1. Indian real estate news

Why landlords are hunting for flexible-space partners

This post is taken from JLL (source).

The pandemic has left many landlords and operators of commercial office space wondering about their business models. Huge spaces that are rendered empty or are partially occupied means that they are partnerships with other operators to make the best use of their physical assets.

JLL predicts that almost thirty percent of office space can be flexible in some form by the year 2030. In some cases, landlords are stepping in to run the spaces under their own brands. More commonly, however, landlords are turning to management agreements with flexible space operators to take over space left by coworking providers that either went out of business or have scaled back their operations.

The Zirapur and Mohali commercial real estate market is visionary and the upcoming project owners have been forward thinking to make the best use of their investments. Let’s see if we see when and how the Chandigarh tricity’s commercial property projects welcome this flex flexible-space partnership model.

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