Coworking

Coworking firms take on lease 3.1 mn sq ft office space in Jan-Mar: CBRE

Leasing of office space by co-working centre operators grew 7 per cent to 31 lakh square feet during the January-March period across nine major cities amid rising demand for flexible workspaces from corporates, according to CBRE. Co-working firms had taken on lease 29 lakh square feet of office spaces from property owners in the year-ago period. In its latest report on the Indian office market, real estate consultant CBRE noted that flexible operators became second largest contributor to the total gross demand for office spaces during the quarter ended March 2024. Flex space operators took on lease 22 per cent of the total gross office leasing of 144 lakh square feet during the January-March period this year. Flexible space operators take on lease office spaces from real estate developers and then sub-lease the areas mainly to domestic and global corporates. Delhi-NCR, Chennai, and Bengaluru were the most preferred cities for the flex operators. Technology companies directly taki

AltF Coworking starts 2 centres with 1,600 office desks in Noida, Gurugram

AltF Coworking has started two new centres with a total capacity of nearly 1,600 desks in Noida and Gurugram as part of its expansion plan amid rising demand for flexible workspace from corporates. The company has signed up 1.5 lakh square feet area in a office building at Sector 142, Noida, having a total capacity of around 3,000 desks. It has already made operational 970 seats from the beginning of this month and will open the rest in the coming months. AltF Coworking has also started a new centre on Golf Course Road in Gurugram, comprising 600 seats and 25,380 square feet area. The company provides managed office space, mainly to startups and SMEs. Sarthak Chhabra, co-founder of AltF Coworking, said, "We have opened two new centres in Noida and Gurugram to encash rise in demand of flexible workspace. With the start of these two centres, our total capacity has gone up to 4,700 desks across 10 centres." The company has now 10 centres in Delhi-NCR and out of that six are in Gurugr

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

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%

Co-working firm Awfis gives on lease 64,000 square feet space to WayCool

Co-working firm Awfis on Tuesday said it has given on lease 64,000 square feet office space to agri-commerce firm WayCool. Awfis has leased 64,000 square feet to WayCool across Chennai and Bengaluru. Property consultant CBRE facilitated the leasing deal. Currently, the co-working player has 95 centres and 55,000 seats spread across 13 cities and is soon heading towards the 100 centres milestone before the end of 2021. Today, organizations are on the lookout for solutions that not only offer safety and convenience but also go the extra mile to improve productivity while optimizing costs," Amit Ramani, Founder & CEO, Awfis said. "The commercial real estate sector has proven to be extremely resilient over the last year. With the role of workplace changing, we at CBRE are optimistic that the sector's steady growth will continue in the future as well," said Anshuman Magazine, Chairman & CEO - India, South East Asia, Middle East & Africa, CBRE.

Co-living players eye corporate sector with hybrid accommodation models

Nexus Venture Partners-backed Zolostays is also coming up with custom-made properties for corporates

As work from home takes precedence, shared workspaces get in battle mode

What do you do when your business model is based on professionals sharing workspaces at a time when coronavirus crisis is snowballing?

Coworking centre operators likely to double or treble in 2 years: Anarock

In the coworking space, top seven operators - Cowrks, WeWork India, Awfis, Regus, Smartworks, 91springboard and OYO Workspaces - have more than 350 centres across cities in the country

Flexible workplace demand to increase 5-fold by 2025, says report

Demand for flexible workspace in India is estimated to jump five times by 2025 to 130-140 million sq ft, accounting for one-third of global coworking inventory, according to a report by property consultant Cushman & Wakefield (C&W). The global real estate consultant released its report 'Redefining future workplaces at Workplace Trend Conclave held here on Friday. "The phenomenon of coworking has been the proverbial storm in the teacup for commercial real estate in India," the report said. India is one of the largest flexible workplace markets in the world, the NYSE-listed consultant said. "The rise of millennials has led to the existence of a strong start-up and entrepreneurial culture. They need a workplace that inspires innovation and ideas, offers flexibility in terms of timings and location, while being integrated with technology for communication and collaboration," said Anshul Jain, Country Head & Managing Director-India, C&W. The consultant has estimated the ..

Smartworks Coworking raises $25 mn from Singapore realty firm Keppel Land

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

WeWork India forays into Noida market, to open 3 coworking centres soon

It has taken on lease nearly 1.4 lakh sq ft area from Berger Group, 74,000 sq ft from Logix and around 92,000 sq ft from Advant in Noida for three new facilities

How co-working is renovating traditional office and work culture in India

It's difficult for startups to predict their future growth, and co-working spaces help them scale up much faster