The Monthly Scoop of Flexspace Industry News
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Boosting the co-working industry
Global Capability Centres (GCCs) in India are significantly boosting the coworking and flex spaces industry as more multinational corporations (MNCs) establish or expand their operations in the country.
Here are some key insights and trends:
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Evolving Role
Initially focused on back-office processes, GCCs in India now handle complex tasks across the organizational value chain, including strategic R&D and business innovation. This evolution underscores India's role as a global leader in delivering operational excellence and product innovation.
Increased Demand for Office Space: Impact on Coworking and Flex Spaces
The demand for coworking and flexible office spaces is surging as GCCs seek scalable and adaptive workspace solutions. The office stock occupied by GCCs across the top six Indian cities has surpassed 200 million square feet and continues to grow as per reports by JLL India and PwC.
Strategic Locations:
Tier 2 and Tier 3 cities are also witnessing growth in GCC establishments, driven by the need to tap into untapped talent pools and reduce operational costs. This trend is expected to further boost the demand for coworking spaces in these regions.
Agility and Innovation:
GCCs emphasize agility and continuous improvement, fostering environments that encourage adaptability to market changes and customer needs. This approach aligns with the flexible nature of coworking spaces, which can quickly adapt to the dynamic requirements of these centres, as per PwC.
Conclusion:
The rapid expansion of GCCs in India is a significant driver for the coworking and flex spaces industry. As these centres evolve to handle more complex and strategic functions, their need for adaptable and scalable office solutions grows, presenting substantial opportunities for coworking space providers.
BLOG:
TOP 10 BENEFITS OF USING A VIRTUAL OFFICE FOR STARTUPS & SMEs
Startups and small and medium enterprises (SMEs) are constantly seeking innovative ways to optimize their operations and reduce costs. One such innovative solution is the virtual office. Offering a prestigious business address, professional services, and the flexibility to work from anywhere, virtual offices have become an attractive option for modern businesses.
Read more to explore the top 10 benefits of using a virtual office for startups and SMEs in detail: https://www.mybranch.co.in/blog/top-10-benefits-of-virtual-offices-for-startups-smes/
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