Page 2 - Co-working Spaces

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

Mall investors slam brakes on new launches amid Covid-19 pandemic

Many might be forced to sell off their properties to new players or repurpose them to create some office or co-working space to hedge their bets

Covid crisis: Flexible workspace options to soar as firms expand capacity

They are using the interregnum to expand and to negotiate cheaper real estate deals to add seating capacity

WeWork India raises Rs 200 cr to grow biz, become profitable in 2021

Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt

Prestige Group partners Awfis to set up 6 co-working centres

Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai

Realty firm Prestige Group partners Awfis to set up 6 co-working centres

Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore.

Godrej plans to foray into co-working spaces through fund management arm

GFM has five million square feet across office properties in Mumbai Thane, Gurugram, Pune and Bengaluru

Future of co-working bright, operators may face trouble in next yr: Expert

Co-working segment has a bright future and will grow post-Covid-19 pandemic, but operators may face a lot of pain in the next one year, according to top property consultants

India's co-working space market to cross 50 million sq ft by 2023: JLL

Currently market penetration of flexible spaces into India's total office stock stands at 3%

WeWork Global to invest $100 mn in India business to help boost growth

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

Co-working firms seek new opportunities to mitigate risk, remain afloat

olted by this disruption in the very first phase of its growth, the industry is also looking at newer opportunities that the crisis might create

TCG explores various models as it plans to enter shared-living market

The firm is internally assessing the possibility of partnering with aggregators or entering the market on its own

Co-working space rentals in Pune 33% lower than traditional offices

In Mumbai Metropolitan Region, co-working spaces come at 14% lower rentals in key micro-markets such as Ballard Estate, Colaba, Churchgate, Fort and Nariman Point.

Co-working companies lag in attracting multinationals, says Anarock

Companies refute claim, say they have a sizeable number of clients

Co-working operators lease 10.8 mn sq ft area in 2019, up 26%: CBRE

The overall stock in flexible space market rose about 60 per cent from about 19 million sq ft in 2018 to touch 30 million sq ft in 2019

CCD starts giving out outlets as co-working spaces: Is the model scalable?

Apart from infrastructure, how can a cafe which has taken a plunge into formalising the co-working arrangments scale up operations?

Roseate Hotels opens its first co-working centre in Aerocity, has 100 desks

Roseate Hotels & Resorts, which has six hospitality projects in India and the UK, on Sunday said it has forayed into the co-working business with the setting up of its first premium centre in its hotel at Aerocity here. The company has opened its first co-working centre, which is spread over 30,000 sq ft and comprises over 100 desks, at its hotel 'Roseate House' in Aerocity here. The price per desk starts from Rs 60,000 per month. The centre 'Upstage Club' was inaugurated by Amitabh Kant, CEO of Niti Aayog, the company said in a statement. "It is an innovative concept and will encourage more hotels to follow suit. It is a great space for entrepreneurs and will have a multiplier effect for startups," Kant said. Bird group ED Ankur Bhatia said, "This space will help people run their businesses efficiently. It offers a convenient location near the airport and facilities that no co-working space offers in India till now." Bird group owns and operates all the six hotels. It is also ..

Flexible workplace operators lease 52% more office space in Jan-June: CBRE

The total stock of flexible workspace has reached 23 million sq ft

Issues aside, cost efficiency, networking opportunity make co-working work

Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices

OYO forays into co-working spaces with two brands 'Powerstation', 'Workflo'

Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance