Global Expansion: Real Estate Considerations for Growing Companies

As the prospect of growth calls for expansion, start-ups, small businesses, and GCCs (Global Capacity Centres) look for top-notch workspaces. Speaking of numbers, in 2022, GCCs occupied around 26% of India's commercial real estate area, which is projected to grow even further. The revenue expected from office spaces for rent by the year 2023 is $121 bn, driving India's GDP by 3.5%. Dipping into this market, you can capitalise on this potential opportunity. 

Why Commercial Real Estate is the Key to Business Expansion?

Commercial real estate spaces, more than just a place to work, are an ecosystem. They turn out to be a strategic asset that drives business growth. For companies looking to scale up, having a top-notch workspace can enhance operational efficiency, attract talent, and strengthen brand presence. Commercial real estate investments offer long-term value, stability, and the flexibility needed to accommodate growth.

The Opportunity in India's Commercial Real Estate Market

Nowadays, owning a commercial real estate property is more stacked with opportunities to capitalise on than ever. With the growing demand for future-ready office spaces, the market is all set to upscale. However, the question is about how it is going to help your growing business.

Well, below are options that are being popularly adopted by expanding businesses that you can also explore:

1. Lease Options

When it comes to securing office space, leasing remains a popular and beneficial option for growing businesses. Whether short—or long-term, leasing provides stability and predictability, allowing companies to plan with fixed costs. 

In fact, with advanced online tools like an office space calculator, you can easily assess the requirements based on size, location, and amenities. This will thereby streamline the search and help you determine how much space your company needs.

2. Managed Office

Managed offices are an ideal solution for businesses looking for flexibility without compromising on quality. They offer fully furnished and equipped spaces, complete with services like IT support, reception, and maintenance. 

For instance, you have taken an office space for lease in Delhi, and a month before summer, you're worried about the air conditioning. Well, with managed offices, you need not worry about such hassles because the building managers already take care of them. 

3. Co-working

The co-working trend has taken the commercial real estate market by storm, and it's easy to see why. Co-working spaces offer growing businesses and GCCs to work in a collaborative and dynamic environment.

What's advantageous about it is that there's no long-term lease commitment. These spaces are particularly beneficial for teams that require flexibility and the ability to scale up or down quickly. 

4. Design & Build (D&B)

For GCCs and growing businesses with specific requirements, the Design & Build (D&B) approach offers a customised solution. D&B services provide end-to-end support, from initial design concepts to the final build. This approach is ideal for companies that need a bespoke office environment that reflects their brand identity and operational needs. 

5. Biophilic Designs

Biophilic designs are becoming increasingly popular in modern office spaces. Incorporating natural elements like plants, natural light, and open spaces helps reduce stress, increase productivity, and create a more pleasant working environment. Such designs align with the growing focus on employee well-being and sustainability, making them an excellent choice for forward-thinking companies.

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6. Sustainable Office Space

Growing businesses, especially GCCs, increasingly prioritise sustainability. Achieving your environmental and social governance (ESG) goals is another plus point for growing businesses when opting for sustainable office spaces. It includes detailed information on green buildings, energy-efficient technologies, and sustainable practices, enabling companies to choose suitable office spaces.

How is Our Support Offered?

Businesses need to make informed decisions to capitalise on this growth. Access to data-driven insights can help identify prime locations, evaluate market trends, and forecast strategic deals. With over 120 data sets, Altre simplifies your office space hunt with the combined power of a relationship manager and online platform. Here's what you can expect from us:

1. Centralised Platform for Real Estate Decisions

A centralised platform simplifies the process of finding and securing the right office space. With tools that aggregate market data, analyse trends, and compare properties, businesses can make quick, informed decisions. This reduces time spent searching for properties and negotiating deals, allowing companies to focus on their core operations.

2. Focusing on Flexibility and Scalability

Modern businesses require flexibility. A well-chosen office space provides room for growth without the need for frequent relocations. Scalable workspaces allow businesses to adapt to changes in market conditions, workforce size, and operational needs, providing both security and room for growth.

3. Securing Prime Locations for Talent and Growth

Location plays a critical role in business expansion. Prime office locations not only boost a company's visibility but also enhance employee satisfaction by providing easy access to amenities and transportation. This is particularly important for GCCs and start-ups that need to attract and retain top talent to thrive in a competitive market.

Partner with us for Seamless Expansion

Expanding globally is a complex endeavour, but with the right commercial real estate partner, it can be a smooth and successful process. Our platform offers digital commercial real estate services to support GCCs and growing businesses at every stage of their global expansion journey. From leasing options to facility management, we provide the tools, insights, and support necessary to confidently find your next commercial real estate property.

Partner with Altre today and take the first step towards a successful global expansion.