Office space provider Workspace sees occupancy level returning this fiscal year – ET RealEstate

BENGALURU: Office space provider Workspace Group said on Thursday it expects a recovery in occupancy levels in the current financial year as coronavirus-related restrictions ease in the UK and financial capital London opens up for business. Office space providers are gradually recovering after work-from-home policies and the economic fallout from the pandemic hurt their margins […]

IWG says sees ‘unprecedented demand’ for hybrid working options – ET RealEstate

BENGALURU: Office rental firm IWG Plc on Tuesday said it has witnessed “unprecedented demand” for its flexible work products, suitable for a combination of office and remote work that has become the norm during the COVID-19 pandemic. The pandemic has reshaped the office space sector as employers opt for shorter leases and more employees work […]

Incuspaze launches 500-seater capacity office in Kochi – ET RealEstate

NEW DELHI: Incuspaze, a managed office space provider, has launched over 500 seating capacity centre in Kakkanad, Kochi. The new facility was launched in two phases of 300 and 200 seats respectively, the company said in a media release. “Ever since the outbreak of the Coronavirus, companies are demanding more flexible options in CRE, with […]

Office leasing in seven cities falls 48% in Jan-Mar: Report – ET RealEstate

NEW DELHI: Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to […]

The Executive Centre’s south Asia revenue up 18% in H1 2020 – ET RealEstate

BENGALURU: Flexible workspace provider The Executive Centre said its revenue in south Asia rose 18% in the first half of the year to $21 million while occupancy was up to 89% from 87%. Globally revenue was up 5% to $120 million. Total number of workstations occupied as of June 30 increased by 14% compared to […]