Colliers India predicts that leasing activity from startups will reach 78 million square feet by 2024, accounting for 13% of all office space.
The size of the new center is an indication of the company’s optimism on the next wave of growth from tier II cities like Gujarat in India.
The India-based coworking company is planning on doubling its portfolio by adding over 60,000 seats to its spaces in 2022.
DevX will expand in India with a new coworking center in Pune. The company hopes to establish a pan-India presence by the end of 2021.
As companies recognize the importance of being lean and agile, managed workspace operators like DevX are preparing for rapid growth in India.
At the flex operator’s newest and first location in Pune, Simpliwork Offices is aiming to accommodate approximately 2,500 employees of Fortune 500 enterprises in the coming months.
By offering maximum flexibility, hear how the co-founder of Cove Offices in Chennai has managed to retain almost all their existing clients during COVID-19.
Tier II and Tier III cities in India show no sign of slowing down when it comes to providing valuable resources in support of a growing workforce. If the entrepreneurial ecosystem continues to be tapped in the right places, these cities will foster a successful future for emerging startups for years to come.