Office Occupiers Prioritize Scalability, Flexibility & Wellbeing

Scalability and flexibility apart from employee wellbeing are key priorities for most office occupiers, indicating a strong sense of confidence in shared workspaces even in today’s challenging environment, according to international real estate advisory firm Savills India’s latest report on coworking spaces titled - Flexible Workspaces: Emergence of the New Dawn. In a survey conducted among office occupiers and real estate executives, across three major cities, more than 50% of them said scalability, flexibility and employee wellbeing are some of their biggest focus at the moment. Savills India’s survey indicates that 65% of occupiers prioritised their transaction structuring towards amenities that could enhance employee wellbeing while 57% of occupiers gave importance to flexibility to exit, 51% towards scalability to grow and 12 % proritised reinstatement. The report further delves into four key emerging trends which will shape the flexible space domain in the near future. The below trends are expected to have a long-lasting impact and will determine the success of the segment in the ongoing decade. Naveen Nandwani, MD, Commercial Advisory & Transactions, Savills India and Head of Workthere India said, “We have been witnessing the emergence of new opportunities and trends in the flexible workspaces / co-working sector. The segment has come out offering innovative solutions and products to target all types of occupiers- freelancers, start-ups, SMEs and large domestic and multinational companies across industries.”