(Published by Gurgaon Rentals – https://gurgaon-rentals.com)
Gurgaon, now known as Gurugram, is one of India’s most dynamic business hubs. With its proximity to Delhi, world-class infrastructure, and a growing number of multinational corporations (MNCs), the demand for commercial rental properties in Gurgaon has surged. If you’re considering leasing commercial space in Gurgaon, it’s important to understand the current market trends, rates, and the types of businesses that occupy these properties. In this blog, we’ll explore these factors to give you a comprehensive guide on rental commercial properties in Gurgaon.
1. Why Gurgaon is a Commercial Property Hotspot?
Gurgaon is home to several thriving business districts such as Cyber City, Golf Course Road, and Udyog Vihar, which have attracted global corporations, startups, and retail businesses alike. The city’s robust infrastructure, excellent connectivity through the Delhi Metro, and proximity to Indira Gandhi International Airport make it an ideal location for commercial activities.
Gurgaon’s business environment is marked by modern office spaces, IT parks, retail spaces, and industrial properties, catering to a wide variety of sectors. Its commercial properties are well-equipped with essential amenities like 24/7 security, power backup, and high-speed internet, making it attractive to both Indian and international companies.
2. Types of Commercial Properties in Gurgaon
The commercial real estate market in Gurgaon offers a variety of options based on business needs. Here are the primary types of commercial properties available for rent:
Office Spaces
Gurgaon’s office spaces are primarily located in high-demand areas such as Cyber City, Golf Course Extension Road, and Sohna Road. These locations offer Grade A office spaces, ideal for MNCs, IT/ITes firms, financial services, and consulting agencies. Smaller businesses and startups also find coworking spaces and smaller office setups in sectors like Sector 44 and Sector 18.
Retail Spaces
Gurgaon’s retail sector is booming with malls like Ambience Mall, MGF Metropolitan, and high-street shopping areas like Sector 29 and DLF Phase 1 Market. These properties attract tenants from the food and beverage industry, luxury brands, lifestyle stores, and other retail businesses looking for high footfall locations.
Industrial and Warehousing Spaces
Located primarily in areas like Manesar and Udyog Vihar, industrial and warehousing spaces are highly sought after by manufacturers, logistics companies, and large e-commerce businesses. The availability of large-scale properties and good connectivity to national highways makes Gurgaon an industrial hub.
Coworking Spaces
With the rise of startups and freelancing professionals, coworking spaces have become popular in Gurgaon. Providers like WeWork, 91Springboard, and Innov8 offer flexible, all-inclusive office setups that are ideal for small businesses, freelancers, and remote teams.
3. Tentative Rental Rates for Commercial Properties in Gurgaon
Rental rates in Gurgaon vary significantly depending on the location, type of property, and the facilities offered. Below are the approximate rental rates for commercial properties in different areas of Gurgaon:
Office Spaces
- Cyber City: ₹100 to ₹150 per sq. ft.
- Golf Course Road: ₹90 to ₹140 per sq. ft.
- Sohna Road: ₹50 to ₹80 per sq. ft.
- Udyog Vihar: ₹50 to ₹90 per sq. ft.
These prime office locations demand higher rents due to proximity to business hubs, modern amenities, and high demand from MNCs and corporate firms.
Retail Spaces
- MG Road: ₹150 to ₹300 per sq. ft.
- Sector 29: ₹100 to ₹200 per sq. ft.
- DLF Phase 1 Market: ₹120 to ₹250 per sq. ft.
- Ambience Mall: ₹250 to ₹400 per sq. ft.
Retail spaces in Gurgaon can get expensive, especially in high-footfall areas like malls and popular markets, making them ideal for businesses that thrive on direct consumer interaction.
Industrial Spaces
- Udyog Vihar: ₹30 to ₹60 per sq. ft.
- Manesar: ₹20 to ₹50 per sq. ft.
- Sohna Road Industrial Areas: ₹20 to ₹40 per sq. ft.
Industrial and warehousing units typically come with large floor areas and are priced affordably compared to office or retail spaces. These properties cater to businesses requiring large operations spaces for manufacturing and logistics.
Coworking Spaces
- Cyber City: ₹8,000 to ₹15,000 per desk per month
- Golf Course Road: ₹7,000 to ₹12,000 per desk per month
- MG Road: ₹6,000 to ₹10,000 per desk per month
Coworking spaces offer flexibility and are highly sought after by startups and freelancers. With amenities like meeting rooms, high-speed internet, and access to a collaborative work environment, coworking spaces offer excellent value for money.
4. Types of Tenants Occupying Commercial Properties in Gurgaon
Multinational Corporations (MNCs)
Many international firms, especially in sectors like IT, BPO, consulting, and financial services, prefer Grade A office spaces in Gurgaon. Cyber City and Golf Course Road are home to some of the biggest names in tech and business, such as Microsoft, Google, and Accenture.
Startups and Freelancers
Startups, particularly in tech and e-commerce, are prominent in Gurgaon’s coworking spaces and smaller office buildings. Areas like Sector 44, Udyog Vihar, and Sohna Road are popular for their affordability and flexibility in leasing terms.
Retail Brands
Retail spaces in Gurgaon are mainly occupied by high-end luxury brands, popular F&B outlets, and lifestyle stores. Malls like Ambience Mall and shopping districts like Sector 29 attract both international and domestic brands, including H&M, Zara, and Starbucks.
Manufacturing and Logistics Companies
Gurgaon’s industrial areas, particularly Manesar and Udyog Vihar, host a variety of manufacturing units, logistics companies, and warehousing operations. These businesses benefit from Gurgaon’s strategic location and seamless connectivity to national highways.
5. Why Invest in Commercial Rental Properties in Gurgaon?
Gurgaon’s commercial property market offers excellent returns for investors due to the city’s economic growth, demand from global and domestic companies, and its position as a major business hub. Here are some key reasons why investing in rental commercial properties in Gurgaon is a smart move:
- Strong Demand: With MNCs and startups continuously entering Gurgaon, the demand for premium office and retail spaces remains high.
- High Rental Yields: Commercial properties in prime areas like Cyber City and Golf Course Road offer rental yields of 6-10%, making them a lucrative investment.
- Growing Infrastructure: Gurgaon is constantly upgrading its infrastructure, with new metro links, expressways, and world-class facilities that continue to attract businesses and employees alike.
Conclusion
Gurgaon’s commercial property market is diverse, offering a range of options from high-end office spaces to industrial units and retail outlets. Whether you’re a business owner looking for the perfect commercial space or an investor seeking rental income, Gurgaon Rentals is here to help you find the best commercial properties at competitive rates.
Explore our listings at Gurgaon Rentals to find your ideal commercial space today!
