The coworking and flex space industry in India is all set to triple in size by 2027. Flexo's tech-centric marketplace that brings together all the coworking spaces on one platform is poised for explosive growth in a rapidly expanding market.
(PRUnderground) November 28th, 2022
Flexo’s coworking marketplace makes it fast and easy for global companies and startups to find and book the best suited workspaces for their requirements in India. Ranging from coworking spaces, managed offices, built-to-suit options, ready to occupy spaces that come with flexibility alongside zero capital expenditure, Flexo has it all.
As a one stop stop for flexible workspaces, Flexo offers data-driven insights and market intelligence to help businesses make the right real estate choices. In addition, Flexo possesses tribal knowledge of the micro markets in which it operates and has an unmatched understanding of the flexible and managed workspace landscape.
“India is a rare bright spark in a gloomy world economy. Demand for coworking in India is unprecedented with coworking operators responsible for leasing over 20% of all commercial office space. While the demand for coworking in Tier 1 cities is high, Tier 2 and Tier 3 cities are also experiencing heavy demand due to increased adoption of hybrid workplace models.” said Mr. Kundnani, the Founder and CEO of Flexo.
After a successful pilot with coworking spaces in Mumbai and a growing list of marquee clients and unicorns, Flexo aims to aggressively expand to a pan India level in the next 6 to 12 months starting with coworking spaces in Pune.
Talking about the shift in occupier preferences and the type of inventory that is seeing traction, Mr. Kundnani stated “Depending on the size of the company, ready to occupy, built-to-suit spaces and managed offices are preferred as companies are looking for setups that foster innovation, collaboration and boost productivity. Additionally, successful companies and start-ups recognise that employees are their assets, so they have to keep in mind several factors while choosing an office space.As far as micro-markets are concerned, the business districts of Andheri, Lower Parel, Thane and Navi Mumbai are in good demand. It is hard to find availability at a coworking space in BKC (Bandra Kurla Complex) due to shortage of supply and high demand.”
With the growth of the Indian economy, increasing adoption of coworking spaces and an early mover advantage, this coworking marketplace start-up happens to be at the right place at the right time.
About Flexo Spaces
Flexo is a fast-growing, prop-tech marketplace for coworking and flexible workspaces in India. As a one stop shop for coworking spaces, Flexo makes it fast and easy to find the best workspace at the best prices. Learn more at https://www.flexospaces.com/
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Original Press Release.