Location of a business plays a vital role in any company’s success. An exceptional location can literally translate to access to a great human resource pool, improved bottom line and a phenomenal brand equity. Barring a few virtual companies, be it any kind of business, there is always a reason for where they are located and the reason more often than not makes or breaks a certain business type.
Delhi and NCR area can throw many different options for people looking for office space and can this can be overwhelming for someone looking for office space relocation in Delhi. So how does one go about looking for the right location for their business? Perhaps the single most important factor in determining the right location for a certain business is the “type of business” a law firm would like their office close to city courts, a creative business like advertising firm would be best placed in a location with a lot of community and cultural feel e.g Hauz Khas, Greater Kailash, Def col etc, banks and other financial institutions prefer main CBD area like Connaught place, Nehru place etc, low margin business like call centers like to be in peripheral business locations where big office space parks are available at a throw away price.
Do some research and look at your immediate competition’s office space location and more often than not, you will be able to spot a big factor as to how their location is giving them an edge.
Other than this, one needs to strike a balance between the following peripheral aspects of your day to day business that are related to your employees and business owners.
- Where are your maximum employees living?
- Who are your most important human resource and where do they live?
- Where does the CEO/Business owner live? (Believe it or not, it’s a huge factor in lot of cases)
- Where are your clients located?
- Where are your investors located?
- Where are your suppliers?
- What rent can you afford?
- What kind of amenities are required in the office premise?
- What residential options are available around a certain office space location?
While your “business type” should always be the main guiding factor in determining a great location for your office movement, you should also keep the understated importance of things like employee accessibility, cost of living, client and investor accessibility etc to be able to get the best out of your office relocation in Delhi.
Moving or consolidating your offices in a city like Delhi can be disruptive for employees as well as the business itself. The move needs to be calibrated with thorough approach and an eye for smallest of detail and needs an eye for detail. Over the years we have successfully helped many small, medium and large companies with their office space relocation strategy, feel free to get in touch if you need any help with finding a great location for your office space relocation in Delhi.