Key Takeaways:

• Hybrid work model continues to gain momentum as more and more occupiers demonstrate a strong reliance on the model. The survey reveals how 35- 40% of the occupiers from small, medium and even large companies are embracing the model thus paving path for flex space market to flourish.
• To suit the evolved demands of employers and employees alike, occupiers are introducing new workplace strategies such as distributed workplace. 45% of the corporations are looking for new office spaces which includes conventional as well as flex spaces while another 35% are adopting a multi-office approach by partnering with coworking players.
• The Pharma industry is a full-fledged advocate of working from office as the survey reveals 100% preference while 70% of large firms and BFSI, Engineering and Manufacturing industry occupiers prefer Hybrid work model.
• A whopping 76% of the occupiers are in favour of a tech-enabled workplace experience. Application of user-friendly technology that creates a seamless work environment for occupiers is a need in demand.
• Despite the new features of workplace in demand, price and budget coupled with the availability of private offices persist at the top of decision matrix for occupiers. These two factors are the main drivers of occupier decisions when choosing a workplace.