But in the recent times, with much start up emerging and also the instability of the economy, companies are looking into renting these manufacturing spaces in Delhi, Pune, Chennai etc. The reason for this option becoming popular is the fact it is very beneficial to the owners on a short term and long term basis. By renting they don’t really have to give the revenue tax and other maintenance costs that would come with purchasing a space. Also, just in case, the business fails to take off, then one wouldn’t have to keep up with the industrial space or look for a buyer for it, and can just end the agreement.
Industrial space is usually property that includes warehouses, light manufacturing buildings and factory- office multi- use buildings. When renting such a space one would need to have a commercial lease agreement with the owner. This contract would allow the business owner to use the manufacturing space to operate it without interference from government. But the act of leasing a commercial space is a bit more complex than say renting out an apartment or flat.
That is why; in this case one can take the help of professionals when trying to find a manufacturing space for lease. They will help one with the legalities and other complex paperwork and also help in finding available industrial space for rent.