Hyderabad: With most Indian migrant workers return to their home countries during a pandemic, small cities see new realty waves: a shared workspace.
Hotspot Currently: Coimbatore, Indore, Nagpur, Vadodara, Letter, Thiruvananthapuram, among others.
Collectively, these cities have at least 5 to 6 lakh square feet (SFT) workspace together in pipes, with several companies creating small offices for the convenience of their staff.
According to rough estimates, around 30% to 40% of professionals working in Metros – especially Hyderabad and Bengaluru – have moved back to their homes in Tier 2 and Tier City 3.
MNC employees based in Hyderabad in the pre-pandemic period , And who Ti spoke to, said that they were allowed to work remotely to mid 2022 for now, with further extension indications.
“Reverse migration is the main reason why work together in small cities.
Because infrastructure in many places is still in the stage of development, work from home is often a challenge.
So, the company uses this shared area to create an environment like an office for employees based on employees There, “said Amit Ramani, founder and AWFIS CEO formed to Ahmedabad, Indore and Bhubaneswar this year.
At the end of 2021, a shared workspace provider hoped to open an office in Jaipur, Lucknow, Nagpur and Kochi too.
The leading operator, Tablelapce, has also taken 60,000 SFT in Thiruvananthapuram – his first project in the capital of Kerala.
“We have also made a 13-city deal with companies in places like Ahmedabad, Nagpur, etc.,” said the founder, Karan Chopra.
But while he admitted to Tier 2 and 3 cities getting traction, Chopra felt it could be a short-term trend with many companies finally called back staff to cities.
In the latest Ciril meetings – Pan-Indian Real Estate Broker Group – in Hyderabad, Members reaffirms how the working industry together “witnessed changes in the paradigm, marking the new phase of expansion of office space in big cities”.
“This trend is slowly and continues to build momentum and is here to stay,” said his national director, Aju Thomas.
Nagpur sealed the workspace deal with the first time last month, for 10,000 SFT was limited to 15,000-20,000 SFT before Covid-19, Indore now has around 40,000 to 50,000 SFFT operational workspace together.
The other 50,000 SFT in the temporary pipe Regus 23,000 SFT is fully full in coimbatore, another 700-odd seat, has been added by a smaller player.
Also, 2-3 new players looking for 700 to 1,500 seats at least four players work with 2 lakh (on average) SFT space in Ahmedabad, post pandemic.
Those who like Awfi have started their first center Vadodara has also seen demand absorption for managed spaces, with 2,166 seats in an office in most locations, costs per seat ranging from RS6,000 and RS8.000, said industry sources.
While the main location in Metro City attracts Rs10,000 to RS14,000 (on average) per seat, some cheaper (source: data provided by Members of Ciril)
Working together makes a big spark in small cities
