How To Find The Best Commercial Office Space For Rent In Addis Ababa

Choosing the right real estate broker is the first and maybe the most important thing you will have to do if you were to stand any chance of finding the best commercial office space for lease in Addis Ababa.

Suppose you are a potential purchaser or renter for commercial office space in Addis Ababa. In that case, you must exploit the market knowledge and expertise that only a professional realtor can offer. Otherwise, your attempt at securing a suitable office space in Addis Ababa may turn out to be unsafe, tedious and costly. Likewise, with some other colossal business undertaking, neglecting to search for proficient guidance on a space that is past your ability can, without much of a stretch, lead to the helpless dynamic that will put your endeavour in danger and turn your dream into a nightmare.

That is why it is an absolute necessity that you pick the right professional for the work. Here are some critical tips for choosing the best commercial real estate broker in Addis Ababa.

 

Do Your Due Research

Start by doing precisely what you would do when you go on house hunting for properties through real estate agents. This will increase the odds of you choosing the right property broker in Addis Ababa. Make sure that you set the necessary benchmarks and standards that comprise of your needs and objectives to qualify the potential real estate agent.

Know Their Years in Business

Various brokers are moving from residential to commercial fields, intending to make money. Hiring such brokers would be a disaster as they lack the necessary skills and insights. Such brokers do not even understand that commercial real estate is something beyond purchasing and selling properties. On the off chance that your potential broker cannot sort out the net working income or cannot determine the property’s debt service coverage ratio, you are better off searching for another broker.

Considerations to remember to rent the best commercial office space

Picking the right broker is a big step in the right direction. However, there are still many important decisions you need to make after you have selected the ideal broker for the job. The broker will show you various commercial office spaces in Addis Ababa but you are the one who has to make the ultimate decision after weighing the pros and cons of each option. Keeping in mind that picking the perfect commercial office space is a matter of make or break for your business, you would need to use a comprehensive checklist and an objective ranking methodology to identify the most suitable office for lease in Addis Ababa. Below are a few tips that will help you choose the best commercial office for rent in Addis Ababa.

Area

You ought not to go for an office space that is extremely far from your key suppliers and clients, regardless of whether you discover a wonderful space at a modest rate. Location in the far off region will make it hard even for your workers to get to work on time, which can have a negative impact on your business’s productivity. Select a region reasonably close to your financial partners, suppliers, customers and other stakeholders.

Operational expenses

Finding an office space for unbelievably low monthly rent may not necessarily mean that you should be rushed into signing the lease contract. Before you rent an office space in Addis Ababa or anywhere in Ethiopia, make sure that operational expenses are reasonable. It would be best if you investigate security, water, garbage disposal and power costs.

Office Space

Make sure that the office space you are considering to lease in Addis Ababa has all the qualities and features that are critical for the operation of your business. Do not make the common mistake of trying to fit your business’ needs into a ratio of the workshop to office space or a mix of open desks vs private offices that the first holder had set up.

Size

You need to find the right size of office space, which takes into consideration your business’ current need for space and your growth forecast for the long term. If the size is enormous, you will squander your cash on commercial property for lease. Getting a little space would mean that you would need to move to somewhere else before the culmination of the rent period, which will bring about extra expenses.

Infrastructure

Before you lease an office in Addis Ababa, you should check if the building is equipped with superior infrastructure for power, water and internet. You should check if its water reservoirs are big enough; it has its own power transformer; and its internet lines are fiber optic.

Contact Ethiopian Properties to get help in finding the best commercial office space for rent in Addis Ababa. Dial +251 – 911 – 088 – 114 to contact them.

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