Most workers within the telecom and consulting sectors have returned to the workplace with a major drop in COVID-19 instances however the IT sector is lagging behind, in line with a survey by Colliers and Awfi.
Property advisor Colliers India and co-working operator Awfis’ joint report explores the standing of return to work in varied sectors.
“As the third wave of COVID-19 began to subside in February, the return-to-office gained momentum. As a result, in June 2022, approximately 34 percent of companies saw approximately 75- 100 percent of employees returned to the office. (including hybrid work),” the report stated.
About 41 p.c of the occupiers stated that solely as much as 25 p.c of their workers have been capable of return to the workplace.
The survey confirmed that the telecom and consulting sectors noticed the very best (75-100%) workplace turnover charges whereas IT and new expertise firms noticed the bottom (0-25 p.c) turnover charges. again to the workplace.
“The survey made it clear that the distributed workspace approach is the way to go for occupiers in this new era of experiential workplaces, as occupiers emerge from the effects of the pandemic. Flex spaces, in particular, are leading to this growth, as occupiers from various sectors are housing groups in flex centers in cities,” stated Colliers India CEO Ramesh Nair.
Flexible workspace operators leased about 3.5 million sq. ft of workplace house in January-June this yr within the prime six cities, almost three-fourths of versatile house leasing all through 2021, he added.
The survey was carried out in May-June among the many occupiers to know their methods relating to the distributed office. The respondents are from varied sectors like IT/ITeS, BFSI, engineering and manufacturing and others.
A complete of 150 responses have been acquired from C-Suite executives overlaying Founders, CEOs, COOs and CHROs of varied firms. Respondents’ firm sizes diverse, starting from 1-500 workers to firms with over 10,000 workers.
According to the survey, roughly 74 p.c of occupiers are doubtless to make use of a distributed workspace whereas 53 p.c of occupiers favor working from residence and workplace as their most popular office portfolio technique.
About 49 p.c of occupiers are doubtless to make use of flex facilities to allow distributed workspace, adopted by organising their very own places of work in metro and non-metro cities.
The advisor sees alternatives for flex areas not solely in metro cities but additionally in non-metro cities. “In fact, in non-metro cities, total flex space is likely to grow more than twice to 5.5 million square feet by the end of 2022,” stated Mr Nair.
Amit Ramani, Founder and CEO, Awfis stated the survey findings are a testomony to the success of the distributed work mannequin and subsequent flex areas in catering to the ever-evolving workspace wants of India Inc.
“Going forward, 77 percent of occupiers will include flex spaces as part of their workplace strategy. We anticipate exceptional demand in the future, driven largely by large corporations for the de-densification of existing traditional office,” he added.
According to Colliers India information, whole workplace leasing elevated to 32.9 million sq. ft in 2021 from 30.1 million sq. ft final yr. In 2019, the numbers stood at 44.8 million sq. ft throughout six cities — Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Pune.
In the primary six months of this yr, workplace leasing elevated to 27.5 million sq. ft from 10.3 million sq. ft final yr. The leasing share of versatile workspace operators is at 13 p.c.
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