First of all, estimate the number of workers you need for your business. Then, allot 180 to 250 square feet for each person. For secretary, you may need a smaller working area and for higher rank of workers, they may need a bigger space. Then, sum up the area needed for all your staffs. Remember to include around 10% of space to cater for near future expansion. There are lots of things to be considered before you rent an office space. Besides the facilities surrounding that location, your office area is also important.

Besides working space, you need to identify the type of rooms needed in your office. For example, you will need at least a meeting room in your office. This room will be used to have meeting with your staffs or to meet up with clients. Make sure the space you allotted is sufficient to avoid stuffiness. Other than that, most of the office would need storage rooms to keep all the documents and confidential information. If needed, depending on your nature of business, a conference room might be required. Industrial rentals in Delhi have increased in recent years even though there was a economic slowdown. People are always in search of industrial space to start their own business. There is always a hunt for industrial space and many people rent out their space as industrial rentals. Industrial Rental value in the following mentioned locations (also known as prime and major society in Delhi) are increasing day by day and having sky touching cost.Some of the areas are Defence Colony, Greater Kailash, Green Park, Sainink Farms, Safdarjung Enclave New Friends Colony, Sunder Nagar, Chanakya Puri. Read the rest of this entry »

Many property investors choose industrial property as their first type of property investment outside of residential property. This then shows that the first time or smaller property investors believe that industrial property has key advantages for them.

The main advantage we can see frequently is that industrial property is relatively simple and basic when it comes to property performance. It is not hard for property investors to know what to do and what to control with property rents, leases, and property maintenance.

So what could be some other elements of industrial performance that are worth considering if you were and investor and you wanted to purchase a good property or something with real potential? Here is a list to get you started.

These are the most common points of concern and focus in industrial property that we come across as we speak to many investors, tenants, and real estate agents.

1. Transport routes to the property and those that are used by a typical industrial tenant must be understood. The routes must be easily accessible as a system of raw material supply and product distribution.
2. Many tenants need raw materials as part of their business operation. What are these raw materials and how easy is it for the tenant to get them? Look at the access factors for air transport, shipping and port access, together with freeways and the main road networks.
3. The power to the property should be of the type that industry uses. In most cases that is what we call ’3 phase’ or ‘high tension’ power. It is the type of power supply that industry needs for large machinery function. If this power is not available you will have to assess how much it will cost to get it to the property.
4. Cost and supply of labour force is important to industrial tenants. Invariably they will need people to work in the business. Proximity of the industrial property to local residential areas or towns will help with a source of labour supply; however another advantage with this will be access to public transport for the employees.
5. Moving the end manufactured goods to their market is quite important to the industrial tenant. Today we see reasonable flexibility with truck transport and road networks however some very heavy or bulky goods will need rail heads as a point of distribution. Rail transport still has the advantage when it comes to large volume and heavy goods.
6. Industrial property investment seems to be strongest in performance around major cities with established growth cycles. Even in a slow economic cycle these industrial properties will perform given the interaction with the community and reasonable access to end markets. Read the rest of this entry »

Industrial property has some common location factors that will make the property much more attractive to most purchasers or tenant businesses. When inspecting industrial property you could use this list as a guide to its marketability.

In saying that, also note that many industrial businesses will also have additional specific location factors unique to their business that will impact the decision on the property. Direct questioning should help you identify most of those extra things needed.

So when you get to the real location decision maker and the key person of the industrial business you can proceed down this path. The most common and desirable factors in an industrial property then are:

1. Proximity to good road and highway access. Consider the types of deliveries that will be coming and going from the property. How far away from the main freeways is the property located and can large trucks get to and from the freeways easily?
2. Abundant labor supply is fundamental to the function of any industrial business. You should identify where the labor supply will come from and how they will get to the property. Remember that the access to the property may be necessary at any time of day for the staff and labor. Could any nearby public transport be of some use?
3. Car parking on the property is a premium and high priority for many businesses today. When the staff arrive at the property by motor vehicle is there sufficient parking for the staff without interfering with customer car parking?
4. Availability of extra land and hardstand area on the property is important to some businesses. The storage of materials, containers, and machinery is a critical issue for many industrial businesses. Take measurements of the exterior of the property and the distances for truck movement and storage.
5. Proximity to sea and air ports may also be critical for some businesses. Having details of the port access will be of advantage in any of the inspections you take to the property. Read the rest of this entry »