Office spaces have been undergoing a series of transformations over the last few years. The need for collaboration has transformed 120-150 square feet cabins into agile workspaces, need for more employees has led to the development of open office spaces and need for flexibility has given rise to coworking spaces. Flexible office space solutions have emerged as a separate asset class and have grown from 5% in 2016-17 to almost 15% in 2019. Managed office spaces, a concept popular initially among start-ups, is witnessing an increased preference by mid-sized organisations as well as large corporations. The pandemic has forced many business segments to evolve swiftly, and the coworking segment is no exception.

Source: Mint December 28, 2020 08:48 UTC