office space in bangalore

Powered By Blogger
Showing posts with label Office space in Bangalore. Show all posts
Showing posts with label Office space in Bangalore. Show all posts

Monday, 28 March 2016

5 Simple Tips to Keep your Office Space Organized




We all know that how an orderly and neat office space creates a way for less wasted time and higher productivity. Most of us think that organizing the office space takes a whole lot of time, which is not true. It doesn’t have to take days, organizing can be done taking little at a time.
Fact is that, maintaining an organized office space is much more effective if you see it as an on-going project, instead of looking at it as a massive thing. So if you are thinking to have a neat and organized office space, here are a few tips which can help you transform your office into an efficient workplace.
1.      Purge your Office: Just take a look at your office space and observe the things which aren’t necessary. Shred, de-clutter and get rid of the things which are no longer in use. Take your time to see what you haven’t used for quite a long time. Consider one area at a time and see if the things can be repaired and reused; if not, show them the way to the bin. This applies for unused furniture, supplies and other equipment. Not to forget the artificial plants, knick knacks and the decorations that are covered with dust; it often makes your office look shabby.

2.      Establish Work Zones: Establish the work zones to keep your office organized and neat, so that the defined activity happens only in that particular area; this avoids things messing up at office. You will probably have a main workspace (your desk), a supply area (shelves, closets and drawers) and a reference area (cabinets and binders). Make sure you use appropriate area to carry out your work.

3.      Organize your Desk and Drawers: Organizing the desk space stands in the first place when it comes to neatness. Make sure you keep your desk space clean by removing the things which are not in use and putting back only the things which are essential. Also, keep your drawers organized by placing the relevant items together in the same drawer space, like stick pads and notes, stamps and envelops, etc. It avoids clutter and provides you easy access when you need them.

4.      Clear the Piles: Pile or heap of files or any other things can add a clumsy look to your desk. Make sure you clear the heap then and there itself. Also, go through the old files and check if they are really necessary, and keep it in an appropriate place if they are necessary; dump it if they are of no use. Consider maintaining a separate tray or a folder for all those you work with. This keeps the things more organized and avoids the formation of heap.
     
5.      Assign Discard Dates: Assigning discard dates for the things which are in place for a long time helps you get them out. You don’t have to keep each and every piece of paper indefinitely. Give a discard date for the files and documents after which they can be tossed or shredded. Some documents and legal files have to be maintained for some specified length of time; make sure you know the length.
Not just the above mentioned points, you just have to be aware that the amount of effort you put in to create an efficient work place will certainly pay off in a great way. You can spend your time productively instead of shuffling the files and looking for the things you need.

For more information:

Tuesday, 2 February 2016

Bengaluru Tops the Chart of Cities Having Great Demand for Office Space!

According to a recent research made on the corporate real estate, Bengaluru seemed to lead the demand for corporate real estate spaces among the top seven cities in India in the year 2015. The report stated that, the demand for ‘Grade A’ office space among top seven cities in the country rose up to 18%, which touched an all-time high demand of 38 million square feet in 2015.
But what has to be noted is that, out of 38 million square feet, Bengaluru led the race with the share of 32% (12.2 million square feet) driven by the demand from traditional IT and new ecommerce companies. Even in 2014, 33 million square feet was the total office space absorption in which 34.2% was contributed only by Bengaluru.
India – Established Outsourcing Destination
Anshuman Magazine, the managing director of CBRE (Real Estate Services Firm) said in an interview that, India has been a favourite outsourcing destination for many multinationals who wish to outsource their operations to major cities in India, and this has been a main reason for the sustained spurt in office transaction activity. This combined with the positive market sentiment and macro-economic climate, has encouraged office space occupier demand in the year 2015.
Areas in High Demand in Bengaluru
The micro markets of Bengaluru which saw a major increase in office absorption include Electronic City, Whitefield, Jayanagar, JP Nagar and Sarjapur Outer Ring Road (ORR) stretch. In Electronic City and Whitefield, the transactions were mainly driven by IT/ITes companies for small and large sized office spaces, but in ORR region, the demand was mainly because of ecommerce companies.
Rental Appreciation on Quarterly Basis
The report also said that, the Outer Ring Road (ORR) region witnessed the completion of three prominent Special Economic Zones (SEZ) and commercial investment grade projects.  Also, the sustained demand from occupiers and limited availability of quality spaces resulted in the rental appreciation of about 1-2% on a quarterly basis across both SEZ and IT segments.
Looking at the reports, Ram Chandnani, the managing director of transaction services at CBRE South Asia said that, the corporate occupier demand for office spaces seems to continue its growth in the coming months also. According to him, the consolidation and expansion strategies of corporate agencies will continue to be in the Greenfield projects whereas the pre-committed space will be in under-construction projects, and it seems to be true if we go with the statistics.

For more information contact us:



Monday, 30 December 2013

5 Tips to Bargain the Finest Office Space


Once you have chose your options for office space and you like them, the next step is to acquire the best deal possible. But at times knowing what to bargain is peculiarly complicated. Landlords may be worried to congest empty spaces, but they are also keen to make up for the money and except you are not cautious, that negotiation lease you sign now can be filled with hidden charges, rising fees and clauses that knock down when you would least anticipate it. 

Obtaining great deals on office space is a blend of market timing, and good tenant planning. 

The real estate office market has strike a tipping point. With increasing vacancies and new sublease opportunities coming to market daily, when it comes to renting an office space it’s the tenants market. Rental rates are falling and will continue to do so. Landlords and Business centers are providing huge concessions to new tenants, but you won’t get the finest deal except for you know what to request. Smart business leaders know this as a suitable time to leverage their tenancy and take benefit from the market conditions. To take advantage of current market conditions business managers must bear in mind the following important success factors:
1.  What is the Optimum Price?   
When moving closer to the negotiating table, the peculiar tenant who’s doing this for the first time is most centered on obtaining the monthly rent as low as possible. This is the most frequent mistake tenants commit when a broker is not representing them.  The correct way to scrutinize a deal is to consider its total value (i.e. annual value, taxes, lease period, free rental period and other charges). That’s the way landlords evaluate deals, and that’s what you should also do.

2.  When to Initiate this Process?
Start the process early. This offers negotiating leverage and wiggle room. Initiate at least a year months before your lease ending date. Exploring the options can take 3 months, negotiating a lease can take 2 months, and if there is building new developments at another location can take 3 months or more. Set aside a generous amount of extra time for unforeseen delays in the leasing process.
3.  Don’t Give a Hint  
In no way give your landlord the feeling that their space is the only one that works for your company. Always create numerous feasible leasing options. Obtain proposals from each. Don’t grant a positive suggestion to any landlord until you have a fully executed new lease or lease renewal document with you. 

4.  Do your Groundwork
Always employ a tenant cost comparison spreadsheet. This spreadsheet comprises pricing of the potential offices you have chosen. Make the landlords completely aware of the fact that you will be directly weighing and comparing their lease suggestions with a tailored Excel spreadsheet. Put in the main factors from your different lease proposals. Make use of the resulting bottom line cost comparison as your major negotiating lever with each landlord to bring down the price of the competing sites. While making use of a tenant cost assessment spreadsheet, make sure that the landlord at each leasing option is offering you all the key cost factors you require. If it is clear that any landlord is delaying cost comparison details, just remove that property from the catalog of competing options. 

When employing a tenant cost comparison spreadsheet, pay attention to the landlord profit centers:
·         Put in key factors on base rent increases, tax and operating escalations, and other cost areas that increase over time.
·         Use the cost comparison keenly in your negotiations to eradicate, lessen or limit the landlord profit centers.

5.  Obtain a Representative 
Before starting the process, think about engaging an office tenant representative broker. If you are proficient in your business, you are most likely not a skilled in the profitable real estate office leasing business. Market dynamics change each day. An expert office lease negotiator is much better prepared to influence the market to the tenant’s fiscal advantage. Wait for each prospective landlord to be an expert office lease negotiator, controlling the office leasing market to the landlord’s economic advantage. If you settle on to employ a tenant representative, think about choosing one from an exclusive tenant rep commercial real estate firm. There are a lot of firms in the commercial real estate industry who stand for both landlords and tenants. This practice is observed by many tenants as a main clash.

Inquire your office tenant representative broker about economic details on current office leasing transactions in your local office market. The more deal your tenant rep broker has to reference, the more efficient he or she will be in influencing the local office market. Appoint your own commercial real estate architect to confirm the accurateness of the affirmed usable square footage of the office space.
Speak to other office tenants frankly regarding a potential landlord’s reputation in the areas of office building management and fair dealing.