Page 3 - Co-working Spaces

Co-working spaces lease large buildings to make room for others

Mumbai, 9 AugustAwfis and Quest Offices, two co-working space providers, have recently taken on lease large office properties in the Bandra Kurla Complex area of Mumbai, according to sources. In January, Wework, the global leader in co-working, had taken on lease 190,000 sq ft in the Sambhav building in Bandra Kurla Complex.Awfis leased 23,648 sq ft in Crescenzo, a commercial office building, in the first week of August. It will pay the higher of the minimum guaranteed initial rent of ~125 per sq ft per month or 42 per cent revenue share to landlord DKJ Shelters. Awfis negotiated a three-month rent-free period in the 60-month lease term. The rent will rise by 9.6 per cent to ~137 per sq ft per month after one year. Additionally, the tenant would pay common area maintenance charges, currently estimated at ~10 per sq ft, sources said. The space is expected to be operational by November 2017. A mail sent to Awfis did not draw any response.In another transaction in July, Quest Offices ...

Statspeak: Co-working growth

JLL research predicts that by 2025, 42% of India's population will be working in its urban spaces

Co-working spaces to grow 50% in 2017, says JLL India chief

In FY17 has seen a massive spike in the growth of the co-working industry

Large firms break barrier to co-work, opt for shared spaces for projects

If a Google or a Facebook employee shares desk with co-worker from an Indian IT service firm, they may perhaps have great ideas. Large companies have started approaching coworking space owners as they look to offer a different work culture for their young employees. At least two major co-working space providers have confirmed that large companies or enterprises are now subscribing to use their workstations. "A person coming from an Indian IT company would come from different work background as compared to someone from Google and that is where such spaces provide excellent scope for reinventing the work-culture," said Abhinav Tandon, co-founder of Creator's Gurukul, an upcoming chain of work spaces. Coworking space providers are making varied initiatives such as expert talk on future of e-retail to engage with workers coming from organisations of different culture. Like WeWork, BHive; Creator's Gurukul is also mulling over a large number of interactive events apart from ...

Looking to build a co-working space at low-cost? Here are the strategies

Pick a location that acts like the nucleus of a city, reports Tech in Asia

Co-working spaces offer substantial cost saving

Suitable for start-ups and businesses with limited staff