Are you considering buying private office space in Chennai? Know that you have made a great decision. The office sector in Chennai is on the road to recovery and is back in demand as companies are slowly opening up offices. This blog will discuss the trends in store for private office spaces in Chennai in 2022. Read on!
Private office space in Chennai – on a high!
The market for private office space in Chennai is at an all-time high today, going strong with the recovery from the pandemic. What are private office spaces? Private offices are independent cabins or commercial spaces primarily rented out to independent entities. Private office spaces in Chennai are usually located in a commercial facility that is shared but is rented out to private companies only.
Even though the remote work culture is thriving, the office spaces sector has been seeing a strong rebound in 2021, after experiencing a tough dip during the first 2 phases of the coronavirus pandemic. Now that things are slowly getting back to normalcy, companies, especially private sector units, are starting to open up their office spaces for employees to come in and work.
Remote working style has taken precedence today in most corporates, taking the safety of the employees into consideration. However, businesses still prefer catching up with the team once in a while for meetings and important conferences, and sometimes, just for team relationship-building purposes.
Private office spaces in Chennai are in great demand, mainly because of the growth in the IT and Corporate sectors of the city. With the rise of these sectors, there has been a growing demand for private office spaces in Chennai.
With increased rental rates, Chennai is one of the cities dominantly contributing to the office market today. This article will discuss the future of private office space in Chennai and, in general, its benefits. Read on to learn more!
The Future of Private Office Space in Chennai in 2022
If there is one thing that the coronavirus pandemic taught us, it is that work can happen from anywhere and not necessarily out of office spaces. As a result, office market investors and aggregators took a hard hit. However, with normalcy around the corner and people also learning to live safe amidst the pandemic, private office space in Chennai is making a comeback.
The IT and Corporate sectors are looking to start working out of offices, of course, with tweaked workplace models to meet the safety requirements of the pandemic guidelines. However, this move has resulted in the strong recovery of the market for private office space in Chennai.
With that established, the future of private office space in Chennai looks bright. The market for private office space in Chennai is on the road to recovery! As 2021 comes to a close, Chennai’s office market has performed slightly better than the previous year.
|According to Cushman and Wakefield, Chennai’s grade A office sector recorded a gross lease volume of 1.82 MSF during the quarter, up by 73% on a q-o-q basis indicating signs of revival in the market.|
This section will discuss the future of private office spaces in Chennai and the trends for the year 2022.
1. Safety and health of the employees will take precedence
In the wake of health and safety concerns during the pandemic, private companies are now looking to offer workspaces that offer employees comfort and convenience. Right from the employee-friendly infrastructure of private office spaces in Chennai to the flexible work environment, the comfort of the employees has taken precedence in private office space in Chennai today.
2. The hybrid model will also call for more private office spaces in Chennai
This is an inevitable consequence of the pandemic and the work-from-home scenario. Employees seem to be wanting a work model that falls in between the work from home and the conventional office set-up. This is basically a flexible work model, where employees have the freedom to choose where they want to work from. This is expected to result in an increased demand for private office space in Chennai, as employees have now become wary of working from home and prefer working out of their office or workspace.
3. Strike a good balance between work and play
Private office space in Chennai aims to provide employees with the best of both worlds – a peaceful work environment that will help them be productive and a workspace with exciting amenities. More workspaces in the city will adapt to this trend and offer employees a workplace that comes with amenities, including fitness facilities, swimming pools, library, nap counters, food courts, games room, and more.
Sources of recreation will be an integral part of private office space in Chennai so that employees can do something worthwhile during their break.
4. Built-up demand will drive more sales
The initial effect of opening up private office space in Chennai will be a spurt in demand for these office spaces. As a result, this built-up demand will also help drive more sales and occupancy, simply because more private entities are looking to invest in private office space in Chennai. This will lead to an even stronger rebound of Chennai’s office market.
Benefits of Private Office Space in Chennai
The future of private office space in Chennai in 2022 looks bright as ever, as the IT and Corporate sectors look to open up and start working from their respective offices. Private office space in Chennai comes bearing an array of benefits. Some of them are highlighted below –
> Private office spaces make way for teamwork and enhanced team spirit. Employees working together in the same space will allow them to mingle with and get to know one another. This will help improve the camaraderie they will share.
> They help smoothen the management process. With the team working together out of common office space, it is easier for the team leads of the different teams to conduct meetings, discussions, conferences and more, therefore making management of the teams easier.
> Private office spaces help maintain the spirit of the organisation. By working together, employees grow together, along with the organisation. When the members of the organisation work together, successes – both big and small can be celebrated together, which, in turn, improves the spirit of the organisation.
> Private office spaces help ensure productivity. Working out of a dedicated office space helps employees be more focused and decreases the chances of them slacking. Operating out of office spaces also help the management keep an eye on the employees’ activities and helps monitor their productivity.
Are you looking for private office space in Chennai? The market of India is a great choice! Located in the heart of Chennai within SPR City, Market of India is India’s largest wholesale and retail marketplace. It is a first-of-its-kind organized marketplace that centralizes 9 major trade hubs of Chennai, including Parry’s, Koyambedu, Sowcarpet, Mint Street, and more. These are a few benefits of working out of private office space.
Buy a private office space in Chennai at Market of India today! Have you invested in private office space in Chennai? Let us know how beneficial it is in the comments below!