Page 10 - Office Spaces

Global slowdown could dent office space demand in H1 2023 after strong 2022

Demand from domestic companies will, however, lend stability to the market

Office leasing dips 13% MoM to 5.8 mn sq ft in Nov, up 60% YoY: JLL study

Experts cite global headwinds for the month-on-month dip

SpaceX puts 40 OneWeb satellites into orbit from Kennedy Space Centre

This is OneWeb's 15th launch till date and second since it resumed its campaign with a launch from India in Oct

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

Flex spaces in demand as 35-40% of firms prefer hybrid working: Awfis study

Survey finds that 45% of companies are looking for new office spaces including conventional and flexible ones, 35% have adopted a multi-office approach by collaborating with co-working spaces

Bengaluru sees highest office rental growth across APAC; rent up 12.1 pc

Office rent in Bengaluru rose 12.1 per cent year-on-year in July-September this year, the highest in the Asia Pacific region, according to Knight Frank. In its Asia-Pacific Prime Office Rental Index for Q3 2022, property consultant Knight Frank said that Bengaluru topped the list with 12.10 per cent y-o-y (year-on-year) growth in office rentals in Q3 (July-September) 2022. Mumbai was at the 3rd rank in the index, recording 7 per cent y-o-y growth in office rentals, followed by Delhi-NCR at 14th rank, which remained stable during the period. Jakarta was in the second position with a 10.90 per cent growth in office rent. Taipei stood at fourth rank with a 5.50 per cent increase in rent, followed by Singapore with a 5.3 per cent rise, Brisbane with a 3.9 per cent appreciation and Seoul with a 3.7 per cent rise. Sydney ranked 8th with a 3.40 per cent rent increase, while Perth was at 9th position with 2.4 per cent rental growth and Shanghai at 10th rank with 1.9 per cent ...

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

Office space demand can translate into high returns, say experts

Oversupply, poor maintenance can, however, play spoilsport

Rs 23,380 cr needed to upgrade grade A offices in four metros: JLL report

These four cities are also the biggest office markets in India, holding 569 million sq ft, or 77% of the total Grade A office stock of 740 mn sq ft situated in the country's top seven cities

BHIVE Workspace completes 1 mn sq ft of shared office space in Bengaluru

Newest facility spread across 23,000 sq ft and with 700 seats comes up at Whitefield

Office space net absorption expected to reach pre-pandemic levels: experts

While tier-1 remains the key demand driver, there is considerable interest in tier-2 cities due to improved infra and the prevalence of hybrid working model

Office space leasing activity up 66% YoY in Jan-Sept of 2022: CBRE report

Benguluru, Delhi-NCR and Chennai led the space absorption, together accounting for 62% of total transaction activity in the first nine months of the Calendat year

Net office space leasing jumps 2 times during January-September in 7 cities

Net leasing of office space jumped over 2-fold in January-September across top seven cities to 30.26 million square feet, but is unlikely to breach the pre-COVID level this year, according to JLL India. Net leasing stood at only 14.63 million square feet in the corresponding period of the last year across seven major cities, as the demand was adversely impacted because of the COVID-19 pandemic and lockdowns. With the opening up of the offices and the overall economy, the demand for workspace has bounced back. Nevertheless, the net office leasing is unlikely to cross the record absorption achieved in 2019 -- the pre-COVID year -- at 47.9 million square feet. Net absorption is calculated as the new floor space occupied less the floor space vacated. Floor space that is pre-committed is not considered to be absorbed until it is physically occupied. As per the JLL India data, the net leasing of office space in Bengaluru rose 45 per cent in January-September to 7.84 million square feet

WeWork India takes on lease 362,000 sq ft office space in Bengaluru

Co-working major WeWork India on Thursday said it has taken on lease 3.62 lakh square feet office space in Bengaluru as part of its expansion plan amid rising demand for flexible workspace. In 2017, WeWork Global had partnered with Bengaluru-based Embassy Group to enter the Indian market. WeWork India currently has over 5 million square feet of portfolio across 40 locations in Delhi-NCR, Mumbai, Bengaluru, Pune and Hyderabad. In a statement, WeWork India said it has taken on lease 3.1 lakh square feet at 'Kalyani Roshni Tech Hub' and 52,000 square feet at 'Embassy One'. Set to open in December this year, Kalyani Roshni Tech Hub is located at Outer Ring Road and houses over 5,000 desks spread over eight floors. Embassy One building is strategically located between two key business districts on Bellary Road with a capacity of over 600 desks across two floors. WeWork India has entered into an operator model at Embassy One. On the other hand, Kalyani Roshni Tech Hub has been leased in

Office transactions record 29% YoY growth during Q3: Knight Frank India

As per the data, transaction volumes for offices have gone up but the rental levels have also stabilised or grown in YoY and sequential terms across all markets.

From traditional cubicles to smart cabins, co-working is back with a bang

Demand fuelled by hybrid work models, digital nomads, post-Covid urban loneliness

Office space absorption to touch 53-57 mn sq ft by 2022-end: Report

According to the CBRE research, Q3 2022, 73% of workplaces allow for hybrid working, 18% allow for office only and 6% for remote only

Co-working space demand rises in H1 even as IT sector share dips

Average monthly office rentals rise across cities, highest in NCR and Hyderabad at 5%

Embassy REIT has delivered 50% total returns since listing: Vikaash Khdloya

"Our overall philosophy on co-working has been that it is an amenity for our business parks and occupiers", said Khdloya

The WFH-WFO faultlines

The problem is that the notion that WFH equals less pay and perks has been hardwired into corporate thinking