Majority of staff 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.
“As the third wave of COVID-19 started waning in February, the return-to-office gained momentum. As a result, by June 2022 about 34 per cent of the companies saw about 75-100 per cent of the employees back in office (includes hybrid work),” the report stated.
About 41 per cent of occupiers said that solely as much as 25 per cent of their staff have returned to workplace.
The survey confirmed that telecom and consulting sectors noticed the very best (75-100 per cent) charge of return to workplace whereas IT and new know-how firms noticed the bottom (0-25 per cent) charge of return to workplace.
“The survey has made it clear that a distributed workspace strategy is the way to go for occupiers in this new era of experiential workplaces, as occupiers emerge from the after-effects of the pandemic. Flex spaces, in particular, are leading this growth, as occupiers from varied sectors are housing teams in flex centres across cities,” Colliers India CEO Ramesh Nair stated.
Versatile workspace operators leased about 3.5 million sq. toes of workplace house in January-June this yr throughout the highest six cities, nearly three-fourths of the versatile house leasing in complete 2021, he added.
The survey was performed throughout Could-June amongst occupiers to grasp their methods relating to distributed office. The respondents have been from totally different sectors corresponding 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 respondents various, ranging from a variety of 1-500 staff to firms having over 10,000 staff.
As per the survey, about 74 per cent of the occupiers are more likely to undertake distributed workspace whereas 53 per cent of occupiers favor working from dwelling plus workplace as their most well-liked office portfolio technique.
About 49 per cent of the occupiers are more likely to undertake flex centres 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 fact, in non-metro cities, total flex spaces are likely to grow more than two-fold to 5.5 million square feet by the end of 2022,” Nair stated.
Amit Ramani, Founder and CEO, Awfis stated the findings of the survey are a testomony to the success of the distributed work mannequin and subsequently of flex areas in catering to the ever-evolved workspace wants of India Inc.
“Going forward, 77 per cent occupiers will include flex spaces as part of their workplace strategy. We expect exceptional demand in the future, driven largely by large corporates for de-densification of existing traditional offices,” he added.
In line with the Colliers India knowledge, the gross leasing of workplace rose to 32.9 million sq. toes in 2021 from 30.1 million sq. toes within the earlier yr. Throughout 2019, the numbers stood at 44.8 million sq. toes 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. toes from 10.3 million sq. toes 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 The Nation and was originally published at: Return to workplace highest in telcom, consulting sector; IT lags: Survey