The corporate real estate sector has shown resilience through the pandemic, evolving workspace strategies and the global macro economic headwinds. 2022 witnessed a huge demand for office spaces globally inspite of hybrid and remote working. The commercial real estate segment is likely to grow substantially in 2023 as well. The main drivers of the absorption of office space are companies from a variety of industries, including IT, manufacturing, BFSI, startups, AI, etc.
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The pandemic has disrupted the dynamics of the workplace globally. Most disruptions prior to Covid-19 concerned the evolution of technologies, the adaptation of emerging innovations, and the replacement of manual labour. In present times, the pandemic has completely challenged the physical construct of a work environment. While some jobs were deemed essential and continued to work in a regularised manner with several restrictions and protocols, most of the workforce was confined to the walls of their homes. Some companies struggled, the majority adapted to the new norm.
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Real estate can be a complex world of it’s own and Indian commercial real estate, even more so! The easy way to navigate through through these complexities is having the right commercial property consultants by your side.
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The rise of co-working office spaces in India has added to more office space options for businesses. However, a lot of companies do find themselves wondering whether a co-working space is the right option for them or a conventional office space. We’re here to guide you through the advantages of each option to help you make a well-informed decision.
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Most industries across all markets have taken a hit due to the recent health pandemic. Real estate too, is no exception. While the low is temporary, it is set to leave lasting implications on the real estate industry.
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As we move back to phased normalcy and businesses prepare to get back to their offices, it’s imperative to keep in mind that we are not over the health pandemic yet. We must strive to find a new normal keeping the implications of the virus and it’s spread in mind.
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The first half of 2019 saw an increase in the PE/VC investments by $23 billion which is 17% higher than the previous year. The main contributors are the infrastructure and the real-estate sectors with 23% higher investments compared to the entire 2018.
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An office space is the essence of your business and its brand value and the success of a business highly depends upon the team working behind it with their comfort, privacy, and workability being a priority.
It’s a well-known fact that good office space increases productivity and improves the workflow of the employees. And a run down, messy, untidy workspace, will not only reduce productivity but also reduces their morale.
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India is becoming a leading destination for various global players in the life sciences real-estate due to huge domestic demand and global competitiveness.
These companies are entering a period of collaborative research and development, demanding greater flexibility and creative space and this needs an effective real- estate strategy.
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