Corporate office space is taken on lease by organizations who need to keep employees at the workplace like call centers, real estate, banks to name a few. The amount of space required depends on the number of employees, size of the organization and budget availability. Many of the commercial spaces are designed and constructed by builders with the thought of giving it on lease or selling it to well established organizations. Bangalore is a hub of information technology and also known as the silicon valley of India therefore there is great demand for Office Space in Bangalore.
There are many types of office space in Bangalore namely co working space, serviced office space, shared office space, sublet office space and virtual office. In co working office space one can work in communal offices with other businesses. In Serviced office spaces onsite service team manages and supports these offices with receptionist to answer calls and check emails. In shared office space whenever someone starts a new business desks are rented out and conference rooms are shared. In sublet office space a space is taken on lease. In a virtual office there is no physical office space but all facilities are given. Real estate diversification takes place with regular rental income by investing in office spaces. Office space in Bangalore increase by twenty five percent from first quarter of 2017 with an area of eleven million square feet of space as per the recent reports.
Among all the metropolitan cities in India requirement of Office space in Bangalore is highest and therefore there is an appreciable increase in rent. The choice of office space is mainly based on building a brand name and every business demand needs to be met like locality, best facilities and good ambience. The city offers all the desired amenities there by satisfying the rising demand of the clientele.