Key Takeaways:

• Since 2015, Hyderabad’s CRE market has undergone significant changes. Over the last few years, the city’s office space occupancy and absorption rates have inflated tremendously. Growing demands for flex workspaces are leading to the accelerated growth of Hyderabad’s market.
• The intent to incorporate flexibility in their work model is driving large corporates based in Hyderabad to center their workplace strategy around managed offices. A similar preference for flex workspaces is also noticed in the city’s start-ups.
• Application of advanced technology coupled with the creation of a seamless user experience for all clients will pedal the next phase of innovation among Hyderabad’s coworking players.
• With their largest occupier segment i.e. large corporates, who are emphasizing heavily on ESG policies and long-term sustainability, coworking players will also focus on building centres that adhere to the sustainability goals and facilitate achievement of carbon footprint targets of their occupiers.
• Reverse migration of talent to tier-2 and tier-3 cities have conditioned organizations into bringing offices to the places where workforce is. As a result, a hybrid work model adopted by such companies will potentially accelerate flex workspace growth down the line in developing cities of India.