As per a study, more than 25,000 coworking commercial spaces will exist across the world by the end of 2022. Well, there is nothing to be surprised by this as coworking space in Hyderabad has become a major trend among most business owners.
If you are planning to start a new company and want to save costs, then you can opt for a coworking commercial space for rent in Hyderabad instead of a traditional office space. Such office spaces are cheaper and can offer your maximum flexibility. Besides, these spaces come equipped with all the required facilities and features that you will need to grow your new business. Some studies have proved that a perfect coworking space can make the employees 80 percent more productive.
However, there are some important factors that you should consider while renting a coworking office space to enjoy maximum benefits.
Things To Consider While Choosing a Right Coworking Space
Some entrepreneurs think by making big investments, they can enjoy a big return. But this is not a fact. While searching for commercial space for rent in Hyderabad, you need to consider your budget. Well, as there is a lot of space in the market today, you easily find a perfect space under your budget. When it comes to budgeting, you may also need to consider the cost of website hosting, salaries of your employees, costs of getting business licenses and permits and more. Make sure that you have sufficient funds to rent space after covering all these costs.
Privacy Features of the Space
Most of the coworking spaces available in Hyderabad provide the users with offices of different sizes and private rooms. You can also find a space for two to three teams. It’s all up to you. While renting a coworking space, make sure that place has private meeting rooms, conference rooms and more. Besides, you can also go for an office space with free call booths so that you can have conversations with your team without worrying about the overhead.
What About the Ambiance?
Remember that ambience will play a crucial role in keeping a maximum level of productivity in coworking spaces. Not all coworking spaces are the same. Noise is one of the important parts of ambience that you can’t ignore. Some office spaces can be noisier than other coworking spaces, with multiple teams brainstorming in common areas or loud advertisements playing on TVs or over the speakers. So, don’t forget to check for these things. Besides, go for a Coworking space in Hyderabad that has lots of natural light to save on your monthly electricity bill. Prefer to visit the place personally to check all these things.
Services That the Space Can Provide
There are some coworking spaces where you can get administrative services, for example, reception desk, security staff, cleaning services and more. Besides, different utilities, like gas, water, and electricity, also come included in the monthly rent. With miscellaneous activities covered, you will enjoy some benefits.
You don’t have to waste your time and money on dealing with such a service. Furthermore, the coworking space also may include different benefits and amenities, like power backup, lockers., refreshments, beer, tea, coffee, printer, scanner and more. Before finalizing a space, you can also talk to your teammates to understand what amenities they would like to see in the coworking space.
Don’t Forget to Go Through the Terms and Conditions
A general rule is that the bigger coworking space provider is, the more established and stricter their rules will be. So, before making the security deposit, you should properly check the terms and conditions of the coworking space. Don’t forget to check for the possible penalties for breaking the renting lease.
Well, if you can get a few days for the trail before permanently renting your coworking space, you can get a feel of working in the space. Some space owners offer such facilities. If the owner is not offering a free trial, you can try to ask them to provide you with a grace period. So, if you don’t like the place, you can cancel the contract and look for another commercial space for rent in Hyderabad. Besides, make sure that the lease is flexible.
Choosing The Best Coworking Space
Even though finding a perfect Coworking space in Hyderabad is a challenging task, it is not impossible. A coworking space is a perfect option when you want to establish your new company, but you are a little low on budget. Don’t worry at all. Consider the above-mentioned factors and think about the features available in the coworking space you want to rent. This way, you can easily find coworking space that will meet your requirements under your budget. However, if you don’t have much time to deal with all these things, you can hire a professional real estate agent or property developer in Hyderabad.