Which Indian cities are emerging as the hub for flex office – spaces?
The Delhi-NCR region has always been a prominent hub for this segment. As India’s IT capital, Bengaluru leads in terms of office absorption and the adoption of flex spaces. Hyderabad and Pune are also fast gaining traction and Tier II cities like Cochin, Trivandrum, Coimbatore, Vizag, Indore and Ahmedabad are emerging as new destinations for flex office spaces. They are becoming increasingly popular for global firms establishing GCCs and startups expanding their footprints.
What are the key factors driving demand for the managed office spaces?
Managed office spaces allow businesses to customize their workspaces to align with their brand identi- ty and operational needs. This appeals particularly to companies aiming to establish a strong corporate presence without the complexities of managing their own offices. Unlike traditional leasing models, a managed office space offers a cost-effective alternative by bundling services such as maintenance, IT infrastructure, and utilities, saving companies upfront capital expenditure and operational costs. By outsourcing workspace management to MOS providers, organizations can focus more on their core activities rather than dealing with office administration and facility management. This is especially beneficial for MNCs and SMEs. Managed office spaces offer flexibility in lease terms and opportunity for easy scal- ability, which are all vital for startups and expanding enterprises.
How is WorkEZ addressing the distinctive needs of the office sector in India?
WorkEZ’s premium workspaces are a one-stop solution that cater to a variety of businesses, from established enterprise to a start-up, offering pre-set private cabins to fully-customized office spaces for enterprises as well as state-of-the-art meeting spaces, fully functional and well-designed collaborative spaces and world-class amenities. WorkEZ’s current portfolio comprises of 12 centres spanning 1 million sq. ft. in overall leasable area across Chennai, Bengaluru, and Coimbatore with a targeted overall portfolio of six million square feet by FY 2028, across Tier 1 and select Tier 2 cities.
WorkEZ adds tangible economic value to tenants by offering turn-key, custom-to-suit office space solutions at zero-capex and an all-inclusive and competitive per-seat monthly rental. For Landlords, WorkEZ serves as a single, at-scale, and self-managed tenant, removing the hassle and related costs of leasing, servicing multiple tenants, and maintaining the asset.
