Offices after covid: Wider hallways, fewer desks – ET RealEstate

Representative Image GRAND RAPIDS: The coronavirus already changed the way we work. Now it’s changing the physical space, too. Many companies are making adjustments to their offices to help employees feel safer as they return to in-person work, like improving air circulation systems or moving desks further apart. Others are ditching desks and building more […]

Office space provider IWG to shut more underperforming centres – ET RealEstate

BENGALURU: Office space provider IWG on Tuesday signalled that it will shut more underperforming centres as the market recovery from the coronavirus pandemic was taking longer than anticipated, but said it was seeing increased demand for hybrid work. The pandemic has caused a radical change in the office space sector as employers opt for shorter […]

Net absorption of office spaces declines 45% in 2020: Report – ET RealEstate

NEW DELHI: The office market in India reached its peak in 2019, with net absorption of Grade A spaces crossing 46 million sq ft and new completions breaching the 50 million sq ft mark. In 2020, the net absorption of office spaces was 25.5 million sq ft, registering a 45 per cent drop while new […]

Net absorption of office spaces dips 44% in 2020: JLL India – ET RealEstate

NEW DELHI: In 2020, the net absorption of office spaces in top seven cities dipped by 44% when compared to 2019, according to JLL India. In 2019 the net absorption crossed 46 million sq ft while in 2020 it has reached about 25.82 million sq ft. In the Jan-March 2020 quarter the net absorption was […]