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Below the comment on the Knight Frank Office Space Report by Mr Amal Mishra, Co-founder, UrbanVault, a Bengaluru-based managed co-working space provider

The demand for Grade A office space and managed flexible office solutions is experiencing sustained growth, fueled by several factors, including the increasing interest from Global Capability Centers (GCC). Additionally, key sectors such as Banking, Financial Services, and Insurance (BFSI) and Information Technology (IT) continue to drive significant demand for Grade A office spaces.

A notable trend within this growing demand is the preference among for managed co-working and flexy space. This choice allows companies to minimize their capital expenditures while benefiting from efficient management and reduced operational hassles. Moreover, the flexibility to scale up operations as needed makes managed flex-office solutions an attractive option for businesses adapting to dynamic market conditions.

The surge in demand for these office solutions is particularly strong in cities like Bengaluru and Hyderabad.