When searching for the perfect office space for sale in sector 5 Kolkata one of the biggest questions to ask yourself is how much space your business actually needs, and whether you want to get more for growth and for renting out. Think about how many staff you have, whether you plan on expanding within the next 5 years, and what specific space requirements you have now and might have then. Do you need a reception area, conference rooms, an open-plan office or individual offices? Do you need to be near a good flow of walking traffic or can you be further away from public places?
Common commercial space terms or jargon
As well as working out that you need to get a commercial office space Kolkata the right size, you also need to become more aware of the different terms in commercial spaces. This will help you know what is meant by certain jargon.
Right of expansion – this is a term common when leasing, it means you the tenant have the right to claim additional space so you can expand the business for the duration of the lease terms.
Usable ares – this refers to the area where the office operations will take place. As a building is renovated, expanded and so on the usable area might change. It is worked out by measuring the space from the exterior wall to a divider or interior wall. It might also be referred to as a net rentable area.
Option to buy – this means while you are renting now at the end of the contract you can purchase the property from the current owner if you are looking for office space for sale in sector 5 Kolkata.
CAM (common area maintenance) – in a rented property each person renting some space will pay CAM fees to the landlord to cover maintenance and such of common areas such as bathrooms, the entrance and such.
Building common area – as mentioned it is possible you are not the only ones in the building and then there are common areas you share with them, such as bathrooms, a lobby, stairs, lifts and so on.
Building classifications – class A buildings are the most desirable, newer and in good locations but also then more costly, class B buildings are slightly less so, and class C is usually old buildings that need a lot of work.
Floor rentable area – unlike the usable area this is the space that is non-changing, and even when there is work done, will not be affected.
Summary
Buying is a big commitment when you need commercial office space Kolkata and requires planning, research and a big investment of money. Leasing is what a lot of small businesses do as they do not yet have such money. When you know what you need and the different terms you will come across, the process of buying or renting is a lot easier. It is a good idea as well to have an expert in commercial properties guide you so you do not get yourself and your business into financial trouble.
