Establishing a quality office in any city is no easy feat, but it may seem even more daunting in a large metropolitan area such as Ulaanbaatar. As the headquarters of a company is a direct reflection of their status, there are a number of considerations to take into account, including location, floor plan, building specifications, the look and feel of the building, security and lighting.
Location, location, location
In Ulaanbaatar, being located near a bus station is a top priority for businesses. Many people commute to work by bus, so being able to get from office to station quickly is important for employee satisfaction and recruiting ability. Anything over a 10-minute walk from the station is often a ‘deal breaker’.
Locations close to industry clusters are also highly sought after. In Ulaanbaatar, financial companies cluster around the Main Squire. The area is also close to most Government offices and Stock Exchange. Meanwhile, Baga Toiruu is attractive for domestic firms because of its direct connections to major residential centers in Ulaanbaatar where many office workers live in order to escape high Ulaanbaatar rents.
Poor business identity
First impressions count. If a building is drab outside and in, it reflects poorly on the companies housed within. A slick, modern building on the other hand will almost certainly attract higher quality tenants. Name recognition helps as well. A satisfying look of recognition on a client’s face when they notice the address can be well worth the premium rent.
For key information on the Mongolian market, please see our Invest in Mongolia section.
To find out your market potential in Mongolia, please get in touch with our expert trade advisers and get your Free Market Assessment.
