QDesq & Awfis Indian Flex Occupiers’ Survey 2022

The pandemic has played a crucial role in directing the growth trajectory of Commercial Real Estate, especially in India. While the workspace concepts such as coworking, hybrid, hub and spoke and flex space models are not new, they’ve emerged to become an integral part of every business’ workspace portfolio in the long run only post-pandemic.

The priorities of occupiers have shifted dramatically, consequently creating an ideal thriving ground for flex space operators. Post-pandemic, the demand for flex space has surged as it finds itself at the core of every business requirement.

In our latest report with QDesq, we surveyed the occupiers to understand the course of their sentiments, gain insights into their workplace preferences and discover what factors will play a crucial role in driving their workspace choices in future.

Key Takeaways:

  • Hybrid work model continues to gain momentum as more and more occupiers demonstrate a strong reliance on the model. The survey reveals how 35- 40% of the occupiers from small, medium and even large companies are embracing the model thus paving path for flex space market to flourish.
  • To suit the evolved demands of employers and employees alike, occupiers are introducing new workplace strategies such as distributed workplace. 45% of the corporations are looking for new office spaces which includes conventional as well as flex spaces while another 35% are adopting a multi-office approach by partnering with coworking players.
  • The Pharma industry is a full-fledged advocate of working from office as the survey reveals 100% preference while 70% of large firms and BFSI, Engineering and Manufacturing industry occupiers prefer Hybrid work model.
  • A whopping 76% of the occupiers are in favour of a tech-enabled workplace experience. Application of user-friendly technology that creates a seamless work environment for occupiers is a need in demand.
  • Despite the new features of workplace in demand, price and budget coupled with the availability of private offices persist at the top of decision matrix for occupiers. These two factors are the main drivers of occupier decisions when choosing a workplace.

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