The flexible office sector in India is predicted to attract investment of more than $1bn in 2019-2020, according to a report a report by JLL and FICCI entitled Co-Working: Reshaping Indian Workplaces. Office space leased by co-workspace operators in India’s top seven cities, which has been growing at between five and eight percent in recent years, increased 12% in Q1 this year, and operators are increasingly moving into tier 2 cities. “Companies that have invested heavily in the last few years will be able to take advantage of these trends,” said Mahesh Sharma, managing director for global corporate services at JPL. For large corporates, on the other hand, travel or regular commute convenience is a top priority, and hence prime office location is as important as infrastructure. Investment in the sector is enabling operators to scale up faster both in terms of geographical expansion and technological innovation.
The flexible office sector in India is predicted to attract investment of more than $1bn in 2019-2020, according to a report a report by JLL and FICCI entitled Co-Working: Reshaping Indian Workplaces. Office space leased by co-workspace operators in India’s top seven cities, which has been growing at between five and eight percent in recent years, increased 12% in Q1 this year, and operators are increasingly moving into tier 2 cities. “Companies that have invested heavily in the last few years will be able to take advantage of these trends,” said Mahesh Sharma, managing director for global corporate services at JPL. Investment in the sector is enabling operators to scale up faster both in terms of geographical expansion and technological innovation.