How Much Does a Small Office Space Cost to Rent?

A little, dedicated office area outside of your house can completely alter your working situation. In fact, it might make all the difference in terms of your company's overall productivity and expansion. This was the first thing I did when I started my own small business. Additionally, it can greatly improve your work-life balance. But the main question is, however, how much does a small office space cost to rent? I will tell you how much it costs.

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How much does it cost to rent office space?

I live in Bangalore, therefore I can provide you with some specific information about the costs of office space here. Bangalore has traditionally been the destination of choice for major international corporations thanks to its first-rate infrastructure, ease of doing business, and abundance of talent. Marathahalli, Airport Road, Adugodi, Koramangala, and MG Road are a few well-known destinations offering commercial office space alternatives across budget categories if you're also looking to lease office space in the city.

Marathahalli

The quality of the project, the floor plan, and the amenities included in the building all affect the area's average lease rate. At the moment, the monthly rent for a furnished Grade A office space is from Rs 60 to Rs 65 per square foot. The cost of a grade B office space per month ranges from Rs 55 to Rs 60 per square foot.

Airport Road

For Grade A spaces, the average monthly commercial lease fee along the road is between Rs 65 and Rs 70 per square foot, while self-sufficient Grade B offices typically cost between Rs 55 and Rs 60 per square foot.

Adugodi Road

A premium workstation along the belt costs roughly Rs 55–60 per square foot per month for a commercial lease, and Grade B furnished spaces typically rent for between Rs 45 and Rs 50 per square foot per month.

Koramangala

In Koramangala, premium offices rent for between Rs. 70 and Rs. 75 per square foot per month. Category B offices are available to rent for Rs 60–65 per square foot per month.      

MG Road

In MG Road, the rent for a grade A office is between Rs 85 and Rs 90 per square foot per month, while the rent for a grade B office is between Rs 50 and Rs 60 per square foot per month. There aren't many Grade B complexes nearby though.

The infrastructure and the accessibility of high-quality office space in the area are equally as important as the leasing costs when choosing a site. So, if you're seeking for high-quality office space in Bangalore, the places mentioned above might be able to satisfy your needs.

I hope I was able to help you in understanding how much does a small office space cost to rent.