Information Technology
Flex Space Evolution in India: Managed Solutions Propel Industry Growth and Expansion
According to the report, both operators and occupiers have been transitioning towards the MOS model. This model particularly appeals to global corporations, with India becoming a key GCC hotspot, offering ideal local real estate solutions.
The IT sector leads the way with 40-50% seat absorption for curated offices in the last 18 months (2023 and H1 2024), followed by Engineering & Manufacturing (14-18%), BFSI (9-12%), and Professional Services (11-12%). In the same period, active flex space operators grew to 300 - with the top 5% holding over 50% Grade A stock, mostly focusing on MOS.
With the rise of GCCs in India , Table Space has recently appointed two global strategic leaders:
Robert Newman as Non-Executive Chairman and
John Hogan as Chief Sales Officer, Americas. These appointments highlight the company's commitment to driving GCC enablement and enhancing support for its global clientele through comprehensive service offerings.
said,
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