Smartworks: Transforming India’s Managed Spaces
The flexible workspace landscape has seen a remarkable shift in recent years, with flex operators emerging across the board. Expanding beyond the traditional co-working concept, a new standard has emerged within the commercial real estate (CRE) industry. This shift can be attributed to the capabilities of managed office solutions, Smartworks providing versatility, scalability, and customization, thus gaining significant traction across the sector. According to a recent report on India's flex space market for 2023, managed space operators have experienced a tenfold growth in their operational footprint, reaching approximately 15 million square feet by March 2023 compared to 2018. Concurrently, both coworking and hybrid players have seen a decline in their respective shares of operational flex stock over the past two years.
By: Smartworks
16-Apr-2024 08:43 pm
User Website : https://www.businessupturn.com/sectors/real-estate/smartworks-transforming-indias-managed-spaces/
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The traditional office setup in India is undergoing a significant transformation. smartworks are moving away from inflexible leases and embracing mana...
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