Workspace solutions market to grow by 10% in next five years

Growth in the Indian commercial sector is expected to positively impact the ‘workspace solutions industry’ in the coming years. The sector is expected to witness 10% year-on-year growth in the next five years, according to the industry experts.

Workplace solution involves providing end-to-end commercial real estate solutions to companies across sectors – from concept to functionality. It includes strategic location studies, transaction advisory, fit-out management (design and execution) and facilities management. On an average close to 35-40 million sq. ft of office space is absorbed in India annually, according to Shrinivas Rao, CEO-APAC, Vestian. Of the 35 million, about 25 million sq. ft require services from a workplace solutions provider, be it transactions, fit-outs or facilities management.

Read more: Economic Times