Buying or leasing office space is a much different situation than buying or leasing a home. Over the past couple years, corporate real estatewas doing really well as businesses were booming and filling up their space quickly. However, with the economy now businesses are consolidating and getting rid of space, so things have changed significantly.

For people managing corporate real estate or handling office leasing they are going to be in for much tougher negotiations. Rental rates are at a much lower rate than they were a few years ago and companies may be less inclined to sign a long-term contract.  Companies are doing everything they can to explore cost-cutting measures. Even the simple office supplies that weren’t a big deal to purchase in the past may now need management approval.

This type of leasing climate is especially good for those companies who know they are going to weather this economic downturn just fine. Yes, there are a few out there still making money. These companies can take advantage of the lower rates and the many incentives that are being provided. If they can take advantage of a longer term lease they may end up saving a lot of money. Tenants are looking for the best deal when they look for office space and landlords are really going to the extra mile to lock them in.

Lease negotiations are in the tenant’s court right now. With discounted rent or even free rent for a period of time, this is a good time to be searching for office space. Landlords that are struggling to find tenants may offer a variety of great deals such as paying for the space to be renovated or providing the options for additional build-outs on the property. Further, landlords are offering much more flexibility with the term of the lease. In good markets, landlords might be especially stringent when it comes to lease terms and getting out of a lease early. However, now they are much more willing to talk about ending leases early, which may be a cost savings to tenants paying for unnecessary space. Tenants are also setting leases with shorter renewal options to allow for better positioning when the market does improve. While they may be cutting costs now, most companies are looking forward to a day when they can get back to normal, hire more employees and re-fill up that space they just vacated.

Even though the economy has many wishing for jobs, grumbling about unemployment or afraid for the days to come, it also holds a lot of cost savings measures of which business should take advantage. With the better lease rates, more flexibility in negotiation and the incredible incentives on the table, it is a no brainer for companies to take advantage and save some money. We won’t always be in a recession; companies won’t always be struggling to fill their office space. However, right now, for both landlords and tenants it is a very different market. And, while tomorrow may change things for the better. Today, companies should stop and look at the many ways they can make choices today to improve their financial picture tomorrow, especially when it comes to their office space.

Makaan.com

http://www.makaan.com

Makaan.com – Real Properties. Real Buyers

Makaan.com is an online real-estate service, committed to helping users make wise and profitable decisions related to buying, selling, renting and leasing of properties in India.

The site got its name considering the fact that “Makaan” is the most commonly used word among the Indian real-estate fraternity (property seekers, brokers and builders), and that most Indians refer to their dream house as “Makaan”.

Makaan.com provides users with a superior real-estate experience by making the entire online process of finding property buyers and sellers easier, faster, secure and more accurate. For buyers, Makaan.com offers a large number of property options, while for the sellers; it provides better reach than ever before, ensuring an advanced user experience for both the audiences.

Innovative product offerings like Click Pay, Smart Broker Banner, Smart Builder Banner, Makaan Mobile Application etc., which are of benefit to advertisers as well as individuals.

The site has been designed keeping the usability in mind. Makaan.com has incorporated a number of design elements, which will leave users pleasantly surprised, once they start using the site’s services.

Makaan.com is presently concentrating on the top 13 cities of India, including Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, Chandigarh, Jaipur, Kochi and has 11 branch offices across the country. So, Simply, login to Makaan.com and search for your makaan ends at Makaan.com.

Makaan.com’s promoter is People Interactive; the consumer Internet division of the Anupam Mittal led People Group, which owns Shaadi.com, Shaadipoint centre.com, Shaaditimes.com, Shaadipages.com, Astrolife.com, Mauj.com.