Riding on the strong economic trends many new businesses are opening up in different parts of the country. The economic transformation that was initialized by the changed political stance of the government in the 90s is still in force. Influx of many multinational corporations when in one hand changed the face of Indian employment scenario on the other also initiated a spurt in demand for commercial office spaces. Supported by the growth of IT and IT enabled service industry there was a new generation of entrepreneurs who promoted the growth for modern office buildings and business centres. This rise in demand, however, has also sent the property prices skyrocketing. As many new development projects started coming up the price of modern office spaces inflated proportionately.
Sometimes the rise was quite disproportionate as well, such as in Gurgaon. During the first quarter of the current year the rise in property cost in the area was 72% compared to the price rise in Delhi area. The demand was also propelled by the huge demand created by the migrated population from the other parts of the country to the IT hubs in NCR area.
This explosion in property prices is causing dismay for many potential as well as veteran entrepreneurs who are finding it hard to acquire right property to expand their business. Many have shifted their operation to smaller accommodations to avoid high property rent. On the other hand, property developers too are facing challenges in securing takers for their projects. This situation can lead to stagnancy which is not desirable under current economic condition.
Managed office spaces can be a solution to this problem. Unlike a fully serviced office accommodation, managed office is offered on more flexible terms of tenancy. These office spaces are available on shorter lease terms.
Managed office is an emerging concept that offers tailored office space solutions to businesses. With managed office you don’t have to bind yourself in long term leasing contracts. Managed office is an ideal solution for your immediate and temporary project needs. These are ready-to-use, furnished office suits available for immediate occupation.
Managed office takes the worries of office management off your shoulder so that you can continue focusing on your main activity. The office spaces are fully furnished to cater to the needs of a modern business with plug points and cable ports located at strategic positions. With these office spaces you don’t have to worry about spending huge money in redecorating the premises. Maintenance and security are often offered by the MOS service provider against a service charge. The entry level investment for managed offices is much less than fully serviced office suits.
Managed offices are now available for a wide range of purposes. If you are looking to occupy a space on temporary basis to conduct training then a managed office is a wiser choice than setting up your own training rooms.
Managed office a solution to rising office space rents