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How a Managed Office Transformed a Business in Tier 2 Cities

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Managed Office Transformed a Business in Tier 2 Cities

Gone are the days when people used to shift to Mumbai, Delhi, or any other metropolitan city to give wings to their dreams. In today’s time, due to growth in tier 2 cities in India, people are choosing to stay back in their own cities and expand their work. And hence, Tier 2 cities are experiencing rapid development and urbanization and this is contributing to the country’s economic growth. 

Unlike Tier 1 metros, these cities typically have populations between 50,000 and 100,000.  In recent times, Tier 2 cities like Ahmedabad, Jaipur, Lucknow, Patna, Indore, etc. have witnessed a surge in investments, infrastructure advancements, and business opportunities.

In this blog, we will take a look at the reasons why companies should consider managed office spaces in Tier 2 cities.

There are several reasons contributing to the growth of tier 2 cities, such as 

1. High return on investment (ROI):

  • Coworking spaces in Tier 2 cities offer lower rental rates compared to Tier 1 cities, enhancing cost-effectiveness.
  • Reduced overhead expenses enable startups, freelancers, and small businesses to allocate resources to other crucial areas.
  • Accessible pricing in Tier 2 cities facilitates smoother operations and fosters growth for emerging ventures.

2. Enhanced work-life integration:

  • Tier 2 cities offer a relaxed pace of life, shorter commutes, and lower living costs.
  • Working in coworking spaces in these cities promotes a better work-life balance.
  • Individuals can enjoy reduced stress and more time for personal pursuits due to these factors.

3. Access to a growing talent pool:

  • Tier 2 cities see an increase in skilled professionals, including young talent returning home.
  • Managed office spaces in Tier 2 cities offer connections to the expanding talent pool.
  • Accessing qualified individuals through coworking spaces aids businesses in leveraging local talent for growth.

    Also Read: How to Choose the Managed Office Spaces

    4. Infrastructure modernization:

    • Tier-2 cities like Ahmedabad, Jaipur, and Indore are undergoing swift and substantial development in commercial infrastructure, transportation systems, and networks.
    • The expansion efforts are geared towards catering to the burgeoning demands of the future of work, striving to offer exemplary facilities to large and medium enterprises, thereby enhancing their operational efficiency.
    • The primary goal of this infrastructure overhaul is to improve connectivity, ensuring seamless operations and fostering a conducive environment for businesses in these cities to thrive.

      5. Enhanced quality of life:

      • Tier-2 cities offer lower living costs compared to major urban centers, enabling residents to maintain a comfortable lifestyle without financial strain.
      • Improved healthcare infrastructure provides convenient access to medical services, ensuring residents can address their healthcare needs effectively.
      • Expansion of educational institutions offers diverse learning opportunities, empowering residents to pursue their academic and career goals locally.

        Also Read: Medical Coworking Space

        The major managed office providers in expanding at a high rate in Tier 2 cities, such as:

        1. Awfis

        Awfis has specifically targeted cities like Chandigarh, Ahmedabad, Jaipur, Kochi, Bhubaneswar, and Indore for expansion. According to a JLL-Awfis survey, 48% of existing companies in tier 2 cities plan to further expand their presence there, highlighting the potential for co-working spaces like Awfis.

        By the end of 2022, Awfis successfully expanded to cover 0.6 million square feet across seven tier 2 cities, exceeding their initial target. This signifies significant growth in their tier 2 presence.

        2. Smartworks

          In October 2022, Smartworks announced its entry into Tier 2 cities with centers in Jaipur and Indore, spanning over 1.7 lakh sq. ft. 

          Despite entering Tier 2 markets, Smartworks aims to add another 3 million sq. ft. this year, reaching a total portfolio of 10 million sq. ft., the highest among shared space providers in India.

          Smartworks’ expansion into Tier 2 cities reflects the changing landscape of work and the increasing demand for flexible workspace solutions in these emerging markets.

          These two managed office providers have significantly changed the landscape of coworking spaces in Tier 2 & 3 cities. So, whenever you are in Tier 2 & 3 cities, choose to unlock a world of opportunities by choosing the managed office spaces of these cities that are buzzing with energy.  

          Imagine collaborating with passionate entrepreneurs, brainstorming with freelancers, and fueling your focus in a sleek, professional environment – all without the hefty price tag of a metro office. It’s the perfect recipe for boosting productivity, sparking inspiration, and taking your work to the next level.

          So, it’s time to take the leap and join the coworking revolution in your city!