commercial spaces for rent in seef Archives - IRIS Property Management W.L.L

trends in commercial real estate Bahrain

Apr

Trends in Commercial Real Estate: Insights from Bahrain’s Top Real Estate Company

Posted on April 11, 2024 in Blog

Post the pandemic, commercial real estate continues to evolve and take shape. With return-to-work policies now gaining momentum, the demand for commercial property in Bahrain is picking up pace.

So, what trends can we expect to witness in the real estate market in Bahrain? On one hand, we can see a steady increase in the demand for office spaces and commercial property while on the other hand; there is a measurable decline in the rental rates in Bahrain.

A deeper dive into the trends in real estate this year leads us to the following observations:

Surge in foreign investments in Bahrain

The burgeoning economy in Bahrain is attracting international investors from every quarter of the world. So much so that Bahrain has access to an economy worth US$2 trillion, making it one of the fastest-growing economies in the world.

The favorable geographical location, beneficial Government policies and efficient workforce are just some of the features attracting investors into the country.

This increase in international investments has a direct impact on the country’s infrastructure and consequently a surge in the demand for residential and commercial flats in Bahrain.

Increase in the demand for office spaces

The pandemic period witnessed a steady decline in the demand for commercial or office spaces in the country. The new work-from-home culture gained impetus not only in Bahrain but throughout the world. Commercial Real estate in Bahrain took a heavy blow.

However, post the pandemic period, companies and industries are now resuming operations and demanding physical presence at offices and workplaces.

As a result, the demand for commercial property for rent in Bahrain has seen a progressive increase to the extent that commercial real estate in Bahrain is projected to grow at 2.80% annually, resulting in a market volume of US$23.7bn by 2028.

Iris Property Managers, a top real estate company in Bahrain offers attractive commercial property in Bahrain.

Demand for co-working spacing

Another commercial real estate trend to watch out for in 2024-25 is the demand for high-quality co-working spaces.

Co-working spaces or shared workspaces fit several companies in a single building. These companies share common facilities making it a more feasible and viable option.

Commercial property for rent in Bahrain is picking up pace in this new sector of shared workspaces.

Modern and Inviting commercial constructions

What’s more? The demand for high quality and attractive offices is what’s in trend. Employers and company owners are enticing employees back to offices with more attractive workspaces. Therefore, the demand for more appealing and inviting commercial property in Bahrain is on a skyward course.

Integrated commercial property

Top real estate companies in Bahrain like Iris Property Managers are leaning towards integrated and mixed-use projects. So, what are integrated projects? In simple words, integrated constructions combine residential, retail and commercial spaces in a single project.

The mixed-use property encourages community living, is convenient and of course trending.

Conclusion

On the whole, the period of economic instability is a thing of the past. The commercial real estate industry in Bahrain is looking towards upward growth

Iris Property Managers in Bahrain is a leading real estate company with a solid footing in residential and commercial property in Bahrain.

Whether you are looking for properties for sale or rent in Bahrain, Iris Property Managers is a professional real estate company dedicated to serving customers across the Kingdom.

Our years of experience in real estate have made us one of the top real estate companies in Bahrain.

May

Is a commercial flat for rent in Bahrain good for investment?

Posted on May 29, 2023 in Blog

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Real estate investments are one of the most promising investments on earth. Commercial spaces hold significant value in the real estate market. If you are residing in Bahrain and considering investing, why not explore the potential of investing in one of the upscale commercial spaces to witness your capital grow? To provide insights into this opportunity, we have researched the advantages of investing in a commercial flat for rent in Bahrain.

Decoding commercial real estate investment:

The word ‘commercial’ itself explains the kind of properties that are a part of this category of real estate-hotels, restaurants, entertainment parks, etc. Owing to their huge sizes, the amount invested and return on investment will always be high. However, there can be market risks and the tenant being in a tough spot financially.

The nature of investment and usage of commercial property are a few factors that affect its rental amount. The cost of acquisition, maintenance, and operations is to be borne by the tenant in the case of commercial properties. Besides these, commercial property becomes lucrative when the location and the brands it has been desirable.

Time v/s money:

In every investment, the risk lies between time v/s money. In commercial real estate investments, the duration of the lease is long. Speaking of whether one should or shouldn’t, there are both upsides and downsides to it. The numbers look high for renting a commercial real estate property but only a few people can afford to own such a space. Further, it boils down to a lot of the above-mentioned factors such as location, associated businesses, type of property, connectivity, and of course market conditions.

A downside in the time v/s money equation in commercial real estate investments is the longer duration of vacant properties. The tenants must turn up for the location and condition of the property.

Condition and future plans:

The condition of the property and future plans of an investor can determine the course of investment. For example, whether semi furnished flats for rent in Bahrain are available or unfurnished, will determine the rental yield. The condition of the property and future plan of the investor will attract a particular kind of business.

The advantages of commercial semi furnished flats in Bahrain

Are you a business owner looking for a convenient and flexible space to set up your operations in Bahrain? Consider renting a commercial semi furnished flat! These flats provide an ideal solution for businesses seeking a ready-to-use space with essential amenities. Commercial semi furnished flats in Bahrain come equipped with basic furniture, fixtures, and appliances, allowing you to save time and money on outfitting your office or retail space. With the flexibility to personalize and customize the layout according to your business requirements, renting a commercial semi-furnished flat offers a convenient and cost-effective option for establishing your business presence in Bahrain’s thriving market.

Market conditions:

The market conditions are subject to a gazillion factors. These factors will influence the rental percentage. While a few tenants will be capable while others may not be financially equipped to live up to the fluctuations. However, there are landlords who in order to keep the tenants yielding rental income have different comfortable schemes to hold their tenants.

Overall like any investment, there are pros and cons of investing in commercial real estate too. If any investor is capable of bearing the slight fluctuations of the market and sustaining it, it’s a good option. For example, an investment of 5 to 6cr is likely to yield 15-20 lakhs of annual rental income. So, choose your investment strategy wisely! Please contact Iris Property Management to inquire about investing in commercial flats in Bahrain. Our property agents are happy to assist you at any time.

Apr

Should you look for offices for rent in Bahrain? Let’s do pros and cons

Posted on April 10, 2023 in Blog

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Commercial spaces are growing vertically. People prefer to be in a commercial building than own that customized office in an exotic location. The pandemic has already shifted gears to hybrid working or coworking. So your workforce also might demand work from home rather than an office. In this context, it is wise to look for office spaces for rent in Bahrain. On the contrary, the ownership of any space uplifts your confidence. So having spoken of both, which category should you stick to? And most importantly how do you do it? Here’s more to offices for rent in Seef.

1. Finances: Every business starts with the basics of getting its finances right. A big chunk of your business finance is likely to divert towards office expenses. Installation, brand messaging, marketing board, facilities, etc. add up to huge costs. A rented office, however, can lower these costs owing to multiple players in the commercial space. Think of cutting down costs from the process of a property and interior consultant and getting all those installations done, to simply moving in.

2. Location: Seef district is a business location in Bahrain with multiple offices of MNCs. So unless you have enough wealth to build your customized office at just the epicenter of the business area in Bahrain, it is wise to look for offices for rent in Seef. With numerous offices in the commercial complex, the location is known to be a renowned place. So your business receives attention and reaches numerous people.

3. Amenities: Modern-day offices elevate the employee experience by providing numerous amenities. From a stocked pantry to Wi-Fi, secured parking, communication, etc., the rented office in any commercial space has it all. It is likely to add up to your employee’s productivity. They will feel good and contribute to work satisfactorily. More than these, the services offered by the landlord can be a great place to make friends too.

4. Networking: This factor is crucial to any business. The more you network, the more it is likely to widen your business’s reach and enhance the scope of new business leads pouring in. It is most likely that in a commercial building, while glancing through your business’s name, people will at least register the name. During festivals and corporate events, you can always get or share help with other businesses and build your reputation.

The only con of not owning your office space is the inevitable increase in rental income. Every year the landlord will accommodate the inflation through a rise in the rental amount. This situation can be tricky if your firm isn’t growing at the pace you had worked it out on paper.

However, renting an office space is a good idea for startups and medium-sized businesses. It especially makes much more sense when you are a startup and just starting. In any condition, if you were to look for offices for rent in Bahrain, consultants at Iris Property Management have the best offices to suit your needs.

Sep

Things to Know For Office Rent in Seef

Posted on September 26, 2022 in Blog

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Ensure your workplace supports your team and gives you the space to develop and flourish. Before leasing your first office space, take the following factors into account.

Dedicated office for rent in Seef is always in demand for businesses to function. But many people who run businesses nowadays are quite pleased to do their job from their homes or even from shared office spaces. You could save dollars and time if your company could operate in one of these settings.

If you find that having a separate workplace is really essential for you, then the location of the office space that you rent for the first time should definitely be your top priority. It would help if you first ensured that your teammates could easily commute to the office. Alternatively, if you do not yet have a staff, pick a location close enough to a talent hub.

When choosing a site, it is important to keep your clients in mind as well. Are freeways or other public transportation conveniently accessible from the office complex you’re considering? Will they have no trouble finding it?

The amenities nearby can also affect where you locate your first office. Your staff will likely like working in a location that is at least proximate to eateries and coffee houses. Additionally, you’ll want all those locations close by if you frequently need to contact them for work, such as banks or meeting rooms.

For a novice, the office space search process can be daunting. However, if you locate a commercial spaces for rent in Seef or a property agent who is knowledgeable about the surrounding Seef properties in Bahrain, they may make the entire process much more straightforward. To find somebody in your target neighborhood, ask or search a website. Not all offices are as precise as described. Additionally, some could need some renovation before you can move your belongings in. You must ask these questions to know precisely how the place will appear if you decide to lease it. Be sure that you are familiar with the manner of delivery for the available space. Do you need renovations like paint and carpeting, or do you need to add or remove walls and doors? Who will cover the cost of these upgrades?

Conclusion

You should be aware of what can occur if you do have to cancel your contract, just in case. In case anything changes throughout your lease term, be sure that the place has any fees or other consequences. All the process can be simplified by just connecting with the Iris Property Management Team, who’ll take care of your office space requirements.

May

Elements that make an office a perfect space to work: Check these offices for rent in Seef

Posted on May 11, 2022 in Blog

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An office is a space where ideas are given shape for some productivity. Such a space needs to have positive energy and several other elements, which can aid in better productivity of employees. An office is not just a room filled with desks and chairs but a space filled with good vibes, energy and ideas. We here at Iris have perfect offices for rent in Seef, Bahrain. However, before turning a space into an office, here are some points to keep in mind.

Availability of both open and private space

An office needs to be spacious where people can move easily and freely. It should have both open and private spaces as they are very necessary for a team to work together as well as for individuals to brainstorm for new ideas. Open space allows people to interact freely and seek motivation from one another while working. It also helps a team to work together. On the other hand, private spaces are necessary for important and confidential discussions. We here at Iris have the most spacious offices for rent in Seef.

Fully equipped with natural light and greenery

Several studies have shown how the productivity of employees is hampered due to insufficient natural light in an office. Natural light not only creates a bright space in an office but also brings in positive energy. Natural sunlight in offices reduces depression among employees and also elevates the feeling of happiness. Natural plants provide the same benefits along with some fresh air. However, amid the increasing air pollution, offices are suggested to also have some air purifiers installed in different corners.

Comfortable seating

While furniture is one of the most important parts of homes, it also plays the most essential role in offices. Offices require comfortable seating for the well being of their employees. An employee tends to work better when seated in a comfortable space and position. Moreover, it also helps in reducing several health issues, such as heart diseases, and bad posture and also aids in the healthy mental well-being of an employee.

A pop of color

While many offices choose subtle tones or just black, white and grey for their interiors, a pop of color could do wonders. Not only does it help in keeping employees happy while working, but it also brings some creativity to the workspace. For those who do not wish to add vibrant colors to their offices can go for pastel shades.

Therefore, a productive office not only requires a positive environment but also these elements in its design. We here at Iris help you in finding an ideal office for rent for your business in Bahrain. The serene landscape around our commercial spaces adds to the beauty of the workspace. For those willing to relocate, we also help in finding flats for rent in Seef area of Bahrain.

IRIS Property Management W.L.L

Tag Archives: commercial spaces for rent in seef

Trends in Commercial Real Estate: Insights from Bahrain’s Top Real Estate Company

Surge in foreign investments in Bahrain