Co Working

The first global franchise of WeWork Inc, once a global poster child of the startup world, has faced many headwinds due to WeWork’s internal problems that eventually led the parent company to bankruptcy in 2023.

Budget 2025: Easier loans for seniors, and ease of doing business for startups, needed to boost senior housing and co-working space segments

Despite projections of high demand for senior living in India in the coming years, penetration remains low. Experts say that relaxed mortgage plans and lower taxes and stamp duty can help push demand for a fast emerging sector

AWFIS Space Solutions IPO: Should you subscribe to this workspace solutions provider?

The company seeks to raise funds for expansion and technological enhancements to win India’s booming co-working space market

At 27%, Mumbai witnesses highest co-working rental growth since FY20 followed by Gurugram: Report

An Anarock report said that coworking contributed 18 percent of total office supply in top 7 cities’ office leasing market in the current financial year. In terms of the new supply, 34 msf of fresh co-working stock has been added since 2017 till date across key coworking cities

Gross absorption of office space touches 14.6 mn sq ft in Apr-Jun 2023: Colliers

Technology, engineering and manufacturing sectors dominated office leasing activity, contributing 47 percent of the total

Incuspaze to triple its managed office space portfolio; eyes Rs 180 crore revenue by 2025

The company plans to add 1.3 million square feet of flex office space in Bengaluru, Chennai, Jaipur and Delhi-NCR with a revenue potential of Rs 12-15 crore per month.

EFC India plans to almost triple office space capacity to 60,000 seats

The institutional segment accounts for 65 percent of the company’s billed seats

Flex office spaces major game changers for commercial sector in Bengaluru, but to grow cautiously

Colliers data suggested that the tech city added 50,000 seats last year and 12,500 between January and March 2023, thus growing at a stable rate.

Awfis plans to add 1,000 seats in Bengaluru, Hyderabad

The company announces a strategic partnership with Nuziveedu Seeds to develop 70,000 sq ft of office space

Technology companies occupy half of total flex space in India: report

As economic uncertainties force businesses across the world to defer decisions on taking up office space, in India they are turning to flex space.

Flex space operators leased 2.9 million sq ft in Delhi-NCR in 2022: JLL report

Most of the demand was from enterprises looking for customised flex spaces with a focus on end-to-end amenities and workplace management. As work-from-office accelerates, the flex spaces segment will continue to see healthy demand in large markets, the report said.

Google takes up more than 100,000 sq ft of co-working space in Pune for three years 

It’s the latest in a series of lease agreements signed by Google, which In February leased over 2.9 million sq ft of space in Bengaluru through six separate deals. 

Co-working share in office space touches 8.2 msf in Q12023, up by 13% from 2019: Report

Bengaluru and NCR accounted for 66 percent of net coworking absorption in Q1 2023. In IT/ITeS-driven cities like Bengaluru, Chennai and Pune, the relatively low vacancy levels in Grade A offices have spurred the demand for co-working spaces, the report said.

The Executive Centre to add four new flexible workspace facilities in India in 2023

This would take the office space footprint to 1.4 million sq ft, the company said

Colliers India transacts 100,000 sq.ft. of office space for Tablespace in Pune ​

Co-working space is emerging as a preferred option for businesses across industries in the post-pandemic era, given the flexibility and cost-effectiveness it offers.

WeWork India opens new 96,000-sq ft co-working space in Pune

Developed by K Raheja Corp, WeWork has leased the entire building, Raheja Woods IT Tower, comprising five floors, with a seating capacity of 1,500.

Awfis launches new co-working centre in Kolkata spread over 13,000 sq ft

The new centre is located at Rashbehari Connector close to E.M. Bypass and will add 13 centres to the company's co-working portfolio in Kolkata.

Apple renews lease for 52,000 sq ft of office space in Bengaluru @Rs 1.42 crore per month

It has also paid a licence fee of 71.19 lakh and a security deposit of Rs 4.58 crore. The deal is evidence of Apple’s growing presence in India

Bengaluru tops Grade-A flexible stock list in Asia Pacific region

India continues to witness the highest growth in flexi–office market in the APAC region. Shanghai and Beijing rank second and third in top 12 APAC cities with highest flex stock, said the CBRE report  

Real estate trends 2022: Office space absorption may touch 39 mn sq ft; housing sales 200,000 units

In terms of office space take-up, there is a slight decline by tech firms but manufacturing, healthcare, and flex have been the major movers of 2022 and are expected to remain so in 2023, a JLL report said

Hybrid workplace platform GoFloaters raises seed fund; to foray into Madhya Pradesh

The company, functional across over 40 Indian cities, plans to expand to 60-plus cities over the next two months.

Flex operators leased 8.8 million sq ft in 2021-H1 2022: JLL report

Bengaluru took up 36 percent of the total flex stock in the country at 15.74 million sq. ft

Co-working firm Awfis ties up with Nucleus Office Parks to set up 450-desk centre in Mumbai

In a statement, Awfis said it has opened its first premium category centre 'Awfis Gold' in Mumbai.

Flexible space footprint touches 40 million sq ft in FY22

Bengaluru, Pune, and Delhi NCR together account for over 60 percent of the total flex seats leased in FY 2021-22; Flex seat enquiries up 17 percent Y-o-Y in Tier-II cities

Coworking share in office space absorption up eight percentage points in FY22: Anarock

The format has become the most preferred option under the hybrid work model, compared to changing office layouts or the hub-and-spoke model, following three waves of the pandemic