Demand for open-plan office spaces on rent has seen the Indian realty market undergo change and the mode of operation within businesses. With corporations striving to become collaborative, innovative, and nimble, it is an open plan that is nowadays the new standard that defines a new office. Varied business as well as the needs of a person are combined with functionality in aesthetic appeal as a single place. Open office plans, open plan offices advantages, modern work spaces and designs as well as changing impacts of these aspects on real estate in India shall be discussed in the below blog article.
Open-plan office spaces can be leased instead of cubicles and closed offices, offering an open space layout that fosters teamwork and collaboration. The area typically has low barriers, shared desks, and a flexible arrangement for seating that aids in creating a room for employee interaction and teamwork. Open-plan offices are intended to meet the changing needs of business in this contemporary world through enhanced communication, innovation, and efficiency at an affordable cost to any business size.
Open-plan offices are in great demand as they provide a collaborative space that can be used to the fullest, and this creates a very vibrant atmosphere. The concept has caught up particularly in the Indian real estate market because businesses want affordable and flexible workspace solutions in cities like Bengaluru, Gurgaon, and Hyderabad.
With that in mind, let's dive into why open-plan office spaces for rent are dominating the real estate landscape and how businesses can benefit from them.
The concept of open-plan offices is not a new one, but its importance has skyrocketed in the recent past. The post-pandemic trends have made companies rethink their office layouts and instead opt for open-plan office spaces for rent that fit hybrid work models.
As per the recent data, it has been reported that, Indian commercial real estate market is expected to grow at a CAGR of 13.45% from 2023 to 2028.
Today, Bengaluru, Gurgaon, and Mumbai are the most prominent places for open-plan office space on rent, as IT firms, startups, and MNCs are increasingly requiring open-plan office design.
Over 60% of Indian companies are using this design to increase collaboration and productivity
This trend has resulted in innovations in office interior design, along with modern open workspace design ideas and customization.
Choosing an open-plan design has many benefits for businesses. Let's understand what drives this trend:
Open floor plans remove actual barriers. Therefore, there is seamless communication and teamwork; people can share ideas and brainstorm freely without the constraints of cubicles.
Unlike the old office layouts, the open office spaces maximize the utilization of square footage. It is helpful, especially to small-to-medium enterprises who are leasing a very expensive space in Gurgaon or Bengaluru.
Open spaces are very malleable. The seating arrangements of a company can be easily moved around or desks added as the firm grows. Therefore, the case is less stressful when trying to scale up the operations.
Open-plan designs are often equipped with natural lighting, greenery, and modern decor, making the workplace inviting. Companies can also try private desks in open-plan offices to balance privacy and collaboration.
Open-plan offices require fewer partitions, which means less design and construction costs. Companies that rent such spaces also save on long-term maintenance.
Companies are now coming up with innovative design ideas to make open-plan offices efficient and attractive. Here are some of the trending concepts:
Divide the open floor plan into zones for different purposes—collaborative areas, private desks, meeting rooms, and relaxation corners. The approach maintains functionality while enhancing employee satisfaction.
Integration of nature in offices-including plants, natural textures, and large windows makes people happy and productive. This is highly impactful in cities where nature is usually scarce.
Open-plan office solutions include automated lighting, temperature control, and noise-canceling systems, making them more efficient.
Modern workspace designs are modular and ergonomic. Moveable desks and adjustable chairs are perfect options for differentiating the needs of employees.
This consists of designating rooms with sofas, whiteboards, and brainstorming tools for developing teamwork. Creativity involves open-plan office spaces for lease with real estate insights.
Realizing the trend early, India's realty market has caught on fast. India has more open-plan office spaces being given away by developers on lease. Nowadays, open-plan office space grabs nearly 70% of freshly leased offices as of 2024.
Open-plan office space that sports world-class infrastructure can be found in Golf Course Road in Gurgaon and Outer Ring Road in Bengaluru.
Premium office space in India with open layouts is available from ₹70 to ₹200 per sq. ft. depending on the location and amenities.
Other companies like Realsta have streamlined the search for open-plan office spaces on rent by offering end-to-end solutions, interior management, and asset management services.