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When someone thinks about Mohammadpur, the first thing that comes to his or her mind is well-planned residential space. The next thing that people think of is the rich historical background of the area. However, what most people don’t realise is that Mohammadpur is increasingly becoming a hotspot for a lot of startups in Bangladesh thanks to having some of the best office space for startups. More and more people are choosing Mohammadpur over other parts of Dhaka as their initial base of operations.

Location is always a crucial factor for any business, but more so for startups; choosing the wrong office spot can lead to their downfall. On the other hand, selecting the right place from the very beginning will help a business grow and thrive. To many, Mohammadpur is just the location for this. Let’s take a look at what makes Mohammadpur the prime candidate for startups to set up their first office.

Affordability

Affordable office space for startups
The cost and affordability play primary role in any decision

First, and foremost, startups have very limited capital. They need to make smart decisions that maximise their chances of success. Which is why choosing a location for a startup office that is well within their budget yet close to other economic zones is so vital. Startups usually don’t have the luxury of operating a large office in Gulshan, Banani or Motijheel. Commercial space in these areas usually costs more than startups are able to spend. As such, Mohammadpur presents affordable office space for startups to set up a home base. Commercial space in Mohammadpur, as well as residential spaces, are less expensive than most other areas. The money saved can be invested into other important aspects of the business.

Availability of Office Space

Conversion to commercial space
More owners are converting their residential property to commercial space

For a startup office, you first need to find adequate space to house it. The affordability of an area is irrelevant if you can’t find a proper place for it. Finding office space for startups that is well within budget can be difficult. Even if such property is in the market, it doesn’t stay available for too long. The number of available office spaces is always much lower than that of residential space. So, startups can sometimes be left without a proper launch pad.

Mohammadpur, however, has some of the best office space for startups in Dhaka. Startups can choose the perfect space from a multitude of choices. It’s possible thanks to the owner’s inclination to convert their residential area to commercial space and rent or sell it to businesses. Startups often take up this golden opportunity to establish a foothold for their venture. There are also plenty of pre-designed commercial spaces for those looking for ready made startup commercial space in Dhaka.

Proximity

distance between startup office and suppliers
Having suppliers nearby to a startups office can reduce cost significantly

Another reason why a startup office would be set up in Mohammadpur is for its proximity to many valuable and important locations. Areas such as Mirpur, Dhanmondi, Tejgaon, and even Old Dhaka aren’t very far from Mohammadpur. These areas are possible locations for numerous client meetings and supplier shops. If your business requires regular supply for reselling, proximity to Old Town and Mirpur is a deciding factor in choosing Mohammadpur for office. Not many places in Dhaka can provide the same benefit, and entrepreneurs know that. Along with affordability, the advantageous location of Mohammadpur makes it very popular when looking for office space for startups.

Transportation System

Mohammadpurs amazing transportation system allows seamless traveling between places

Mohammadpur is undoubtedly one of the most accessible areas in Dhaka city, making it great for a startup office. Its residents enjoy a tremendous transportation system that enables them to move to and from any part of Dhaka. Plenty of public transports such as buses and CNG rickshaws are always available. Mohammadpur also has one of the biggest BRTC depots in Dhaka. With roads that allow quick movement to Dhanmondi, Mirpur and Farmgate, commuting between home, office and appointments will never be an issue, no matter the distances.

Resistant to Flooding

year round dry roads for your startup office
Mohammadpur is almost fully resistant to flooding

One of the more major problems tormenting the citizens of Dhaka is flooding. Many streets in Dhaka become submerged with the slightest bit of rain. While most areas in Dhaka have to deal with this persisting issue, Mohammadpur joins a small list of areas resistant to flooding. Even places like Banani are susceptible to flooding. That is a great advantage for any business. A client coming to your office to discuss possible future business and finding part of the entrance underwater may find their spirits dampened; risking the breakdown of talks. Luckily, a startup office in Mohammadpur doesn’t have to worry about that. The meticulous planning and development of the area ensure dry streets all year round.

There is no single reason why so many startups are choosing Mohammadpur for their office, but rather a collection of the perks we have mentioned above. As far as office space for startups in Dhaka goes, Mohammadpur presents the ideal conditions that help them achieve growth and success. And no doubt, some of the biggest names in tomorrow’s business world will have their roots in Mohammadpur.

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