Page 2 - Co-working

Co-working firms share in office leasing jumps to 20% in Jan-Jun period

Co-working operators are opening new centres to tap rising demand for flexible workspace and their share in the overall office space leasing jumped to 20 per cent during January-June, according to Anarock. In April, real estate consultant Anarock entered into this segment by acquiring 75 per cent stake in myHQ, a booking platform for co-working spaces, in a cash and stock deal of around Rs 125 crore. myHQ, which is headquartered in Delhi-NCR, has over 50,000 subscribed members. As per the data, the total net absorption of office space across seven major cities stood at 20.8 million square feet in the first half of this calendar year. In this, the share of co-working spaces stood at 20 per cent. In H1 (January-June) 2021, its share was just 6 per cent of net office absorption of about 9.33 million square feet. Corporates are preferring co-working centres, which include managed office space, to cut capital expenditure and enjoy flexibility in scaling up or down their businesses. If

Office reimagined: Some new work ways may outlast Covid-19 pandemic

Staggered office days, virtual hiring, temporary bosses could be the new normal

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%

COVID-19: Co-working segment hit by lockdown

Co-working operators leased 10.8 million sq ft office space during 2019, up 26 per cent from the previous year, according to property consultant CBRE

Co-working companies lag in attracting multinationals, says Anarock

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

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

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

Here's why co-working spaces are the garages of today's entrepreneurs

Apart from the flexibility and availability of ready working spaces, the shared workplace can also work out to be more cost-effective than taking a standalone office on rent

Don't help co-workers: It's harmful for office environment, say scientists

Scientists found that co-workers switch from helping in the morning to being selfish by afternoon

Idea of co-working firms catches up

Around 40 facilities have come up this year, another 50 new facilities expected in 2017