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Real estate rental for office: cost factors

by hotjapanse

Any business, regardless of the scale and direction of activity, must have its own legal address. Most business owners, whether it is manicure business or creating sites, give more preference to renting premises than their purchase. This is usually motivated by the fact that renting a room or apartment is cheaper, even taking into account the long -term business of the business.

Factors affecting the price of a square meter

The cost of a square meter of rented premises is very ambiguous. In different countries and even cities of the same territory, the difference in prices is very significant. There are several factors that affect the cost of renting a square meter within the same city: the city area; proximity to places of transport communication; the need for repair work in the room.

The central areas of any city (the main places of people’s accumulations) suggest a fairly high cost of the rented premises. Sometimes it is twice as a similar real estate located on the outskirts or in areas remote from the center. The closer the room is to bus stops and metro, the higher its cost. This is due to the fact that it is more convenient for potential customers to get to such places. In addition, stops and metro are also places of large accumulation of people. The interior decoration of the room is also worse, the lower its cost, because such objects require additional costs to ennoble them.

Business centers

A decent and inexpensive alternative to rented housing is an investment in the construction of a business center. Typically, the cost per square meter of premises in business centers is 20–25 % lower than buying a room or apartment. In addition, this location of the office will provide a permanent influx of new customers. In this case, there can only be a protracted construction of a business center in this case.

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