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Office  occupiers prioritise employee well being and flexibility : survey

Scalability and flexibility apart from employee wellbeing are key priorities for most office occupiers, indicating a strong sense of confidence in shared workspaces even in today’s challenging environment, according to international real estate advisory firm Savills India’s latest report on co-working spaces titled - Flexible Workspaces: Emergence of the New Dawn.

In a survey conducted among office occupiers and real estate executives, across three major cities, more than 50% of them said scalability, flexibility and employee wellbeing are some of their biggest focus at the moment. Savills India’s survey indicates that 65% of occupiers prioritised their transaction structuring towards amenities that could enhance employee wellbeing while 57% of occupiers gave importance to flexibility to exit, 51% towards scalability to grow and 12 % proritised reinstatement.

The report further delves into four key emerging trends which will shape the flexible space domain in the near future. The below trends are expected to have a long-lasting impact and will determine the success of the segment in the ongoing decade.

Naveen Nandwani, MD, Commercial Advisory & Transactions, Savills India and head of Workthere India said, “We have been witnessing the emergence of new opportunities and trends in the flexible workspaces / co-working sector. The segment has come out offering innovative solutions and products to target all types of occupiers- freelancers, start-ups, SMEs and large domestic and multinational companies across industries. The emerging trends are likely to establish themselves as a regular feature in the coming few years and form the core of the shared space model of working”.

 The acceptability of “work from anywhere”  model has increased amongst employees and employers alike. Almost 75% of the respondents said that more than 20% of the workforce is expected to work from a non-office location in the near to medium term. However, considering the social benefits of a demarcated office space, co-working spaces offering managed office like work environment have gained tremendous traction.

Organizations now prefer a hub & spoke model which is convenient for employees as well. Coworking spaces are best suited to play the balancing act between ‘home’ and ‘office’, championing the aforementioned model, according to the report.