Page 2 - Co-working Spaces

Roseate Hotels opens its first co-working centre in Aerocity, has 100 desks

Roseate Hotels & Resorts, which has six hospitality projects in India and the UK, on Sunday said it has forayed into the co-working business with the setting up of its first premium centre in its hotel at Aerocity here. The company has opened its first co-working centre, which is spread over 30,000 sq ft and comprises over 100 desks, at its hotel 'Roseate House' in Aerocity here. The price per desk starts from Rs 60,000 per month. The centre 'Upstage Club' was inaugurated by Amitabh Kant, CEO of Niti Aayog, the company said in a statement. "It is an innovative concept and will encourage more hotels to follow suit. It is a great space for entrepreneurs and will have a multiplier effect for startups," Kant said. Bird group ED Ankur Bhatia said, "This space will help people run their businesses efficiently. It offers a convenient location near the airport and facilities that no co-working space offers in India till now." Bird group owns and operates all the six hotels. It is also ..

Flexible workplace operators lease 52% more office space in Jan-June: CBRE

The total stock of flexible workspace has reached 23 million sq ft

Issues aside, cost efficiency, networking opportunity make co-working work

Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices

OYO forays into co-working spaces with two brands 'Powerstation', 'Workflo'

Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance

Indian flexible space market sees four-fold surge during Jan-Mar 2019: CBRE

In Hyderabad, co-working players leased 0.7 million sq ft space as against nil in the same period last year

Expansion, fund raising consolidate co-working space; PE deals set to grow

Traction in fund raising from PE deals in the co-working space has been such that from $4 million of deals in 2016, PE deals in the year-to-date in 2018 have been over $40 million

IWG leases 50k sq ft from Max Group at Noida for co-working brand 'Spaces'

Founded in 1989, Switzerland-based IWG has 3,300 workplaces/ centres at 1,000 cities in over 110 countries

Can't afford an office on rent? Try co-working spaces, they're much cheaper

You can scale up or cut down your office space based on how your business fares; these workplaces also help build a community and create networks for enterprises

Awfis, CoWrks look for ways to hold attention of their millennial clientele

At present approximately 50% of the client roster of an Indian co-working operator is made up of big corporates

How US firm WeWork uses multi-media campaign to boost co-working places

WeWork offers coworking spaces in three cities including Bengaluru, Mumbai and Delhi-NCR. It has eight facilities with over 10,000 members

Co-working spaces likely to receive $400 mn investments by 2018: Experts

While freelancers are primarily focussed on the cost factor, start-ups and small and medium-sized enterprises focus on cost as well as infrastructure

Absorption of co-working spaces doubles in Mumbai in first nine months

Mumbai accounts for almost 18 per cent of the total number of flexible office locations in the country

Co-working spaces lease large buildings to make room for others

Mumbai, 9 AugustAwfis and Quest Offices, two co-working space providers, have recently taken on lease large office properties in the Bandra Kurla Complex area of Mumbai, according to sources. In January, Wework, the global leader in co-working, had taken on lease 190,000 sq ft in the Sambhav building in Bandra Kurla Complex.Awfis leased 23,648 sq ft in Crescenzo, a commercial office building, in the first week of August. It will pay the higher of the minimum guaranteed initial rent of ~125 per sq ft per month or 42 per cent revenue share to landlord DKJ Shelters. Awfis negotiated a three-month rent-free period in the 60-month lease term. The rent will rise by 9.6 per cent to ~137 per sq ft per month after one year. Additionally, the tenant would pay common area maintenance charges, currently estimated at ~10 per sq ft, sources said. The space is expected to be operational by November 2017. A mail sent to Awfis did not draw any response.In another transaction in July, Quest Offices ...

Statspeak: Co-working growth

JLL research predicts that by 2025, 42% of India's population will be working in its urban spaces

Co-working spaces to grow 50% in 2017, says JLL India chief

In FY17 has seen a massive spike in the growth of the co-working industry

Large firms break barrier to co-work, opt for shared spaces for projects

If a Google or a Facebook employee shares desk with co-worker from an Indian IT service firm, they may perhaps have great ideas. Large companies have started approaching coworking space owners as they look to offer a different work culture for their young employees. At least two major co-working space providers have confirmed that large companies or enterprises are now subscribing to use their workstations. "A person coming from an Indian IT company would come from different work background as compared to someone from Google and that is where such spaces provide excellent scope for reinventing the work-culture," said Abhinav Tandon, co-founder of Creator's Gurukul, an upcoming chain of work spaces. Coworking space providers are making varied initiatives such as expert talk on future of e-retail to engage with workers coming from organisations of different culture. Like WeWork, BHive; Creator's Gurukul is also mulling over a large number of interactive events apart from ...

Looking to build a co-working space at low-cost? Here are the strategies

Pick a location that acts like the nucleus of a city, reports Tech in Asia

Co-working spaces offer substantial cost saving

Suitable for start-ups and businesses with limited staff