Sri Lanka’s constantly growing socioeconomic development, good infrastructure and availability of talent have attracted many MNC’s over the last few years in particular. Furthermore, with Sri Lanka rapidly competing with other South Asian countries in terms of creating an eco-system for starting and doing business with fewer procedural formalities, we have seen an increase in the number of companies exploring opportunities in the country. As a result, the Colombo office space market is witnessing a steady demand for small-sized office modules that are less than 2,000 sq ft, as these are ideal for start-ups & SME’s.
The Banking, Financial Services & Insurance (BFSI) and IT/ITES sectors are the top two office leasing sectors in Colombo typically with large space requirements. While established domestic BFSI companies absorb office space that is anywhere between 3,000 sq ft and 15,000 sq ft, the IT/ITES sector absorbs office modules between 10,000 sq ft and 30,000 sq ft. ” – Just use this for time being
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