<p>In 2023, India witnessed an exceptional rise in the demand for flexible and managed office spaces. Despite global uncertainties and fragile business conditions, India remained in the international spotlight for economic growth and business resilience. IT/ITes, Engineering & manufacturing, and BFSI remained at the forefront, embracing the concept of flexible work setups that provide versatility in lease duration, scalability, and amenities. From high-growth startups to MSMEs and large offshore and domestic enterprises, the appeal of flexible and managed workspaces lies in their ability to adapt to ever-evolving needs without the constraints of long-term leases or hefty infrastructure investments. </p> <p>Driven by multiple factors, the demand for Grade-A offices continues to surge as GCCs and domestic enterprises have shifted from traditional to advanced workspace solutions. According to a report from Colliers, GCCs are estimated to lease 45-50 million square feet of Grade...
Apr 16, 2024 By Steve Smith
