The Central Business District of a city refers to the primary area of all commercial activity in a city. In Bangalore, the central business district covers an area of 20 km around Vidhan Soudha. This includes places like MG Road, Commercial Street, UB City, Brigade Road and more. Most businesses prefer having their operations in these districts. Central business districts are the financial hub of a city. Working from such zone provides several benefits to business owners and employees. Some of these benefits include:
Heart of the City
The Central Business District is the heart of a city. It is a hub of activities. Small startups, SMEs and large MNCs operate from these areas. As such, the CBD enjoys easy connectivity and transport options. Small business operations can be conducted with ease in these financial hubs. Multiple connectivity options ensure that your clients and customers can easily meet you for meetings and conferences. This boosts chances of closing sales as you can meet your customers multiple times. These financial hubs also house several well-known restaurants and cafes. This gives you ample options where you can meet your customers as well as prospective employees for interviews. In addition, CBDs have the head offices of most big companies, making it easier for you to find prospective employees.
Reputation
The reputation and goodwill of a company is one of its biggest assets. Most companies take years to build up a good reputation in the market. However, having a small private office in a central business district can fast track this process. CBDs are home to some of the most prestigious business houses. As a result, having an office here automatically grants you a semblance of goodwill. This, in turn, makes it easy to attract more clients and close more sales as customers have more faith in a company that enjoys a good reputation in the market. It is also easier to find employees as prospective employees feel privileged to work in the financial hub.
Infrastructure
As we have mentioned previously, the Central Business Districts house the head offices of some of the biggest companies in the world. As a result, these areas have world-class infrastructure. Skyscrapers abound in these hubs. Offices in central districts enjoy the myriad benefits of state of the art facilities. The amenities are incomparable. Having a solid infrastructure makes it a delight for employees to work here. In addition, modern amenities also have a favourable impact on the minds of your customers.
Market Trends
Businesses need to stay updated regarding the latest trends in the market as well as the activities of their competitors. Generally, this data is obtained via market research and competitor analysis. However, if you have small business operations in a financial district, all you need to do is step out to gain such insights. CBDs house large organizations and industry veterans. By stepping out and interacting with them, you can obtain valuable data regarding the major trends in their respective industries. In addition, by having your office in a financial hub, you will at the very least have some of your competitors within your near vicinity. This will help you in having an idea about the activities that are being conducted by your competitors.
A small private office in the financial hub of your city can help you grow your business manifold. Central business districts impart benefits to brands not available in any other area. While these hubs might be slightly expensive, the resultant benefits easily make up for the costs. The biggest advantage of the central financial area of a city is that it enables you to work while focusing on your prospective clients and employees. The multiple entertainment spots ensure that you can transform even casual outings with potential business partners into a business meeting.
However, we understand that the high costs of leasing an office space in a CBD may not be affordable for everyone. This is where a coworking space comes in. By working from a coworking space, you can enjoy the benefits of a premium office address at low costs. Shared office spaces have flexible options which you can choose from as per your needs and budget. Rainmakers Workspace, situated at a prime location in MG Road, comes with options like private cabins, dedicated open desks and more. With attractive offers and competitive rates, you can choose the plan that best fits your requirements. Get in touch with us to know more.
