India Flexible Workspace Market, India Flexible Workspace Industry: 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 How is the Flexible Workspace market Positioned in India? Changing business strategies, influx of foreign companies, growing gig economy, increasing number of start-ups and rising real estate cost has lead to the development of flexible workspace industry in India. The growing Gen Z, value their work-life balance more than ever. They want a workspace that can help them maintain this balance. Tech enabled co-working spaces provide them with exactly that, accompanied by flexibility and collaboration. Grade A amenities at affordable prices have attracted SMEs, startups and freelancers alike to occupy flexible offices. The Flexible Workspace industry has been observed at a growth stage. The supply has drastically increased from ~ sq ft in 2016 to ~ sq ft in 2019. This is owing to , India’s thriving economy, its conducive nature towards networking, increase in the number of domestic operators, entry of WeWork, expansion in tier 2 and tier 3 cities, growing millennial population, increase in funding and market consolidation. By Type of Flexible Workspace: The flexible workspace industry has evolved drastically from a pure co-working space to emergence of serviced and hybrid spaces in the last 4 years. Serviced offices accounted the maximum share of ~% of the overall supply in 2019. More and more flexible workspace operators are shifting towards providing customized managed offices to MSME’s and large enterprises. By City: Bangalore contributed majority share in flexible workspace supply in India followed by Delhi NCR, Mumbai, Hyderabad and Pune. The penetration rate of flexible workspaces in the overall office supply is highest in Delhi NCR and Bangalore. Due to high real estate cost the average desk cost was found to be highest in Mumbai. The average center size of flexible workspaces is drastically increasing in tier 1 cities, for instance, Smartworks inked the largest Coworking deal of 0.5 million sq ft in Pune. Operators are expanding in other tier 1 and tier 2 cities such as Chennai, Ahmedabad, Jaipur, Kochi, Indore and Bhubaneswar, Chandigarh and Kolkata. To learn more about this report Download a Free Sample Report How has the Demand Changed in India Flexible Workspace Market? The demand has been growing at a rapid rate. The total occupied flexible workspace has increased from ~ sq ft in 2016 to ~ sq ft in 2019 and the average occupancy rate has increased from ~% in 2016 to ~% in 2019. By End User Type: Enterprises accounted the highest share in the overall demand of flexible workspace in India followed by MSME’s/Start-Ups and Entrepreneurs/Freelancers. The demand is driven by the fact that more and more Corporate & SME’s are now realizing the multiple benefits a shared workspace has to offer in terms of speed, flexibility and plug & play solutions that allows them to focus on their core business without getting into the stress of managing real estate. Large enterprise are opting for serviced spaces to avoid the hassles of long term leasing and managing office spaces, which incurs heavy costs. Supply-Demand Gap Analysis in India Flexible Workspace Market The supply-demand gap was increasing between 2016-2018 as operators such as WeWork, Smartworks, Awfis, 91Springboard and others were on an expansion spree which created a situation of oversupply. The Supply-Demand Gap is expected to reduce as occupancy is expected to increase to around ~% by 2025 and therefore demand is expected to grow at a much faster pace in comparison to supply. The supply-demand gap started reducing from 2019 as post 2019 the operators started to expand in tier 2 and tier 3 cities and their focus for tier 1 city was to increase occupancy by providing customized services and tech enhanced solutions. Competitive Scenario IN India Flexible Workspace Market The market is a fragmented with presence of more than 300 flexible workspace operators. The industry is highly competitive and flexible workspace operators are continually trying to provide unique solutions. The operators are evolving their offering in order to cater to evolving needs. The flexible workspace operators are changing their business model from lease model to joint venture model, management model and franchise model. Operators are also experimenting with the location of co-working centers and are moving towards unconventional locations such as metro stations, malls, cafes and others. What Is The Future Outlook And Projections For India Flexible Workspace Market? The India Flexible Workspace Market has been anticipated to grow with a CAGR of ~% in terms of supply and ~% in terms of demand during 2019-2025F. This is owing to multitude of factors namely 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 and tier 2 cities. With development of IT corridors and increase in number of large scale spaces, the flexible workspace stock is expected to grow at faster pace in Pune and Hyderabad. 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