Page 2 - Co-working Spaces

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

Indian flexible space market sees four-fold surge during Jan-Mar 2019: CBRE

In Hyderabad, co-working players leased 0.7 million sq ft space as against nil in the same period last year

Expansion, fund raising consolidate co-working space; PE deals set to grow

Traction in fund raising from PE deals in the co-working space has been such that from $4 million of deals in 2016, PE deals in the year-to-date in 2018 have been over $40 million

IWG leases 50k sq ft from Max Group at Noida for co-working brand 'Spaces'

Founded in 1989, Switzerland-based IWG has 3,300 workplaces/ centres at 1,000 cities in over 110 countries

Can't afford an office on rent? Try co-working spaces, they're much cheaper

You can scale up or cut down your office space based on how your business fares; these workplaces also help build a community and create networks for enterprises

Awfis, CoWrks look for ways to hold attention of their millennial clientele

At present approximately 50% of the client roster of an Indian co-working operator is made up of big corporates

How US firm WeWork uses multi-media campaign to boost co-working places

WeWork offers coworking spaces in three cities including Bengaluru, Mumbai and Delhi-NCR. It has eight facilities with over 10,000 members

Co-working spaces likely to receive $400 mn investments by 2018: Experts

While freelancers are primarily focussed on the cost factor, start-ups and small and medium-sized enterprises focus on cost as well as infrastructure

Absorption of co-working spaces doubles in Mumbai in first nine months

Mumbai accounts for almost 18 per cent of the total number of flexible office locations in the country