Karachi, the largest city of Pakistan and the capital of the Sindh province, is situated on the Arabian Sea. It is the most cosmopolitan city of Pakistan, and is ethnically and religiously diverse. The two largest seaports, ‘Port Bin Qasim’ and ‘Port of Karachi’ are situated here — making this city ‘a premium industrial and financial center’. Moreover, 95% of foreign trade is also handled at these two ports. The ‘City of Lights’ is also considered to be the economic corridor of the country.
Additionally, 90% of the multinational corporations, operating in Pakistan, have their headquarters in Karachi, contributing 20% to the national GDP. The Karachi Stock Exchange was ranked as the best performing stock market in Asia. The I. I. Chundrigar Road is also known as the ‘Wall Street of Pakistan’, as a considerable percentage of cash flow takes place here. 30% of the manufacturing industry of Pakistan dealing in cement, textile, chemicals, and fertilisers are situated in Karachi.
Why rent an office in Karachi?
Karachi has been the center of all the major business activities for decades. When setting up a business, location is an important factor — as establishing a business requires the existence of similar businesses nearby. If setting up a manufacturing business, it is important to find the most suitable location in the industrial area. K-Town offers a variety of areas for setting up office space along with premium facilities.
Owing to the fact that Karachi has remained the largest urban economy, despite the sociopolitical unrest, makes it more suitable for new businesses to operate in the city. The economic expansion continues and Karachi has been recognised as the best performing metropolitan economy in Pakistan.
What are the most popular areas for renting offices in Karachi?
The most popular areas to set up office spaces in Karachi include DHA Defence, Bahria Town Karachi, Gulshan-e-Iqbal, Shahrah-e-Faisal, II Chundrigar Road, and Clifton.
The DHA Defence offers complete and well-maintained office buildings as well as offices and shops on the ground floor, with residential apartments and flats. Bahria Town is one of the premium and masterfully-planned communities in the city, where you can find an office building on the main avenue. Gulshan-e-Iqbal has a variety of commercial properties available for sale or rent. There are buildings that are designated for offices or commercial usage. If you’re looking for a multi-storey office building, Shahrah-e-Faisal is the best option.
Transportation Facilities in Karachi
Living in a fast-pacing metropolitan city, transportation is one of the important factors that come under consideration. Karachi, despite being an urban city, has no cohesive transportation policy and the official public transit system is somewhat redundant. However, there are private companies that provide exceptional transportation services such as careem, uber, Metro Cabs, Pearl Cab, and Radio Cab.
Facilities and amenities to consider when renting offices in Karachi
Here are some of the basic facilities and amenities that you should consider before renting an office in Karachi.
Rent of offices in Karachi
The rent of offices in Karachi varies according to the area of location, size, and the features or amenities that are offered. The rent for offices in Karachi can range from PKR 6000 to PKR 0.7 Million.