The rising inflation and decreasing economy of the country have surely put on a burden on everyone’s financial conditions. At this time, it has become extremely difficult to purchase a shop, especially for small businessmen. However, you would be needing a place to carry out your business and earn a living. In these circumstances, looking for shops for rent would be the most suitable choice to make.
Go over this article to find out more about shops for rent in different cities of Pakistan.
Shop for Rent in Karachi
Karachi is one of the biggest cities in Pakistan. With such a massive population, this city conducts a large number of businesses at different scales. Being so overpopulated, finding a good quality shop to purchase at a lower price in Karachi is almost next to impossible. The property rates have been reaching the sky and hence, it is very difficult for the common man to become an owner of a shop. Additionally, shops of very small sizes are also very expensive to purchase let alone the shops that measure a large number of square feet area.
More and more people are now interested in getting a shop for rent in Karachi. People find looking for a shop for rent more economical and less strenuous on the pockets. After renting the place, the tenants can immediately use the shop for conducting their work or business. The majority of the people make and sign a rental agreement beforehand to prevent any confusion or problems later in the deal. This provides safety to both the landlords as well as to tenants who can safely run their businesses in their newly rented shops. Renting a shop also eliminates the burden to take making a large investment, taking out a huge loan, and eventually paying it off along with its interest.
The prices for rent of shops in Karachi vary from area to area. The more posh localities or those areas which have a highly populated business market already set up have shops that are quite expensive. Rent may start from Rs. 60,000 for a 200 square feet shop to around Rs. 150000 per month for a 500 square feet shop. Getting even a small shop on rent in such an area might cost you a large amount of money. On the other hand, you may find shops with larger square feet in areas in places that are generally considered cheaper in Karachi.
Shop for Rent in Lahore
The heritage city of Pakistan, Lahore, is also home to many brands and businesses. You may find a lot of traditional businesses operating in the busy streets of Lahore. This city holds different monumental architectures, promoting tourism. Hence, many people prefer getting shops near these places to showcase their work and brands to the public.
You may find shops for rent in Lahore that have a big square foot area to offer. This is best for people who have very large businesses and need a lot of working space available. The rental price for the shops not only depends on how large the property is. But it also depends on the location of the shop. If it is present in the middle of the city with a lot of traffic and good infrastructure, the rates would be high. You may get a shop for rent in Lahore anywhere from Rs. 50,000 to Rs. 500,000 per month. Some shops that are exclusively for commercial purposes might even go as high as Rs.15,00,000 per month for a square feet area of 5000.
As far as the smaller shops are concerned, you may find a good bargain depending on the surrounding infrastructure and the location of that shop.
Shop for Rent in Islamabad
The capital city, Islamabad, is known for its beauty and clean environment. Simultaneously, it features many large companies and multi-national businesses as well. The high-quality infrastructure of this city makes the property value quite expensive. Hence, only a few people can afford to purchase their commercial property. The rest of the population mostly goes towards finding a good shop for rent in Islamabad.
A shop that is present in the heart of the city would cost anywhere between Rs. 55,000 to 600,000 per month. Islamabad also has many large shopping malls and shopping centers available where the influx of customers is huge. These malls also have a plethora of different shops of various square feet areas on rent. Such shops are ideal for people who have small businesses selling their products to the public shopping in malls. You might find good deals while renting out shops in such places. However, it is important to keep in mind that the more popular the mall is, the higher the rental prices for the shops would go.
Shop for Rent in Rawalpindi
Rawalpindi is the twin city of the capital city of Pakistan. Apart from the natural beauty and greenery that this city offers, it also features many small and heritage businesses that have been in operation for decades. The internal areas of the city are mostly overcrowded with businesses, residential areas, and traffic. However, these areas are ideal to carry out business due to the large number of potential customers. Many shops present in Rawalpindi are of a small size. They may cost anywhere from Rs. 30,000 to Rs. 500,000 per month, depending on their infrastructure and location.
However, you may find larger shops towards the outskirts of the city with ample area available. These shops for rent in Rawalpindi would relatively cost you a lesser amount and finding a good bargain would be much easier compared to the shops located in the heart of the city. Such locations are great for people who need some space to work remotely or those who do not require direct customer attraction.
Final Thoughts
Struggling to purchase a shop even before having ample earnings from the business might be a futile effort. Considering a large number of expenses, it is best to go for a shop for rent at your desired budget and establish your business first. This would allow you to focus more on your work and help you build a brand rather than worrying about making a huge purchase or taking a loan from the bank, etc.