Page 2 - Office Space

WeWork India turns profitable on top line of Rs 800 crore in Jan-Nov

The flexible office space start-up had entered India in July 2017 through a franchise model with Bengaluru-based property developer Embassy Group

Godrej group PE arm GFM raises $500 mn to build premium office buildings

Godrej group's real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.

'Office space leasing in 7 cities to reach 95% of pre-Covid level in FY23'

The increase in net leasing and steady rental collections, which had not fallen significantly, will ensure that the credit profiles of commercial real estate owners remain stable, Crisil said

Office space leasing falls 4 pc to 25 mn sq ft during Jan-Sep: CBRE

Office space leasing dropped four per cent to 25 million square feet during January-September this year across six major cities due to adverse impact of the second wave of the COVID-19 pandemic, according to CBRE. In its report 'India Market Monitor Market' for the third quarter of the calendar year 2021, CBRE said 13.5 million square feet space was leased during the July-September quarter, up 140 per cent from the previous quarter. "Space take-up of 25 million square feet recorded in 2021 YTD (year-to-date), a marginal drop of 4 per cent year-on-year," the consultant said. Nearly 34.3 million square feet of supply addition witnessed in 2021 YTD, marginally up four per cent year-on-year, it said. Anshuman Magazine, chairman and CEO (India, Southeast Asia, Middle East & Africa) of CBRE, said, "India's real estate market has proven to be resilient over the last year. The overall outlook for the Indian real estate continues to be positive back of an accelerated vaccination drive, ...

LinkedIn allows staff to work fully remote, removes in-office expectation

By Danielle Kaye

Work from home future fades in Asia as companies seek more office space

The firm surveyed 109 companies across the region from industries including real estate, technology and finance between May and June

Office space jumps 75% annually during Jan-Jun across seven cities

Realty firms remain bullish on revival in workspace demand, according to JLL India.

Investors look to US office space, Indian warehouses amid Covid-19

Thanks to Covid disruptions, office and shopping mall rentals are no longer attractive

Office reimagined: In team leaders, soft skills take centre stage

"While leaders are responsible for a better tomorrow, managers are responsible for a better today," says Ashish Ambasta, founder and CEO of HappyPlus Consulting, a tech-enabled HR firm

Office reimagined: Some new work ways may outlast Covid-19 pandemic

Staggered office days, virtual hiring, temporary bosses could be the new normal

Flexible office space stock to grow 10-15% annually over next 3 years

India's flexible office space segment has a total stock of 36 million sq ft currently and is likely to grow 10-15 per cent annually over the next three years on rising demand from corporates

Net absorption of office space plunges 33% in Q1 of Calendar 2021: JLL

Prolonged work from home, rapid pandemic spread cited as reasons for drop

Office space supply in the top metros likely to drag down absorption

Supply may be double of demand by fiscal 2022-2023

Institutional investments record a sharp rebound in 2020, shows data

While more than half of the Rs 36,500-crore investment materialised in the last quarter, limited number deals indicate a narrow-based recovery so far.

Quarterly absorption of office space reaches Q1 levels in Q4CY2020

Hyderabad led the pack with the highest net absorption in Q4CY2020

Office leasing in top 6 cities plunges to 27.4 mn sq ft in 2020: Report

Office space absorption across six major cities in India fell over 50 per cent in 2020, according to a Savills India report

YES Bank takes on lease 62,500 sq ft office space in Noida from Max group

Max group's realty arm Max Estates on Thursday said it has leased 62,500 sq ft of office space to Yes Bank in its commercial project in Noida, Uttar Pradesh. Max Estates is a subsidiary of Max Ventures & Industries Ltd (MaxVIL). In a statement, the company said it has leased about 62,500 sq ft at its commercial project 'Max Towers' in Noida to Yes Bank, which plans to relocate its offices from the Central Business District (CBD) to the new location to rationalize cost. During the last six months, Max Estates has also leased around 25,000 sq ft to Indian Energy Exchange (IEX) Ltd. "The demand for Grade A office spaces has been growing in Noida mainly due to relatively high rentals in Delhi and Gurugram's established office space locations and emerging supply of better quality assets," MaxVIL Managing Director Sahil Vachani said. Max Estates has so far leased around 3,90,000 sq ft at Max Towers, which is located on the Delhi Noida Directway (DND). The company did not share the per .

Coworking player Simpliwork takes 250,000 sq ft leased office space in Pune

Company has delivered 1.2 mn sq ft to clients so far post Covid

Fuelled by demand in southern markets, office leasing rises 64% in Q3CY20

On a yearly basis, the absorption of space has fallen 50 per cent from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20

Covid-19 lockdown impact: Net leasing of office space down 73% in Apr-Jun

Net leasing of office space plunged 73.4 per cent in the April-June period across eight major cities due to sharp fall in demand because of the COVID-19 pandemic, according to Cushman & Wakefield. Net absorption of office space stood at 37.15 lakh sq ft during April-June 2020 as against 139.85 lakh sq ft in the year ago period as corporates and coworking players deferred their expansion plans, the property consultant said. During the first half of 2020, the net office space leasing declined 57 per cent to 110.75 lakh sq ft from 255.48 lakh sq ft in the corresponding period of last calendar year. "The net absorption in the second quarter 2020 stands at 3.72 million sq ft, which is lower by 49.5 per cent on a quarterly basis and 73.4 per cent lower on a yearly basis as fresh transaction activity was muted during the quarter," C&W said in a statement. Also, cities like Delhi NCR and Bengaluru saw negative absorption which also pushed the overall net absorption downwards, it ...