Bangalore is a prominent city that is the capital of Karnataka. Many famous unicorns started their business journey from here. Accordingly, it is a premier destination for global investors. As per the report from Colliers, Bengaluru comprises startups valued at a collective tune of $1 billion. Currently, there has been a high demand for leasing commercial office space in Bellandur. With this article, one can get a proper understanding of Bengaluru as an attractive destination for an office space. 

Bengaluru: The ideal place for business growth 

Understandably, the business environment and finance are two pillars of a successful functioning enterprise. Bangalore is known for its widespread entrepreneurial ecosystem and productive financial environment. As per the Q3 2023 report by Colliers, Bangalore ranks as the top city for leasing office space. In addition, India ranks among the fastest-growing economies globally. As a result, investors are bullish on businesses with Office space near Marathahalli and other commercial hubs.  

Here are some of the reasons why it is beneficial to lease a managed workspace in Bengaluru 

  • The regional and central authorities recognize the significance of Bengaluru as a commercial hub. Accordingly, they provide necessary tax breaks and incentives to relevant business entities. This showcases the city's support for commercial development. 
  • In addition to policies, the city has witnessed significant infrastructure development. As a result, the city is resourceful for business entities. A well-developed road network and public transportation system enable various regions of Bangalore to be accessible to the workforce.  
  • Leasing an office space in Bengaluru is beneficial from a business point of view. Having a workspace in this city opens doors for a lucrative market. The Silicon Valley of India boasts of a technology-based economy. As a result, it provides access to a well-established market that promotes business growth. 
  • A business is as good as its workforce. Besides all essential aspects of an office space, the city should also have favourable conditions. Bengaluru has been consistently ranked as one of the best cities to live in. The city is blessed with a favourable climate throughout the years. Furthermore, the crime index in the city is low. As a result, it attracts talented workforce from different corners of the country to work here. Accordingly, there is a low attrition rate for enterprises that have office space in this city.  
  • In the cosmopolitan world we live in, it is crucial to develop beneficial contacts. The flex space providers regularly host cross-functional events in their campus-scale managed workspaces. Such events serve as a platform for networking and collaboration that would benefit business entities.  
  • The state of Karnataka consists of well-known educational institutions. Enterprises can find skilled professionals who pass out to become a part of their workforce. As a result, there will be no shortage of innovation and talent for businesses that lease a workspace in Bengaluru. 
  • In terms of exports, the city itself generated 130 billion dollars of exports last year. This accounted for 40% of all IT exports from India. These numbers are a testament to the success story of Bangalore.  

The emergence of tech-enabled workspace in Bengaluru 

With time, enterprises need to upgrade their resources as per business demands. Even before the pandemic, enterprises recognised the importance of incorporating technology in the office space. However, the Indian real estate office market struggled to provide a standardised office space solution. However, in recent years, the concept of managed office space has gained significant prominence. Here are some of the advantages of leasing a flex space. 

  • Unlike conventional office space, flex spaces are easily customisable so that enterprises can reflect their value and ethos via office space. 
  • The flex space providers offer amenities such as high-speed internet, meeting rooms with scheduling faculties, video conferencing-enabled conference rooms, and facial recognition systems at access gates, to name a few. Businesses can select which amenities are suitable for their business needs. 
  • Managed office spaces could be leased on flexible terms so that enterprises could financially benefit from leasing a flex space. 

Conclusion 

Bangalore, the fastest-growing tech hub, is poised for greatness. Enterprises that lease Commercial office space in Bangalore and other regions are expected to benefit greatly. As discussed recently, managed office space is emerging to become the default choice for enterprises seeking a future-ready and sustainable office space. With the assistance of flex space platforms, enterprises can get their dream workspace in this city.