IT Companies To Shoot Up The Demand For Flexible Spaces
At the end of 2022, India witnessed leasing of 50 million sq ft, with 14% accounted for by coworking spaces"the highest in any year. The onset of global economic shifts has made flexible lease terms essential for cost control, making flexible workspaces the preferred choice for IT giants and startups alike.
Hybrid Models To Evolve
In 2023, the hybrid model is evolving from a temporary fix to a defined corporate policy. Research indicates that 63% of employers in India are currently utilizing hybrid modes, with employees typically visiting the office 2-3 days a week to balance collaboration with flexibility.
More Green Properties To Enter The Real Estate Market
The number of green-certified buildings has increased drastically since 2010. Developers are now racing to increase their green portfolios to meet short-term ESG goals and increase the use of renewable energy.
It is estimated that roughly 60 million sq ft of additional green Grade A stock is either pre-certified or in the process of certification across Hyderabad, Pune, and Delhi NCR.
A Boom In Flexible Space Investments By VC Firms
The trend of flexible office rentals has attracted significant interest from venture capitalists. The coworking segment is exhibiting healthy liquidity, enticing greater investment compared to other real estate segments and pushing steady growth in the commercial market.
Commercial Real Estate Extending Quickly As Hybridity Rises
Post-pandemic sustainability concerns have made the hybrid approach a norm. This has pushed companies to downsize traditional holdings in favor of coworking spaces in Hyderabad and other metro cities, allowing coworking players to enlarge their footprint across the country.
Final Thought
As office trends move toward green, flexible, and hybrid environments, traditional office spaces are steadily becoming an obsolete concept for modern enterprises. Coworking spaces are now mainstream, ruling the corporate real estate market by offering cost-efficient services and professional infrastructure. iSprout continues to lead this change in Hyderabad, offering dedicated desks, conference rooms, and private offices backed by an in-house team of business support professionals.
