Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
Gurugram has emerged as one of the most sought after cities to rent a coworking space in India. What started as demand from startups and entrepreneurs now includes medium and large corporations.
According to Colliers, 64% of new leases were made in Gurugram. JLL also revealed that spaces in the city had doubled from 2017 to 2018 in Grade A buildings.
“Over the next three years, we expect the flexible workspace market to grow rapidly with the rise in demand from large companies and start-ups alike,” said Sanjay Chatrath, managing director, North, Colliers International India. “We expect occupiers from information technology, business process management, banking, financial services, and investments, as well as the fast-moving consumer goods (FMCG) sector to continue taking up space in flexible workspace centres.”
Gurugram has now seen three vital micro-markets emerge where coworking operators are leasing spaces: Cyber City, Golf Course Road and Udyog Vihar.
According to Prashant Garg, country manager of Garage Society, Cyber City is mostly occupied by large corporations and mature startups that can afford premium workspaces. In Udyog Vihar, operators see more low-cost companies, while Golf Course Road has mostly medium and large businesses.
Operators have said that the ability to scale up or downsize in flexible workspaces is a big reason why firms of all sizes are attracted to them. Flexible offices also allow companies to focus on projects and not worry about the maintenance and high costs of traditional offices, while giving professionals an opportunity to network.
