The trick to maximizing your team&rsquo;s productivity is to create a workspace that&rsquo;s flexible, so it can be altered according to the ever-changing needs of the company and its team members. - Neil Blumenthal&nbsp;

The work environment is changing and to keep up the same, pure-play managed operators are adapting to provide an ideal balance between agility and flexibility. Today&rsquo;s workspaces require a perfect blend of modern elements that allow the occupiers to operate in a hassle-free and collaborative environment. Evolving from the concept of traditional and co-working spaces, the flex space market in India has produced exceptional results in recent times for both operators and occupiers.&nbsp;&nbsp;

India&rsquo;s CRE segment has witnessed two different patterns. First, the pre-Covid era was characterised by coworking arrangements. Whereas the post-Covid period brought a drastic transformation with flexible work arrangements for enterprises. Pure-play managed operators with 360-degree bespoke space solutions have been the key drivers of flex resurgence growing at a CAGR of 70% since 2018.&nbsp;

Gone are the days when workspaces were all about tables and chairs. Moving further, we will discuss how flex space solutions are addressing the varied needs of occupants and gaining long-lasting momentum.&nbsp;

You can read also about <a href="https://www.smartworksoffice.com/blog/corporates-are-aiming-to-enhance-the-utilisation-flex-office-space/" rel="noreferrer noopener" target="_blank">The Unprecedented Rise of Flexible Workspaces</a>&nbsp;

&nbsp;

<h2>The Ascendancy of Flexible Workspaces in India</h2>

 
Recently, <a href="https://www.smartworksoffice.com/report-insights/" rel="noreferrer noopener" target="_blank">JLL published a detailed co-branded report with Smartworks</a> indicating the unprecedented rise of flex and managed workspaces in India. India&rsquo;s flex space market is now an integral part of the CRE landscape, playing an imperative role in occupiers&rsquo; portfolio strategies. This alignment is evident to demonstrate the remarkable growth of the flex space segment, resulting in a surge of almost 400% since 2018 with a total operational footprint of 53.0 million square feet in FY 2023.&nbsp;

The rise of flexible spaces in 2023 can be cognizant of the key highlights from this report.&nbsp;

<ol role="list" start="1">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="3" role="listitem">
	Pure-Play Managed Operators Leading Flex Space Expansion.
	</li>
</ol>

<ol role="list" start="2">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="2" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="3" role="listitem">
	Rapid Adoption of Flex &amp; Managed Spaces by Indian Occupiers.&nbsp;
	</li>
</ol>

<ol role="list" start="3">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="3" role="listitem">
	IT Sector Continues to Dominate the Flex Space Leasing.&nbsp;
	</li>
</ol>

<ol role="list" start="4">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="4" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="3" role="listitem">
	Elevating Office Experience via Technology.&nbsp;&nbsp;
	</li>
</ol>

<ol role="list" start="5">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="5" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="3" role="listitem">
	Rise of Tier-2 Cities for Flex Workspaces.&nbsp; 
	&nbsp;
	</li>
</ol>

<h3 style="font-size:1.5em; text-align: left;">1. Pure-Play Managed Operators Leading Flex Space Expansion:</h3>

The rise of managed and flex operators has plugged in the great sense of awareness among startups, MSMEs, and large corporates regarding the evolving workplace dynamics. Flex and managed workspaces are being utilized across the entire commercial real estate segment for a much-needed headroom and strategic process for vigorous resource planning. The steady growth of flex is expected to double in the next five years, resulting in almost 106 million square feet of total operational flex stock. &nbsp; 
&nbsp; 
The adoption of the growing flex space sector finds concurrence in the conducted survey which is a part of this report. Almost 63% of respondents have plans to keep their conventional spaces but are also willing to add more flexible workspaces to their overall portfolio. &nbsp;

&nbsp;

<h3 style="font-size:1.5em; text-align: left;">2. Rapid Adoption of Flex &amp; Managed Spaces by Indian Occupiers:</h3>

Be it politics, investments, sports, or business, we Indians have a tendency to maximise every opportunity and fetch the best out of it. The scenario is consistent in this context as well. Managed space operators have witnessed a 10x growth compared to 2018, with almost 15 million square feet of area under management till March 2023. On the other hand, coworking players have experienced a downfall as businesses have shown more interest in leasing dedicated spaces to implement and optimise their unique strategies.&nbsp;

&nbsp;

<h3 style="font-size:1.5em; text-align: left;">3. IT Sector Continues to Dominate the Flex Space Leasing:</h3>

Since the emergence of flex and managed spaces, Information Technology has been one of the most prominent sectors. The IT sector is still dominating the flex space segment, but with increased awareness, different sectors are also adopting these workspaces to a greater extent. Sectors like engineering &amp; manufacturing, BFSI, logistics, consulting, and others are adding more flexibility to their portfolio by leasing workspaces across regions.&nbsp;

&nbsp;

<h3 style="font-size:1.5em; text-align: left;">4. Elevating Office Experience via Technology:</h3>

The conventional ways to satisfy and retain employees are no longer effective in this dynamic landscape. Today&#39;s workforce has exposure to what offices in the West look like, and they are eager to work in such collaborative and modern spaces. Companies with higher growth paths tend to value their employees by providing an ideal working environment. As a result, many large, medium, and growing enterprises are leasing tech-enabled workspaces because their workforce gets exposure to top-notch amenities. On top of that, they have the power to choose design, layout, and other facilities that directly link to their business model and values.&nbsp;

&nbsp;

<h3 style="font-size:1.5em; text-align: left;">5. Rise of Tier-2 Cities for Flex Workspaces:</h3>

If we talk about Tier-1 cities, Bangalore has dominated the race with a 39% share since 2018 in terms of operational flex stock. Delhi-NCR remains the second largest region with a share of 17%. On the other hand, Mumbai has been replaced by Hyderabad, Chennai, and Pune for highest flex stock. Despite the intense competition, Tier-1 cities remain a prime choice for businesses to lease flex spaces in 2023. Here a brief analysis about <a href="https://www.smartworksoffice.com/blog/the-soaring-demand-for-flex-spaces-in-engineering-manufacturing-sectors/" rel="noreferrer noopener" target="_blank">rise of flex space demand for Engineering &amp; Manufacturing Sectors</a>&nbsp;

&nbsp;&nbsp; 
But wait, the rise of flex in Tier-2 cities is something to look out for. Another survey pointed out that almost 26% of respondents with their current operations limited to Tier-1 cities are planning to explore these smaller cities. They believe that Tier-2 are more cost-efficient as compared to the large metropolis. There&rsquo;s a firm belief among entrepreneurs that to strategize their medium to long-term expansion plans, these cities will play a pivotal role in the coming years.&nbsp;

As compared to shorter lease tenures of 1-2 years, occupiers are now putting full faith with longer commitments of 4-5 years. With the help of advanced technology and evolving workplace concepts, flex workspaces will remain a core strategy for occupiers to adopt a decentralised workspace model. Amidst these speculations and extraordinary numbers, there is a clear consensus that the future of the flex space market in India looks promising.&nbsp;

The trick to maximizing your team&rsquo;s productivity is to create a workspace that&rsquo;s flexible, so it can be altered according to the ever-changing needs of the company and its team members. - Neil Blumenthal&nbsp;

The work environment is changing and to keep up the same, pure-play managed operators are adapting to provide an ideal balance between agility and flexibility. Today&rsquo;s workspaces require a perfect blend of modern elements that allow the occupiers to operate in a hassle-free and collaborative environment. Evolving from the concept of traditional and co-working spaces, the flex space market in India has produced exceptional results in recent times for both operators and occupiers.&nbsp;&nbsp;

India&rsquo;s CRE segment has witnessed two different patterns. First, the pre-Covid era was characterised by coworking arrangements. Whereas the post-Covid period brought a drastic transformation with flexible work arrangements for enterprises. Pure-play managed operators with 360-degree bespoke space solutions have been the key drivers of flex resurgence growing at a CAGR of 70% since 2018.&nbsp;

Gone are the days when workspaces were all about tables and chairs. Moving further, we will discuss how flex space solutions are addressing the varied needs of occupants and gaining long-lasting momentum.&nbsp;

You can read also about The Unprecedented Rise of Flexible Workspaces&nbsp;

&nbsp;

The Ascendancy of Flexible Workspaces in India


Recently, JLL published a detailed co-branded report with Smartworks indicating the unprecedented rise of flex and managed workspaces in India. India&rsquo;s flex space market is now an integral part of the CRE landscape, playing an imperative role in occupiers&rsquo; portfolio strategies. This alignment is evident to demonstrate the remarkable growth of the flex space segment, resulting in a surge of almost 400% since 2018 with a total operational footprint of 53.0 million square feet in FY 2023.&nbsp;

The rise of flexible spaces in 2023 can be cognizant of the key highlights from this report.&nbsp;


	
	Pure-Play Managed Operators Leading Flex Space Expansion.
	



	
	Rapid Adoption of Flex &amp; Managed Spaces by Indian Occupiers.&nbsp;
	



	
	IT Sector Continues to Dominate the Flex Space Leasing.&nbsp;
	



	
	Elevating Office Experience via Technology.&nbsp;&nbsp;
	



	
	Rise of Tier-2 Cities for Flex Workspaces.&nbsp;
	&nbsp;
	


1. Pure-Play Managed Operators Leading Flex Space Expansion:

The rise of managed and flex operators has plugged in the great sense of awareness among startups, MSMEs, and large corporates regarding the evolving workplace dynamics. Flex and managed workspaces are being utilized across the entire commercial real estate segment for a much-needed headroom and strategic process for vigorous resource planning. The steady growth of flex is expected to double in the next five years, resulting in almost 106 million square feet of total operational flex stock. &nbsp;
&nbsp;
The adoption of the growing flex space sector finds concurrence in the conducted survey which is a part of this report. Almost 63% of respondents have plans to keep their conventional spaces but are also willing to add more flexible workspaces to their overall portfolio. &nbsp;

&nbsp;

2. Rapid Adoption of Flex &amp; Managed Spaces by Indian Occupiers:

Be it politics, investments, sports, or business, we Indians have a tendency to maximise every opportunity and fetch the best out of it. The scenario is consistent in this context as well. Managed space operators have witnessed a 10x growth compared to 2018, with almost 15 million square feet of area under management till March 2023. On the other hand, coworking players have experienced a downfall as businesses have shown more interest in leasing dedicated spaces to implement and optimise their unique strategies.&nbsp;

&nbsp;

3. IT Sector Continues to Dominate the Flex Space Leasing:

Since the emergence of flex and managed spaces, Information Technology has been one of the most prominent sectors. The IT sector is still dominating the flex space segment, but with increased awareness, different sectors are also adopting these workspaces to a greater extent. Sectors like engineering &amp; manufacturing, BFSI, logistics, consulting, and others are adding more flexibility to their portfolio by leasing workspaces across regions.&nbsp;

&nbsp;

4. Elevating Office Experience via Technology:

The conventional ways to satisfy and retain employees are no longer effective in this dynamic landscape. Today&#39;s workforce has exposure to what offices in the West look like, and they are eager to work in such collaborative and modern spaces. Companies with higher growth paths tend to value their employees by providing an ideal working environment. As a result, many large, medium, and growing enterprises are leasing tech-enabled workspaces because their workforce gets exposure to top-notch amenities. On top of that, they have the power to choose design, layout, and other facilities that directly link to their business model and values.&nbsp;

&nbsp;

5. Rise of Tier-2 Cities for Flex Workspaces:

If we talk about Tier-1 cities, Bangalore has dominated the race with a 39% share since 2018 in terms of operational flex stock. Delhi-NCR remains the second largest region with a share of 17%. On the other hand, Mumbai has been replaced by Hyderabad, Chennai, and Pune for highest flex stock. Despite the intense competition, Tier-1 cities remain a prime choice for businesses to lease flex spaces in 2023. Here a brief analysis about rise of flex space demand for Engineering &amp; Manufacturing Sectors&nbsp;

&nbsp;&nbsp;
But wait, the rise of flex in Tier-2 cities is something to look out for. Another survey pointed out that almost 26% of respondents with their current operations limited to Tier-1 cities are planning to explore these smaller cities. They believe that Tier-2 are more cost-efficient as compared to the large metropolis. There&rsquo;s a firm belief among entrepreneurs that to strategize their medium to long-term expansion plans, these cities will play a pivotal role in the coming years.&nbsp;

As compared to shorter lease tenures of 1-2 years, occupiers are now putting full faith with longer commitments of 4-5 years. With the help of advanced technology and evolving workplace concepts, flex workspaces will remain a core strategy for occupiers to adopt a decentralised workspace model. Amidst these speculations and extraordinary numbers, there is a clear consensus that the future of the flex space market in India looks promising.&nbsp;


Explore the dynamic Indian Flex Space Market in FY23:, industry, demand and analysis of workspace revolution.

Indian flex space market: FY2023 Analysis | Flex Space Market Trends

A Brief Analysis of the Indian Flex Space Market in FY23 

The seeds of cultivation are in every culture, but it is city life that brings them to fruition &ndash; Susanne Katherina Langer&nbsp;

Pune is a thriving metropolis which is located in the western state of Maharashtra. The city boasts a unique blend of culture and modernity, making it an attractive destination for businesses of all sizes. Often referred to as the &ldquo;Oxford of the East&rdquo;, Pune has gradually become an ideal location for large, medium, and even growing corporations. Its commercial real estate market has witnessed a massive surge in the last five years which has also elevated the demand for flexible office space in Pune. A recent report from Colliers revealed that Pune has the highest growth in the flex space segment in India. Baner-Balewadi and CBD are the hotspots of the city as they hold almost 75% of Pune&rsquo;s total flex stock.&nbsp;

This increased demand for managed office space in Pune is the result of proximity to residential catchments, availability of skilled professionals, and presence of premium corporate arenas. Over the next three years, Pune&rsquo;s flex space stock is expected to cross 8 million sq ft with 10% of total office space.&nbsp;

<h2 paraeid="{f0429197-9053-4cc0-83ff-17f95efa4202}{90}" paraid="1049815122">Pune&rsquo;s Flex Space Landscape: Embracing Sectoral Diversity&nbsp;&nbsp;</h2>

While Pune has gained recognition for its support of IT-based companies, it has progressively embraced a broader spectrum of business domains. With 43%, the technology sector remains the top occupier of flex spaces. At the same time, engineering and manufacturing constitute 27%, logistics 7%, consulting 5%, and other sectors 18%, all contributing to the evolving landscape of flexible workspaces in Pune.&nbsp;&nbsp;

The city&rsquo;s real estate market is adapting to accommodate the varied demands of these expanding sectors. In line with this diversification trend, Pune is expected to witness this transformation in its commercial landscape.&nbsp;&nbsp;&nbsp;

As we proceed, we will discuss the prominent elements that make Pune a preferable destination for flex and managed workspaces.&nbsp;

<h3 paraeid="{f0429197-9053-4cc0-83ff-17f95efa4202}{172}" paraid="1161003942">4 Pillars that Constitute a Favorable Ecosystem for Flex Spaces in Pune&nbsp;</h3>

The robust economic growth and diversification of industries, including information technology, engineering &amp; manufacturing, logistics, and others are escalating the demand for flex &amp; managed office space in Pune. The credit for a 4X rise in average transactions since 2018 goes to the city&#39;s affordable, stable, and reliable ecosystem for entrepreneurs. As of Q2 2023, Pune has the highest flex space penetration in Pan India at 8.3% followed by Bangalore at 7.3%.&nbsp;

Coming back to the focal point, let&#39;s discuss the major factors that attract businesses to lease flexible office space in Pune.&nbsp;

<ol role="list" start="1">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="10" role="listitem">
	One of the largest IT hubs in India&nbsp;
	</li>
</ol>

<ol role="list" start="2">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="2" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="10" role="listitem">
	Ranked among the top 100 startup regions in the world&nbsp;
	</li>
</ol>

<ol role="list" start="3">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="10" role="listitem">
	An affordable city for living &amp; business&nbsp;
	</li>
</ol>

<ol role="list" start="4">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="4" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="10" role="listitem">
	Agility in flex &ndash; a major advantage over traditional workspaces&nbsp;
	</li>
</ol>

&nbsp;

<ol role="list" start="1">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="5" role="listitem">
	One of the largest IT hubs in India &nbsp; 
	Alongside Bangalore, Delhi-NCR, and Hyderabad, Pune ranks among the top 5 major IT hubs in India. The city is home to many prominent IT players including Tata Consultancy Services, Wipro, Infosys, Cognizant and more. Currently, Pune is employing about 4 lakh IT professionals, which clearly demonstrates the dominance of the IT sector in the city. &nbsp; 
	&nbsp; 
	Post-pandemic, these advanced concepts have been instrumental in enabling new workspace solutions such as satellite, managed, and hybrid office spaces. The top operators have expanded their portfolio over the last two years allowing businesses to unlock their true potential by moving into these advanced workspaces. &nbsp; 
	&nbsp;
	</li>
</ol>

<ol role="list" start="2">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="2" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="5" role="listitem">
	Ranked among the top 100 startup regions in the world&nbsp; 
	Pune has emerged as a thriving hub for IT as well as new-age ventures from different domains. In recognition of its growing dominance in the startup landscape, Pune has secured the 78th position in the Global Startup Ecosystem Index. This achievement is a testament to the city&rsquo;s supportive infrastructure, prestigious educational hubs, and dynamic business environment. &nbsp; 
	&nbsp; 
	As the startup ecosystem continues to expand, the demand for flexible office space in Pune is expected to rise in the coming years. &nbsp; 
	&nbsp;
	</li>
</ol>

<ol role="list" start="3">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="5" role="listitem">
	An affordable city for living &amp; business&nbsp; 
	Pune also comes in the list of the most affordable cities in India for both residential and commercial purposes. It is an attractive sub-dollar market for corporates with approximately 50% lower average office rentals than Mumbai. With its improving infrastructure and superior quality of living at affordable costs, the city is ranked 2nd in the ease of living index. This peculiar blend of economic advantages, paired with a high quality of life, makes Pune a compelling choice for those seeking a thriving urban environment that doesn&rsquo;t strain the wallet.&nbsp; 
	&nbsp;
	</li>
</ol>

<ol role="list" start="4">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="4" data-font="Calibri" data-leveltext="%1." data-list-defn-props="{&quot;335552541&quot;:0,&quot;335559684&quot;:-1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="5" role="listitem">
	Agility in flex &ndash; a major advantage over traditional workspaces&nbsp; 
	The concept of flex and managed workspace has transformed the entire commercial real estate segment in a very short span of time. Currently, their entire focus revolves around delivering a variety of solutions to occupiers, allowing them to create balanced strategies that suit their workstyle set-ups. Unlike traditional workspaces, factors like cutting-edge amenities, locational convenience, cost control, scalability, ease in customisation and IOT-enabled workspaces are captivating for businesses to lease managed office space in Pune.&nbsp;
	</li>
</ol>

&nbsp;

In conclusion, the rising demand for <a href="https://www.smartworksoffice.com/office-space-in-pune/">managed office spaces in Pune</a> marks a pivotal shift in the city&rsquo;s CRE landscape. Businesses are recognising the benefits of flexibility, scalability, and new-age amenities, and the appeal of flex and managed workspaces continues to soar. Hence, it&rsquo;s clear that this trend in Pune is not merely a passing phase but a strategic move towards the future of work.&nbsp;

The seeds of cultivation are in every culture, but it is city life that brings them to fruition &ndash; Susanne Katherina Langer&nbsp;

Pune is a thriving metropolis which is located in the western state of Maharashtra. The city boasts a unique blend of culture and modernity, making it an attractive destination for businesses of all sizes. Often referred to as the &ldquo;Oxford of the East&rdquo;, Pune has gradually become an ideal location for large, medium, and even growing corporations. Its commercial real estate market has witnessed a massive surge in the last five years which has also elevated the demand for flexible office space in Pune. A recent report from Colliers revealed that Pune has the highest growth in the flex space segment in India. Baner-Balewadi and CBD are the hotspots of the city as they hold almost 75% of Pune&rsquo;s total flex stock.&nbsp;

This increased demand for managed office space in Pune is the result of proximity to residential catchments, availability of skilled professionals, and presence of premium corporate arenas. Over the next three years, Pune&rsquo;s flex space stock is expected to cross 8 million sq ft with 10% of total office space.&nbsp;

Pune&rsquo;s Flex Space Landscape: Embracing Sectoral Diversity&nbsp;&nbsp;

While Pune has gained recognition for its support of IT-based companies, it has progressively embraced a broader spectrum of business domains. With 43%, the technology sector remains the top occupier of flex spaces. At the same time, engineering and manufacturing constitute 27%, logistics 7%, consulting 5%, and other sectors 18%, all contributing to the evolving landscape of flexible workspaces in Pune.&nbsp;&nbsp;

The city&rsquo;s real estate market is adapting to accommodate the varied demands of these expanding sectors. In line with this diversification trend, Pune is expected to witness this transformation in its commercial landscape.&nbsp;&nbsp;&nbsp;

As we proceed, we will discuss the prominent elements that make Pune a preferable destination for flex and managed workspaces.&nbsp;

4 Pillars that Constitute a Favorable Ecosystem for Flex Spaces in Pune&nbsp;

The robust economic growth and diversification of industries, including information technology, engineering &amp; manufacturing, logistics, and others are escalating the demand for flex &amp; managed office space in Pune. The credit for a 4X rise in average transactions since 2018 goes to the city&#39;s affordable, stable, and reliable ecosystem for entrepreneurs. As of Q2 2023, Pune has the highest flex space penetration in Pan India at 8.3% followed by Bangalore at 7.3%.&nbsp;

Coming back to the focal point, let&#39;s discuss the major factors that attract businesses to lease flexible office space in Pune.&nbsp;


	
	One of the largest IT hubs in India&nbsp;
	



	
	Ranked among the top 100 startup regions in the world&nbsp;
	



	
	An affordable city for living &amp; business&nbsp;
	



	
	Agility in flex &ndash; a major advantage over traditional workspaces&nbsp;
	


&nbsp;


	
	One of the largest IT hubs in India &nbsp;
	Alongside Bangalore, Delhi-NCR, and Hyderabad, Pune ranks among the top 5 major IT hubs in India. The city is home to many prominent IT players including Tata Consultancy Services, Wipro, Infosys, Cognizant and more. Currently, Pune is employing about 4 lakh IT professionals, which clearly demonstrates the dominance of the IT sector in the city. &nbsp;
	&nbsp;
	Post-pandemic, these advanced concepts have been instrumental in enabling new workspace solutions such as satellite, managed, and hybrid office spaces. The top operators have expanded their portfolio over the last two years allowing businesses to unlock their true potential by moving into these advanced workspaces. &nbsp;
	&nbsp;
	



	
	Ranked among the top 100 startup regions in the world&nbsp;
	Pune has emerged as a thriving hub for IT as well as new-age ventures from different domains. In recognition of its growing dominance in the startup landscape, Pune has secured the 78th position in the Global Startup Ecosystem Index. This achievement is a testament to the city&rsquo;s supportive infrastructure, prestigious educational hubs, and dynamic business environment. &nbsp;
	&nbsp;
	As the startup ecosystem continues to expand, the demand for flexible office space in Pune is expected to rise in the coming years. &nbsp;
	&nbsp;
	



	
	An affordable city for living &amp; business&nbsp;
	Pune also comes in the list of the most affordable cities in India for both residential and commercial purposes. It is an attractive sub-dollar market for corporates with approximately 50% lower average office rentals than Mumbai. With its improving infrastructure and superior quality of living at affordable costs, the city is ranked 2nd in the ease of living index. This peculiar blend of economic advantages, paired with a high quality of life, makes Pune a compelling choice for those seeking a thriving urban environment that doesn&rsquo;t strain the wallet.&nbsp;
	&nbsp;
	



	
	Agility in flex &ndash; a major advantage over traditional workspaces&nbsp;
	The concept of flex and managed workspace has transformed the entire commercial real estate segment in a very short span of time. Currently, their entire focus revolves around delivering a variety of solutions to occupiers, allowing them to create balanced strategies that suit their workstyle set-ups. Unlike traditional workspaces, factors like cutting-edge amenities, locational convenience, cost control, scalability, ease in customisation and IOT-enabled workspaces are captivating for businesses to lease managed office space in Pune.&nbsp;
	


&nbsp;

In conclusion, the rising demand for managed office spaces in Pune marks a pivotal shift in the city&rsquo;s CRE landscape. Businesses are recognising the benefits of flexibility, scalability, and new-age amenities, and the appeal of flex and managed workspaces continues to soar. Hence, it&rsquo;s clear that this trend in Pune is not merely a passing phase but a strategic move towards the future of work.&nbsp;


Pune's booming flex space sector continues to offer prime expansion opportunities to different business domains. Flexible Office Spaces. Smartworks. 

Breaking Boundaries: Pune’s Unprecedented Flex Space Expansion

I&rsquo;ve got a theory: If you love your workspace, you&rsquo;ll love your work a little more. - Cynthia Rowley

Cynthia Rowley is an American fashion designer who once highlighted the significance of operating in a sound and productive work environment. Her theory fits the present scenario as many large and established corporates are now looking forward to shifting from traditional to flexible workspaces. The demand for fully furnished offices powered by top-notch amenities and services has gained momentum in recent years. Work-from-home fatigue, higher attrition rate, and moonlighting have been some of the most concerning factors that led occupiers to set up RTO (Return to Office) strategies. Since the second half of 2022, many companies have raised concerns about these influential components which is why they&rsquo;re actively looking for flexible workplace solutions.

A report by CBRE pointed out that 56% of respondents are planning to have more than 10% of the total office portfolio as flexible spaces by 2025. This indicates that the demand for flexible and managed workspaces will continue to dominate the office space segment in the longer run. The same report disclosed that at least 47% of corporates are planning to increase the use of flexi spaces in the next year. As the blog progresses, we are going to present facts to demonstrate how quickly the entire office segment has shifted in favour of flexible and managed settings.

<h2 paraeid="{6140b88b-4dc1-4ffe-9bf7-0cca9c48b90b}{181}" paraid="2026546010">The Unprecedented Rise of Flexible Workspaces</h2>

The exponential rise in office leasing activity across different regions in India proves the sheer dominance of managed workspaces. An increase in RTO, hybrid model, and satellite offices have been observed in several sectors and domiciles, leading to a surge in commercial space leasing. Recently, JLL released a detailed co-branded report with Smartworks which highlighted the transformative growth of flex and managed workspaces in India. Below are some of the key elements of that report:&nbsp;

<ul role="list">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	According to the report, 53 million square feet of total operational flex stock is shared among the top seven cities, including Delhi-NCR, Bengaluru, Chennai, Pune, and Hyderabad.&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	Currently, there are a total of 8,39,250 operational flex seats in India.&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	Bengaluru, Hyderabad, and Delhi-NCR have a 68% share in operational flex stock.&nbsp;
	</li>
</ul>

<ul role="list">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	If we compare FY 2021 to FY 2023, there&rsquo;s a remarkable 3.2X growth in enterprise flex leasing.&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	The thriving startup culture in India has shown promising results with an exceptional 10X growth in flex seats leasing recorded between FY 2021 to FY 2023.&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="2" role="listitem">
	Almost 90% of respondents indicate a preference for flex in any form; large corporates are looking forward to utilising more custom flex spaces.&nbsp;&nbsp;&nbsp;
	</li>
</ul>

The rising sway of flexible and managed office spaces demonstrates that the Indian commercial segment is evolving rapidly and will continue to expand in the future. Moving ahead, we will highlight some sectors, cities, and workplace concepts that are further empowering the growth of flex spaces in India.&nbsp;&nbsp;

<ul role="list">
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="1" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="1" role="listitem">
	Engineering &amp; Manufacturing Sectors Witnessed a Three-Fold Rise in Grade-A Gross Absorption&nbsp; 
	The IT sector has long dominated the campaign for flex space leasing operations, not only in Bangalore but in other prominent cities as well. Currently, engineering and manufacturing, BFSI, edtech, fintech, e-commerce, and many other sectors are showing interest in leasing shared office spaces. According to a report by Colliers, <a href="https://www.smartworksoffice.com/blog/the-soaring-demand-for-flex-spaces-in-engineering-manufacturing-sectors/" rel="noreferrer noopener" target="_blank">Engineering &amp; Manufacturing firms have witnessed a three-fold rise in Grade-A gross absorption</a>. &nbsp; 
	&nbsp; 
	The second quarter of 2023 witnessed a significant surge of 21%, compared to 7% in the second quarter of 2022. Apart from Engineering &amp; Manufacturing, Flex Spaces, BFSI, and Healthcare &amp; Pharma are showing the intent to shift from conventional spaces to fully furnished managed offices.&nbsp; 
	&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="2" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="1" role="listitem">
	Battle of the IT Hubs: Hyderabad Beats Bangalore in FY 2023&#39;s for New Office Supply Stakes&nbsp; 
	A renowned property consultant platform&nbsp;revealed that Hyderabad has emerged as a prominent rival for other metropolises. <a href="https://www.smartworksoffice.com/blog/Hyderabad-Outperforms-Bangalore-New-Office-Supply-in-FY23/" rel="noreferrer noopener" target="_blank">Hyderabad surpassed Bangalore with approximately 14.94 million square feet for new office supply in 2023</a>, accounting for a total of 31% share of the total supply among the top 7 cities. On the other hand, the thriving job market in Hyderabad continues to remain strong. With large MNCs and domestic corporates leasing office spaces in the City of Pearls, better work opportunities are sure to come.&nbsp; 
	&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="3" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="1" role="listitem">
	Rise of Tier-2 Cities for Managed and Flexible Workspaces&nbsp; 
	Companies are now looking for shared office spaces in Tier-2 cities with the aim of reducing costs, maintaining proximity, maximising opportunities, minimising attrition rates, and ultimately expanding the business model. Cities like Jaipur, Ahmedabad, Indore, and Coimbatore have emerged as the top hotspots across different industries. Hence, the need for <a href="https://www.smartworksoffice.com/blog/a-guide-to-office-expansion-in-tier-2-cities/" rel="noreferrer noopener" target="_blank">flexible workspaces in Tier-2 cities</a> is increasing day by day as authorities are taking effective measures to enhance the business ecosystem. &nbsp; 
	&nbsp;
	</li>
	<li aria-setsize="-1" data-aria-level="1" data-aria-posinset="4" data-font="Symbol" data-leveltext="?" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;?&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" data-listid="1" role="listitem">
	More Focus on Employee Experience and ESG Compliances for a Better Tomorrow&nbsp; 
	Since the majority of today&rsquo;s workforce belongs to either Millennials or Gen Zs, companies are putting greater efforts to attract and retain the best talents. With concepts like hybrid working, hot desking, and touchless solutions, corporates are elevating the office experience by moving into flexible office spaces. On the other hand, businesses are also <a href="https://www.smartworksoffice.com/blog/esg-employee-experience-the-forefront-corporate-agendas/" rel="noreferrer noopener" target="_blank">considering ESG as another major concern</a>. ESG stands for Environmental, Social, and Governance initiatives that address influential elements and take corrective measures to neutralise the threats. &nbsp; 
	&nbsp; 
	The need to consider and initiate sustainable solutions is now more than ever. Not just the authorities but even the investors, customers, and employees are demanding businesses to take responsibility and enhance their social and environmental footprint.&nbsp;
	</li>
</ul>

The escalating impact of managed and flexible workspaces within the Indian commercial sector serves as a testament to its brisking evolution. This transformation shows no signs of slowing down as agility and innovation have become the core strategies for businesses. As we gaze into the future, it becomes clear that the trajectory of flexible workspaces will continue to rise. Furthermore, innovative workplace concepts and continuous tech enhancements will keep reshaping the office segment.&nbsp;&nbsp;

I&rsquo;ve got a theory: If you love your workspace, you&rsquo;ll love your work a little more. - Cynthia Rowley

Cynthia Rowley is an American fashion designer who once highlighted the significance of operating in a sound and productive work environment. Her theory fits the present scenario as many large and established corporates are now looking forward to shifting from traditional to flexible workspaces. The demand for fully furnished offices powered by top-notch amenities and services has gained momentum in recent years. Work-from-home fatigue, higher attrition rate, and moonlighting have been some of the most concerning factors that led occupiers to set up RTO (Return to Office) strategies. Since the second half of 2022, many companies have raised concerns about these influential components which is why they&rsquo;re actively looking for flexible workplace solutions.

A report by CBRE pointed out that 56% of respondents are planning to have more than 10% of the total office portfolio as flexible spaces by 2025. This indicates that the demand for flexible and managed workspaces will continue to dominate the office space segment in the longer run. The same report disclosed that at least 47% of corporates are planning to increase the use of flexi spaces in the next year. As the blog progresses, we are going to present facts to demonstrate how quickly the entire office segment has shifted in favour of flexible and managed settings.

The Unprecedented Rise of Flexible Workspaces

The exponential rise in office leasing activity across different regions in India proves the sheer dominance of managed workspaces. An increase in RTO, hybrid model, and satellite offices have been observed in several sectors and domiciles, leading to a surge in commercial space leasing. Recently, JLL released a detailed co-branded report with Smartworks which highlighted the transformative growth of flex and managed workspaces in India. Below are some of the key elements of that report:&nbsp;


	
	According to the report, 53 million square feet of total operational flex stock is shared among the top seven cities, including Delhi-NCR, Bengaluru, Chennai, Pune, and Hyderabad.&nbsp;
	
	
	Currently, there are a total of 8,39,250 operational flex seats in India.&nbsp;
	
	
	Bengaluru, Hyderabad, and Delhi-NCR have a 68% share in operational flex stock.&nbsp;
	



	
	If we compare FY 2021 to FY 2023, there&rsquo;s a remarkable 3.2X growth in enterprise flex leasing.&nbsp;
	
	
	The thriving startup culture in India has shown promising results with an exceptional 10X growth in flex seats leasing recorded between FY 2021 to FY 2023.&nbsp;
	
	
	Almost 90% of respondents indicate a preference for flex in any form; large corporates are looking forward to utilising more custom flex spaces.&nbsp;&nbsp;&nbsp;
	


The rising sway of flexible and managed office spaces demonstrates that the Indian commercial segment is evolving rapidly and will continue to expand in the future. Moving ahead, we will highlight some sectors, cities, and workplace concepts that are further empowering the growth of flex spaces in India.&nbsp;&nbsp;


	
	Engineering &amp; Manufacturing Sectors Witnessed a Three-Fold Rise in Grade-A Gross Absorption&nbsp;
	The IT sector has long dominated the campaign for flex space leasing operations, not only in Bangalore but in other prominent cities as well. Currently, engineering and manufacturing, BFSI, edtech, fintech, e-commerce, and many other sectors are showing interest in leasing shared office spaces. According to a report by Colliers, Engineering &amp; Manufacturing firms have witnessed a three-fold rise in Grade-A gross absorption. &nbsp;
	&nbsp;
	The second quarter of 2023 witnessed a significant surge of 21%, compared to 7% in the second quarter of 2022. Apart from Engineering &amp; Manufacturing, Flex Spaces, BFSI, and Healthcare &amp; Pharma are showing the intent to shift from conventional spaces to fully furnished managed offices.&nbsp;
	&nbsp;
	
	
	Battle of the IT Hubs: Hyderabad Beats Bangalore in FY 2023&#39;s for New Office Supply Stakes&nbsp;
	A renowned property consultant platform&nbsp;revealed that Hyderabad has emerged as a prominent rival for other metropolises. Hyderabad surpassed Bangalore with approximately 14.94 million square feet for new office supply in 2023, accounting for a total of 31% share of the total supply among the top 7 cities. On the other hand, the thriving job market in Hyderabad continues to remain strong. With large MNCs and domestic corporates leasing office spaces in the City of Pearls, better work opportunities are sure to come.&nbsp;
	&nbsp;
	
	
	Rise of Tier-2 Cities for Managed and Flexible Workspaces&nbsp;
	Companies are now looking for shared office spaces in Tier-2 cities with the aim of reducing costs, maintaining proximity, maximising opportunities, minimising attrition rates, and ultimately expanding the business model. Cities like Jaipur, Ahmedabad, Indore, and Coimbatore have emerged as the top hotspots across different industries. Hence, the need for flexible workspaces in Tier-2 cities is increasing day by day as authorities are taking effective measures to enhance the business ecosystem. &nbsp;
	&nbsp;
	
	
	More Focus on Employee Experience and ESG Compliances for a Better Tomorrow&nbsp;
	Since the majority of today&rsquo;s workforce belongs to either Millennials or Gen Zs, companies are putting greater efforts to attract and retain the best talents. With concepts like hybrid working, hot desking, and touchless solutions, corporates are elevating the office experience by moving into flexible office spaces. On the other hand, businesses are also considering ESG as another major concern. ESG stands for Environmental, Social, and Governance initiatives that address influential elements and take corrective measures to neutralise the threats. &nbsp;
	&nbsp;
	The need to consider and initiate sustainable solutions is now more than ever. Not just the authorities but even the investors, customers, and employees are demanding businesses to take responsibility and enhance their social and environmental footprint.&nbsp;
	


The escalating impact of managed and flexible workspaces within the Indian commercial sector serves as a testament to its brisking evolution. This transformation shows no signs of slowing down as agility and innovation have become the core strategies for businesses. As we gaze into the future, it becomes clear that the trajectory of flexible workspaces will continue to rise. Furthermore, innovative workplace concepts and continuous tech enhancements will keep reshaping the office segment.&nbsp;&nbsp;


In the ever-evolving landscape of modern work, corporations are increasingly focusing on optimising the utilisation of flexible workspaces.  This trend has gained momentum as organizations recognize the value of adaptable environments that cater to diverse work styles and changing needs.

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