Tuesday, August 10, 2021

Office Rent Rates are still increasing Regardless Of vacancy

 Since the Covid19 vaccination has started, the world is witnessing unlock and witness new normalcy. Dubai job market is now expecting a gradual recovery from unemployment and economic slowdown. As a result, the number of jobless people claims to decrease. But the most surprising that extracted from the data released by the Dubai real estate market is that commercial building and office rent are still rising. If you have words with your commercial real estate specialist, he/she will tell you the actual situation in the property market.    

In April, job diagonally office using business economy was more than 6.3% yearly. The slight increase in the economy is a positive sign because last year, April witnessed the economy losing grip due to the pandemic outbreak.


business setup consultant in DMCC

In the meantime, nearly 15% of offices have temporarily shut down, allowing employees to work from home. Additionally, the continued growth in vacant office spaces didn't affect the place for new office spaces that are yet to be started from under construction before the pandemic. Furthermore, the already available office spaces emptiness is partial because some rent agreements have been missing to end. After all, businesses are still inspecting amendments to their workers approach going forward. Intelligent Business Setup Consultants DMCC can help you out to make your commercial space acquiring strategy post-pandemic. 


Commercial real estate developments that were halted because of the epidemic will probably see the light and start pending construction. The upcoming commercial property is likely to develop as a platform for office spaces. Hence it doesn't matter that today businesses haven't started their operation from office, but the rental amount will not see any slowdown.


Another significant reason behind the steady increase in office vacancy is rising co-working space opportunities. The availability of co-working spaces has become more than twice the number of single office spaces researched by several marketing firms. But that has not discouraged new commercial investors from purchasing or leasing office location for their business. Office development will not stop in the Dubai market and will probably catch the pace after the situation gets closer to normalcy. However, guidance is the key to invest smartly during this time and consulting from commercial real estate specialist can give the right direction. Though rents in commercial properties have not decreased significantly, you cannot rule out low rental office spaces. 


Owning or renting a co-working office is similar to saving your money and maintenance headache rolling in your mind. One can consider Dubai Multi Commodities Centre(DMCC) to start the business. . However, you need to know what DMCC is? DMCC( Dubai Multi Commodities Centre) is a government body set up in 2002 to boost commodity commercial activities via Dubai. It is the most picked areas to buy or lease an office to start a business operation because it is considered the world's leading free zone area. Picking a veteran and knowledgeable business setup consultant in DMCC is the key to locate the commercial space for business within a constrained budget.


Is it Right to Make All The Payments In Cash To Buy A House? Maybe not- Here Are the Reasons.

It is a known argument that often emerges in discussion real estate investors: should anyone make all the payments in cash to purchase a hou...