Office space on rent in Laxmi Nagar guide
The closest area to the Central business district in the East Delhi office Market, Laxmi Nagar has ITO-Bahadur Shah Zafar office and Institutional area cluster towards west and Preet Vihar office market towards east as the nearest neighboring office markets.
Most of the supply of office space comes from the office buildings in Laxmi Nagar Community Centre and the low rise, erstwhile residential, high street properties on both sides of Vikas Marg, the main connecting road between east and central Delhi. Being one of the oldest Business Districts of Delhi the age and construction of properties is very old which is evident in the quality and size of inventory available, with average office size being around 500 sqft and average age of buildings being 25yr plus.
The buildings on high street are mostly without any modern facility like lifts, power back-up and 24hr security. The Office buildings in the community center are 10-15 strory tall structures with operational lifts, average maintenance and 24 hour security. The situation of parking is slightly better in comparison to the high street properties owing to the availability of parking’s in an underground parking lot along with the surface parking in and around the Community centre .The neighboring areas to the business cluster being very densely populated one always feels the lack of space for parking specially on the high street areas alongside the Vikas marg. With age comes the shabby look and feel of the dilapidated buildings which becomes even more accentuated because of poor upkeep and cleanliness, making the overall look and feel of the area below average. Laxmi Nagar being a very busy area the situation of security is reasonably good during working hours however caution is advised for anybody working late hours.
Compared to other parts of Delhi the average cost of living is lowest in East Delhi which is the reason it is very easy for companies to find staff at reasonably lower renumeration in these areas. So the area is highly recommended for companies into labor intensive soft industries like domestic BPO’s etc. which require lower skill set reasonable priced quality staff.
Another plus point is the availability of multiple food vendors selling food at very affordable prices along with multiple reasonable shopping options in the nearby markets makes life very convenient for office employees in Laxmi Nagar.
Who is taking office space on rent in Laxmi Nagar
Being a very famous education hub for competive exams coaching centres most of the office inventory on high street has been taken up Education sector players. The office space in Laxmi Nagar Community Centre is majorly taken up by companies selling and marketing financial products, with Insurance companies, Mutual Fund houses, banks, Home loan, gold loan, personal finance companies, NBFC’s along with capital market brokers and Brokerage firms selling above mentioned financial products being the biggest tenants. Some players in education and chemical industry also have taken up areas in the District Centre.
How easy is it commuting to Office in Laxmi Nagar
Excellent metro connectivity through the NIrman Vihar and its namesake Laxmi Nagar metro stations on Blue line route of Delhi metro and a huge network of DTC busses running on a complete web of recently built flyovers along with already existing road network make Laxmi Nagar very easily accessible from all around Delhi and the neighboring areas of Ghaziabad and Noida through all the modes of public transport making commute to office very smooth for employees of companies taking office space on rent in East Delhi.
How affordable is office space in Laxmi Nagar
On one hand is the lack of demand from big corporates and on other hand is the lack of supply of commercial office space, keeping the demand and supply at equilibrium. The lack of demand from corporates is compensated by the corporate retail companies and players in education sector taking offices to market and sell their products to the densely populated areas in the vicinity of Laxmi Nagar.
With average rentals in the range of 50-90/sqft. East Delhi office market could be a great option for companies looking for office close to central Delhi at reasonable rentals.
Average price of a professionally run co-working space is in the range of 6000-9000/seat/month
Coworking Options In Laxmi Nagar
Hustle, Metroplex, Wolve, etribe, cocoweave etc are a few professionally run coworking centers nearby. Most Coworking options here are geared for budget clients, one can easily find things between Rs 4500 – 10000/seat. Cabins would typically range between 14000 – 30000/month.
A few of our listings of office spaces in Laxmi Nagar:
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