UK’s Workspace sees some signs of recovery in demand in London – ET RealEstate

Representative Image BENGALURU: UK office space provider Workspace said on Thursday its occupancy in London had started to pick up from pandemic lows, although rents were still under pressure as businesses were in no rush bring all their employees back. The company, which caters mostly to small and medium-sized enterprises and entrepreneurs and last month […]

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 […]

How covid-hit co-working spaces in Noida are wooing clients back – ET RealEstate

NOIDA: Slashed rates, free trials and safety assurances — co-working spaces in the city are going the extra mile to bring back clients or retain existing ones as restrictions have started to ease. Co-working businesses have been among the worst-hit during the pandemic as people have preferred to work from home. Owners, however, feel the […]

Co-working spaces flourish in Kochi during pandemic – ET RealEstate

Representative Image KOCHI: Though the office space market is hit hugely by the Covid pandemic, the coworking space providers are finding an increased demand for small spaces from corporates, who are scaling down their operations either temporarily or permanently in Kochi. “We are getting nearly 25 inquiries every month from the corporates who want to […]

HSBC to switch to flexible workplace policy for all employees – ET RealEstate

LONDON: Banking giant HSBC has axed the plush executive floor at its London headquarters, forcing top brass to share office space with colleagues in a new post-Covid approach, it said Tuesday. Management will lose their private floor at HSBC’s Canary Wharf skyscraper and will hotdesk — or share desk space — with coworkers elsewhere in […]

WeWork India raises Rs 200 crore – ET RealEstate

NEW DELHI: WeWork India has raised Rs 200 crore from investors, through a mix of debt and equity, the company said in a media release. Karan Virwani, CEO, WeWork India, said, “The new capital we have raised will help us in continuing our upwards momentum and truly explore the potential of flexible workspaces in the […]

Flexible workspaces to lease three million sq ft of space in 2021: Report – ET RealEstate

NEW DELHI: During 2021, flexible workspace operators are likely to lease about 3 million sq ft of space across the top six Indian cities, as operators are likely to focus on signing large enterprise-level deals and cut down on speculative centers, according to a recent report by Colliers India. During 2020, flexible workspace operators leased […]

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 […]

Workspace Group swings to loss as customers downsize due to virus crisis – ET RealEstate

Representative Image BENGALURU: Workspace Group on Wednesday swung to a first-half loss and pushed back a decision on full-year dividend as the office space provider struggled with a rise in customers vacating and downsizing due to the coronavirus crisis. Work-from-home policies and the economic fallout from the pandemic have hurt margins for office space providers […]

Flexible space market to cross 50 million sq ft by 2023: Report – ET RealEstate

NEW DELHI: Irrespective of several short-term disruptions and challenges, increased demand from large enterprises, will support the growth of the flex space market to more than 50 million sq ft by 2023, according to a recent report by JLL India. The current market penetration of flex spaces into India’s total office stock stands at 3% […]