Why Commercial Office Space in Gurgaon is in High Demand by Corporations

Commercial Office Space in Gurgaon

Are you looking to relocate your office or set up a new business operation? Or, are you trying to shop for commercial offices with low rental tariffs or thinking of moving from a smaller space to a much larger one? If your answer is yes to any of the above questions, Gurgaon is the most preferred destination.

Let us see why commercial office space in Gurgaon is in high demand by both domestic and international corporations.

Gurgaon is an extremely promising real estate hub, with plenty to offer. It is an integral part of Delhi NCR (National Capital Region), and an extremely profitable investment destination for those investing in commercial properties. It has evolved as a corporate hub for scores of domestic and multinational organisations. The approach and access to Gurgaon have been greatly enhanced, thanks to the metro that connects Gurgaon to Noida and New Delhi.

Commercial Space Developers

Commercial office space in Gurgaon has received a shot in the arm thanks to commercial space developers, including DLF, which has emerged as the undisputed leader when it comes to offering commercial office spaces. DLF has a wide array of commercial properties, such as business, IT, and cyber parks. DLF Cybercity is one such glorious and splendid example of a cyber park. Some of the other major developers have also developed commercial spaces and business parks adhering to international standards at diverse locations, the result being wider choices for smaller office spaces.

Global Economic Meltdown and Commercial Property Price Correction

Commercial space in Gurgaon has witnessed a price correction after the global economic meltdown, when the demand for commercial office rentals as well as sales had nearly dried up. Several, major commercial space occupiers felt the need to cut down on costs, through job layoffs and relocation to smaller office spaces offering cheaper rentals. This was the time when the business was quite sluggish. The price correction ushered in a change and eventually created a demand for smaller commercial spaces.

Signs of Improvement but not Complete Recovery

Demands for commercial space in Gurgaon are presently demonstrating significant signs of improvement, especially when small and large corporations have begun to hire professionals, thus creating job opportunities once again. Certain, new commercial spaces have received a warm welcome with their brand-new offerings, the result being that supply of commercial spaces has out-run the demand, creating many vacant spaces. This has opened the commercial property market for investors and occupiers, offering them a wider choice, lower rentals, improved infrastructure, and upscale business addresses.

Lower Rentals

The rental tariffs for commercial spaces have hit rock-bottom, the result being that developers as well as private investors are willing to lease out their properties rather than wait and leave it unoccupied for an extended period. Some of these properties are available as fully-furnished ones. What’s more, these are ready-to-move-in spaces, which have been vacated by medium and large space occupiers. There are plenty of options for commercial spaces at MG Road, Golf Course Road, DLF Cybercity, DLF Cyber Green, Sector 32, Sector 44, South City, IMT Manesar, Sohna Road, Udyog Vihar, and NH-8 to choose from, offering excellent value for the corporation’s money.

Therefore, the commercial spaces in Gurgaon have never been more inviting and welcoming. for more details please log on to http://www.dlfcybercity.com/