Description: The landscape of flexible workspaces has witnessed a dramatic evolution in recent years, marked by a proliferation of flex operators in every direction. Moving beyond traditional coworking models, a new standard has emerged in the Commercial Real Estate (CRE) sector. This transformation is driven by the adaptability, scalability, and personalized offerings of managed office solutions, which are gaining widespread acceptance across the industry. According to a recent report on India’s Flex Space Market 2023, the operational footprint of managed space operators has expanded tenfold to approximately 15 million sq. ft. by March 2023, compared to 2018. Meanwhile, both coworking and hybrid players have experienced a decline in their respective shares of operational flex stock over the past two years.
Category: Real Estate
Tag: real estate