Mumbai being the commercial capital of a growing economy like India, there is a high demand for office spaces in the city. If you are a startup company, looking for the most suitable office space in Mumbai, then you should first understand that Mumbai is now the sixth most expensive city in the world as far as the rent of office space is concerned. According to a survey by Cushman and Wakefield, Hong Kong is the most expensive city in the world according to office space rent, followed by London, Tokyo, Rio de Janeiro and Mumbai. The cost of opening an office in this Indian city averages around $114 per square foot per year while the cost in Hong Kong, the most expensive city is $241 per square foot per year.
In view of such cost, you may set up your office at Pune which is only 3 hours away and quite friendly to new businesses. However, if you are determined to have office space in Mumbai, you can look in certain areas for low cost. These areas are as follows:
- Andheri, Goregaon and Jogeshwari are good places for startup companies to rent office space in Mumbai. Since they are near the airport, they have excellent infrastructure and connectivity.
- If you need to travel to Gujarat frequently, you can consider office spaces in Dahisar or Bhandeyar. These are low cost, but commuting from city may be slightly difficult.
- New locations are coming up at Vashi, Belapur and New Bombay off Thane. The cost is still low while infrastructure is pretty good.
- If you can afford it, you can look for office spaces in central lines like Powai, Vikhroli etc.
Of course the premium office spaces in Mumbai are located in Bandra and other areas in the South. The Bandra Kurla complex is one of the most coveted addresses. When you are a small business, you can avoid these spaces as they are too expensive.
If you still want one of the most prestigious office addresses in these areas, one option is to opt for serviced offices. Quite a few companies offer this facility here. You can rent fully furnished office spaces, thus saving on buying the office equipments and furniture. Maintenance and basic office infrastructure like security, telecommunication, secretary, receptionist and photocopier are all provided. So, you can start working at once. The prestigious address is a great advertisement which increases the confidence of your clients in you as it projects an aura of success. Compare the rates offered by different companies for serviced offices in this region. Also consider the facilities, floor area, décor and other terms of the lease before you choose your serviced office space.
<p>Hima Bindu is a web enthusiast and a writer. She has afforded her articles and write-ups autonomously and through various online forums. <br /> Get more information on <a href="http://newbridgeoffices.com/locations_mumbai_andheri_east.php">office space in mumbai</a> & <a href="http://newbridgeoffices.com/managed_offices.php">serviced offices</a></p>