The Sharp Growth of Rental Office Space in Mumbai

1. The Sharp Growth of Rental Office Space in Mumbai As compared to the last few years, the demand for coworking office spaces has grown tremendously in India. The emergence of new start-ups is one of the main reasons resulting in the growth of rental office spaces in the leading cities of India like Mumbai, Bengaluru, New Delhi, and so on. Moreover, the strong demand for office space and sustained rental growth continues to attract both developers and institutional investors. In the present, a huge number of domestic and global firms are positioning Mumbai as the destination for highly skilful requirements dedicated either to their global operations or domestic services. The activity of leasing offices in cities like Mumbai is anticipated to strengthen with corporates looking to expand their operations beyond boundaries. Coworking spaces offer employees a well-equipped workspace including facilities like free internet, meeting rooms, office equipment, and many more. Hence, these add-ons might appear to a few as the driving force behind the growing demand for fully furnished office space in Mumbai. However, there’s much more that coworking offices have to offer. According to recent surveys, it has been found that the ability to interact with professionals from different backgrounds acts as one of the primary forces behind the rapid growth of ready to use office space in Mumbai. The survey also indicated that according to 59% of the co-workers, a social and enjoyable atmosphere served as the biggest influence in making the decision to stick to a particular workspace. This clearly suggests that people are more likely to work in an environment consisting of a like-minded yet well-diversified community rather than in a workspace having a uniform community of professionals. Regarded as the business capital of India, Mumbai is emerging as a hub of start-ups and private firms, aiming to build their empire by expanding their operations. Therefore, cities like Mumbai require entrepreneurs to go for shared office space for rent in Mumbai because of their effectiveness and flexibility. The days when huge spaces were required for a business to thrive are long gone. Nowadays, one doesn’t need a lot of space in order to operate. To grow your business in a developed city like Mumbai, just book

2. office space for rent in Mumbai, carry a laptop and you are all set. It is an evident truth that most start- ups in leading cities like Mumbai are unable to make money in the beginning. Thus, furnished office spaces for rent in Mumbai help them curtail additional costs with the availability of world-class amenities. Hence, the saved money can further be utilised to provide flexibility when sales fail to meet the target. Technology has also played a huge role in making co-working spaces to help start-ups and other organizations expand their operations. For instance, with the availability of high-end amenities like video conferencing facility in Mumbai, a business located far away from Mumbai can easily keep track of tasks to be completed remotely. Thus, we can say that cost-saving techniques, security, connectivity, and a community of like-minded professionals are some of the biggest factors responsible for the growth of rental offices in Mumbai. However, the rapid rise in the outsourced workforce has also contributed to its growth. Several firms whether large or small are excessively using freelancers to perform duties that do not require physical presence and can be carried out from the comfort of homes. The Executive Centre, a pioneer in exclusive workspace offers top-notch office space with state-of-the-art amenities to empower your company’s vision. Set up your business in a modern, flexible, and beautifully- designed space. Broaden your horizons with us.