Business & Investment

Currently 50% demand for coworking space from large multinationals: Awfis CEO Amit Ramani

Demand from large multinationals for coworking spaces has been in Delhi over the past 12 months as the demand for flexibility from employees has increased, even though companies are not convinced of the best hybrid work style. Reached 50% of the total pie of Awfis Space Solutions headquartered in. To its founder and CEO, Amit Ramani.

“Before the pandemic, 80% of our business came from small businesses, midsize businesses and start-ups that embraced flexible work to save costs and improve infrastructure. In the last 12 months. A large occupant has taken this in a big way. At a flexible workplace tentative event hosted by CII Maharastra and ANAROCK Property Consultants on Friday, Ramani said:

He said the company sold the number of seats it sold in a year in two months. He added that it was a six-fold jump. Demand is also driven by Tier 2 cities, as leading companies recognize that many of the workforce may move to smaller towns and most of the population may not return. He said he was.

“Demand is completely out of control. If I were in the developer community, I would rush to set up stores in Indore, Jaipur, Ahmedabad, Kochi and Coimbatore. Demand for 5,000 seats from one operator in the city Yes. Like Jaipur, the city has only four compliant office buildings. The mismatch between opportunity and supply and demand has never been so dramatic in any big city. Tier 2 cities are us. It will be the next big story for everyone. “

The CII-ANAROCK report’s Workplaces of the Future, presented at the event, is the preferred method for adopting hybrid work, so revenue from the coworking space market will double at a CAGR of 15% over the next five years. Discovered that it could be a model compared to options such as existing office layout modifications and hub-and-spoke models. Currently, there are 35 million square feet of flexible office space nationwide. Of this, 71% or 25 million square feet are from large operators. Currently, about 37,000 rupees of flexible seats are spread in major Tier 1 and Tier 2 cities in India.

Read again: Google does not want employees to return to the office by January 2022.

Read again: Bullish in both traditional post-covid era offices and flexible spaces: Embassy Group’s Jitendra Virwani

Currently 50% demand for coworking space from large multinationals: Awfis CEO Amit Ramani

https://www.businesstoday.in/latest/corporate/story/50-demand-for-our-co-working-spaces-now-from-large-mncs-awfis-ceo-amit-ramani-314403-2021-12-03?utm_source=rssfeed Currently 50% demand for coworking space from large multinationals: Awfis CEO Amit Ramani

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