Majority of workers in telecom and consulting sectors have returned to workplace with vital fall in COVID-19 circumstances however the IT sector is lagging, based on a survey by Colliers and Awfis.
Property guide Colliers India and co-working operator Awfis’ joint report explores the standing of return to work throughout totally different sectors.
“Because the third wave of COVID-19 began waning in February, the return-to-office gained momentum. Consequently, by June 2022 about 34 per cent of the businesses noticed about 75-100 per cent of the workers again in workplace (contains hybrid work),” the report stated.
About 41 per cent of occupiers acknowledged that solely as much as 25 per cent of their workers have returned to workplace.
The survey confirmed that telecom and consulting sectors noticed the best (75-100 per cent) fee of return to workplace whereas IT and new know-how firms noticed the bottom (0-25 per cent) fee of return to workplace.
“The survey has made it clear {that a} distributed workspace technique is the way in which to go for occupiers on this new period of experiential workplaces, as occupiers emerge from the after-effects of the pandemic. as occupiers from various sectors are housing groups in flex facilities throughout cities,” Colliers India CEO Ramesh Nair stated.
Versatile workspace operators leased about 3.5 million sq. ft of workplace area in January-June this yr throughout the highest six cities, nearly three-fourths of the versatile area leasing in whole 2021, he added.
The survey was carried out throughout Might-June amongst occupiers to grasp their methods relating to distributed office. The/have been from totally different sectors akin to IT/ITeS, BFSI, engineering and manufacturing and others.
Whole 150 responses have been obtained from C-Suite executives spanning Founders, CEOs, COOs and CHROs of varied firms. The corporate measurement of the various, ranging from a spread of 1-500 workers to firms having over 10,000 workers.
As per the survey, about 74 per cent of the occupiers are more likely to undertake distributed workspace whereas 53 per cent of occupiers want working from house plus workplace as their most popular office portfolio technique.
About 49 per cent of the occupiers are more likely to undertake flex facilities to allow distributed workspace, adopted by establishing their very own places of work in metro and non-metro cities.
The guide sees alternatives for flex areas not solely in metro cities but in addition in non-metro cities. “In reality, in non-metro cities, whole flex areas are more likely to develop greater than two-fold to five.5 million sq. ft by the top of 2022,” Mr Nair stated.
Amit Ramani, Founder and CEO, Awfis stated the findings of the survey are a testimony to the success of the distributed work mannequin and later of flex areas in catering to the ever-evolved workspace wants of India Inc.
“Going ahead, 77 per cent occupiers will embody flex areas as a part of their office technique. We count on distinctive demand sooner or later, pushed largely by giant corporates for de-densification of current conventional places of work,” he added.
In accordance with the Colliers India knowledge, the gross leasing of workplace rose to 32.9 million sq. ft in 2021 from 30.1 million sq. ft within the earlier yr. Throughout 2019, the numbers stood at 44.8 million sq. ft throughout six cities — Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Pune.
Within the first six months of this yr, the workplace leasing has risen to 27.5 million sq. ft from 10.3 million sq. ft within the year-ago interval. The share of leasing by versatile workspace operators stood at 13 per cent.
This story appeared in the 4 August, 2022 issue of News Tinger of India and was originally published at: Return To Office Highest In Telecom, Consulting Sectors; IT Lags: Report