is this a interim move or long term shift ?
• Has your current lease term expired ?
• What does the exit clause say in the agreement signed?
• Do you have a Force a Major clause in the current agreement ?
• Does the new location impact attrition ?
• On revival of business or situation, will the location support growth ?

To help you better and support you, quickly reach out to our specialists…..

Cost is considered on the basis of three aspects – Location , Type of Building /the Internal Infrastructure chosen and Tenure

Recommendations : It will be solely based on the budget and the proximity of current office premise ( main road, Inside lane) and the Proximity of travel of critical resources.

Locations:: Hosur Road, Kundanahalli, ITPL, Jeevan bhima nagar , Old airport road, Kalyan nagar, Kasturi nagar .

Note: Please keep in mind that evaluation based on your current location is critical here.

ARE YOU A CORPORATE WANTING TO EXPAND/CONSOLIDATE IN BANGALORE?

Optimizing resources is the new normal and organisations moving towards this have to ensure business continuity and commitment to their customers and stake holders.

Our Insights :

Location becomes paramount in these situations. Some of the key points that have to be taken care of are:

• Legalities and formalities to be completed as per state
• norms.Proximity of the Office – Distance from Target Audience, Distance from residential pockets, Food availability, Airport, Metro etc
• Logistics Management – As organizations have limited resources to manage, it is important to plan logistical requirements accordingly.
• Future Expansion – Is there an expansion facility available in the current building or new building in case of expansion ?
• Safety – Is the building compliant and adhering to safety standards ?
• Office Address – IT companies and especially organisations that work on servers, need to be watchful on the impact it would do to update client database, movement of servers, Billing & impact , implementation time at new office etc..

Recommended Locations: ITPL, ORR , Belandur, Electronic city, Koramangala, Hebbal. Preferably Tech parks.

At Ideal Space Solutions, we work as partners to help you identify the right office space in Bangalore, keeping in mind all the relevant mentioned above

Clients Choose us because of our

• Timely Delivery
• Professionalism
• Solution Oriented Approach and our
• Support in documentation, Legal advice & Interiors through our reliable partners.

Do let us know if you would want any location based specific inputs for office space for rent/lease in Bangalore. We would more than happy to assist and guide.

At Ideal Space Solutions, we strive to help you take steps ” Towards the Right Move. “

Watch out for our next update as we bring you indicative prices of various locations in Bangalore !!!