Geographical Expansion, Increasing Deal Size and Evolving Business Model has driven the Flexible Workspace Industry in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “The Flexible Workspace Market in India has been growing at a robust pace with presence of more than 300 Operators, operating a total of more than 900 Co-Working Locations” Expansion in Tier 2 and Tier 3 Cities: Companies are focusing on expanding in cities such as Indore, Bhubaneswar, Calcutta, Chandigarh, Kochi, Lucknow and others. For instance, Incuspaze has centres in Indore, Kochi, Lucknow and Trivandrum, Regus has expanded in Indore, Visakhapatnam, Kolkata, Jaipur and Chandigarh and Awfis has recently launched a centre in Chandigarh and is looking to expand into cities such as Jaipur, Kochi, Indore and Bhubaneswar by 2021, while simultaneously strengthening its position in tier I cities. Increasing Average Deal Size: Flexible workspace operators are taking over medium (centres with size between 20,000 sq ft to 100,000 sq ft) and large sized centres (centres with size >100,000 sq ft) with increasing demand from large enterprises and to control management and operating cost of multiple centres. For instance, Smartworks has leased 0.5 million sq ft in Pune in order to build a flexible workspace which will be operational from 2021 and WeWork’s centre in Mumbai which is known as Chromium is build on 285,000 sq ft of land area. Evolving Business Model: In order to bring profitability and sustainability in business flexible workspace operators are changing their operating model from long term lease model to revenue sharing partnership with landlords and management partnership. For instance, Awfis has introduced Managed Aggregation Model (MAM) and Awfis Enterprise Solution (AES). Under our MA model, it ties up with landlords of underutilized commercial spaces and shares the revenue with landowners. Rising Real Estate Cost: Real estate costs are second highest expenditure of the companies after employee wage. Companies are eager to implement flexible office ICT solutions to utilize their existing workspace more efficiently, rather than increasing real estate space, which is a much larger expenditure. Real estate prices in Delhi CBD, Bangalore CBD and Mumbai CBD have increased by 77.1%, 60.0% and 40.0% respectively in 2019. The report titled “India Flexible Workspace Market Outlook to 2025- By Type (Hybrid Spaces, Serviced Spaces and Co-Working Spaces), By City (Bangalore, Mumbai, Delhi NCR, Pune and Hyderabad) and By End Users (Enterprises, MSME’s/Start-Ups and Entrepreneurs/Freelancers)” by Ken Research (Online Market Research) suggested that the India Flexible Workspace Market has been increasing due to emerging domestic and foreign operators, increasing number of using flexible workspaces, government initiatives to boosts start-ups, development of co-working spaces outside office building, increasing rents of commercial office and expansion in peripheral regions. The market has registered CAGR of 31.4% and 39.4% on the basis of supply and demand respectively during the period 2016-2019. Key Segments Covered:- By Type of Flexible Workspace Serviced Spaces Hybrid Spaces Co-Working Spaces By City Bangalore Delhi NCR Mumbai Pune Hyderabad By End Users Enterprises MSME’s/Start Ups Entrepreneurs/Freelancers Key Target Audience:- Flexible Workspace Operators Office Brokers/Aggregators Commercial Real Estate Companies Venture Capitalist and PE Firms Real Estate Consultant Office Furniture Providers ICT Providers Time Period Captured in the Report:- Historical Period – 2016-2019 Forecast Period – 2019-2025F Companies Covered in the Report:- Flexible Workspace Operators Regus WeWork Awfis Space Solutions IndiQube Smartworks 91Springboard The Executive Centre Innov8 Vatika Business Centre & Co-working Spaces InstaOffice For More Information, refer to below link:- India Flexible Workspace Market Related Reports:- China Flexible Workspace Market Outlook to 2025 Driven by Increasing Investment in Technology and Shift in Focus towards Non Rental Revenue Streams Australia Real Estate Market Outlook to 2023 – By Residential (Apartment & Villas), By Retail (Regional, Sub-Regional, Neighborhood, CBD, Large Format Retail and Others), By Office (Grade A, Grade B and Premium Offices) and By Hotel (3 Star, 4 Star, 5 Star and Other Hotels) UAE Real Estate Market Outlook to 2025 – By Office Real Estate Market (Premium, Grade A and Grade B); By Retail Real Estate Market (Super-Regional Malls, Regional Malls, Community Centers, Neighborhood Center and Convenience Center); By Residential Real Estate Market (Apartment and Villas) and By Hotel Real Estate Market (1-3 Star, 4 Star, 5 Star and Hotel-Apartments) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 91Springboard Flexible Workspace Market Shares, Awfis Space Solutions Flexible Workspace Market Size, Bangalore Commercial Office Space Market, Bangalore Coworking Market, Bangalore Flexible Workspace Market, Bengaluru Flexible Workspace Market, Bengaluru Serviced Office Market, Delhi NCR Coworking Market, Evaluation Study India Flexible Workspace Market, Evaluation Summary Report India Flexible Workspace Market, Evaluative Survey India Flexible Workspace Market, Flexible Workspace Industry In India, Flexible Workspace Market In India, Gurgaon Coworking Market, Gurugram Coworking Market, Hyderabad Coworking Market, Hyderabad Joint Office Market, India Bespoke Office Market, India CoWorking Workspace Market, India Digital Nomads Flexible Workspace Market, India Distributed Company Employee Flexible Workspace Market, India Enterprise Clients Flexible Workspace Market, India Event Organizers Flexible Workspace Market, India Flexible Workspace Industry, India Flexible Workspace Industry Research Report, India Flexible Workspace Market, India Flexible Workspace Market Analysis, India Flexible Workspace Market Competition, India Flexible Workspace Market Evaluation Report, India Flexible Workspace Market Forecast, India Flexible Workspace Market Future Outlook, India Flexible Workspace Market Growth, India Flexible Workspace Market Major Players, India Flexible Workspace Market Research Report, India Flexible Workspace Market Revenue, India Flexible Workspace Market Shares, India Flexible Workspace Market Size, India Flexible Workspace Market Trends, India Freelancers Flexible Workspace Market, India Hybrid Flexible Workspace Market, India Joint Office Market, India Lifestyle CoWorking Spaces Market, India Niche CoWorking Spaces Market, India Nomadic Spaces Market, India Non Profit Organization Flexible Workspace Market, India Partially Remote Workers Flexible Workspace Market, India Serviced Office Market, India Small Teams Flexible Workspace Market, India Startups Flexible Workspace Market, India Traditional CoWorking Space Market, IndiQube Flexible Workspace Market Sales, Industry Research Report Of India Flexible Workspace, Innov8 Flexible Workspace Market Revenue, InstaOffice Flexible Workspace Market Revenue, IWG’s Total Number of Centers in APAC, IWG’s Total Number of Workstations in APAC, Major Coworking Operators in India, Market Research Report Of India Flexible Workspace, Mumbai Coworking Market, Mumbai Joint Office Market, Mumbai Serviced Office Market, Number of Flexible Workspace Centers in India, Number of Lease Signed by WeWork, Pune Bespoke Office Market, Pune Coworking Market, Regus Flexible Workspace Market Revenue, Smartworks Flexible Workspace Market Shares, Social Evaluation Research India Flexible Workspace Market, The Executive Centre Flexible Workspace Market Size, Vatika Business Centre & Co-working Spaces Flexible Workspace Market Sales, WeWork Flexible Workspace Market Shares, Workshaala Flexible Workspace Market Revenue, Write An Evaluation Report On India Flexible Workspace Market