Turn vacant commercial property into a managed workspace asset.

Most vacant commercial space in tier-two Indian cities is offered as a shell. The tenant is expected to design it, fit it out, hire staff, appoint vendors and absorb the delay before they can occupy. For a growing company that is a significant capital and management burden, and it is the reason many enquiries go quiet after a site visit.

The occupiers who move fastest — regional offices of national firms, professional services practices, IT and back-office teams, healthcare administration, training and government-adjacent operations — increasingly expect a workspace they can use, not a floor plate they must build. Where an owner can offer that, the enquiry pipeline and the achievable rent both change.

Converting a shell into a workspace product is a project, not a decision. It needs a positioning view, a space plan that suits the likely tenant profile, a coordinated design and services package, controlled procurement, disciplined execution and then day-to-day operation. That full sequence is what this mandate covers.

A property assessment establishes what the asset is currently capable of and what it would take to reposition it. We look at the floor plate and its efficiency, the base-build services, power availability, parking, access, lift capacity, fire and statutory compliance status, condition, and the surrounding demand in the immediate micro-market.

Against that we model realistic tenant profiles — how much area they take, what they will pay, what they need included, and how long they typically commit for. The output is an honest view of achievable occupancy and rent under different levels of investment, including the option of doing nothing.

We are equally direct where a property is not a good candidate for a managed workspace conversion — because the location, floor plate, power or compliance position does not support it. That answer is cheaper to receive at assessment stage than after a fit-out.

Where the assessment supports it, SJAIN Spaces can take the property through the full lifecycle under a single mandate: planning and design, procurement and execution, leasing and tenant acquisition, staffing, vendor and facility management, and ongoing occupancy reporting.

That means one accountable party for the asset's performance instead of a broker, a contractor, a housekeeping agency and an accountant who never speak to each other. The management fee is 25% of rental receipts. Direct staff costs such as housekeeping and other agreed operational personnel are payable at actuals and are separate from the management fee.