Page 9 - Office Spaces

WeWork India expects 25% growth in revenue for 2020 despite Covid-19

WeWork India, which is owned by Bengaluru-based realty firm Embassy Group, has 34 centres comprising 60,000 desks across six major cities

Silver lining for an office property market hit hard by the pandemic

While there has been a significant decline in sales sequantially and annually, rents are holding in top markets, says one study

Smartworks takes 600,000 sq ft offices on lease in Mumbai, Pune, Hyderabad

Firm currently has 31 co-working centres, with 60,000 seats and 4 min sq ft across nine cities.

Mindspace REIT gains 10% on debut, units worth Rs 800 cr change hands

Hits an intra-day high of Rs 307 and a low of Rs 300 on NSE, before closing at Rs 303 a unit

Embassy Office Parks REIT to invest Rs 1,500 cr to develop office spaces

This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses

Japan's Fujitsu to halve office space in three years citing 'new normal'

The IT solutions company said its roughly 80,000 group employees in Japan would work flexible hours, and work-from-home would be standard wherever possible

Office space leasing dips 36% in Jan-June across 7 top cities: Colliers

Majority of the deals expected to take place in the second quarter of 2020 were pushed to subsequent quarters, or are being reconsidered

Covid-19 impact: MNCs strike big rental deals despite work from home push

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

Office leasing may slip 30% in 2020; rentals to stay stable: JLL India

On residential real estate, JLL India CEO said the housing sales have improved of late but it was only 30 per cent of the pre-Covid-19 level

The office stays: How commercial real estate will survive Covid-19 crisis

Companies can't make work-from-home a permanent feature of their business. India's commercial real estate market will do well despite the pandemic, writes Anshuman Magazine

Embassy Office Parks REIT to gain from Covid-19 situation, says CEO

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

Wearing face masks made compulsory in public, work spaces of Bengaluru

Wearing of masks have been made mandatory in several cities in the backdrop of spread of the coronavirus.

Covid-19: Demand for disinfectant tunnels grows as malls, offices, line up

Disinfectant tunnels are becoming one of the most in-demand commodities in the post-Covid-19 world with malls, offices, banks, shops all lining up to install the structure at their entrances

Lockdown 2.0: Office space leasing sees 37% fall on coronavirus outbreak

Companies deferred their decision to hire workspace amid global economic slowdown caused by Covid-19, according to Cushman & Wakefield.

Net office space leasing may fall 14% in 2020 on lower supply: JLL India

During 2019, the net office space leasing rose by 40 per cent to an all-time high of 46.5 million square feet as against 33.2 million sq ft in 2018.

Office space leasing at record 10.82 mn sq ft in Delhi-NCR in 2019: Report

Delhi-NCR's share in total net office space leasing and new supply across seven major cities stood at 23 per cent and 26 per cent, respectively

Office rentals in Chennai to go up on supply crunch

Industry leaders say segment needs impetus from govt to develop new IT space to meet challenge

Office sharing venture My Place to invest Rs 25 crore in North India

The office space leasing start-up plans to set up 12 co-working centres in the next 12 months

Office space absorption may touch record 42 million sqft this year: Report

At the same time, going by the new launches during H1 2019, which stood at 24.3 million sqft as against 21 million sqft in H1 2018

Office leasing increases by 36% to 31.8 million sq ft in H1 this year: CBRE

According to the data, Bengaluru, Hyderabad, NCR and Mumbai accounted for about 80 per cent leasing of office space during the first six half of this calendar year