Managed Office - Fueling Growth of the Coworking Sector
Flexible Workspaces segment has carved out a niche for itself over the last few years. The term coworking has itself metamorphosed to the use of terms like flexible workspace and managed spaces, indicating how it is now a strategic imperative for occupiers as part of their real estate portfolio planning.
Over the past couple of years, the sector has moved towards an evolution in favour of greater demand for managed office solutions for enterprise clients. This presents opportunities for immense growth in the post-Covid era facilitated by the structural changes in the Indian office market and delivery of quality services by operators.
In this report, we look at the coworking sector’s resurgence in the post-Covid period and highlight key market trends observed over the past few quarters. We also focus on the growing interest in managed office solutions and what has been driving growth over the past couple of years. As the market evolves, growth will be driven by structural changes in the office market and how operators are placed to leverage their strengths and take advantage of emerging opportunities.
Insights • Investment / Capital Markets
Bangalore is expected to absorb the maximum amount of office space in Asia Pacific, as India is expected to contribute to 37% of the total demand in 2022, Badal Yagnik, managing director - tenant representation, Cushman & Wakefield told ET.