Co-working office spaces in high demand after Covid-19 changes status quo: Report
2 years, 3 months ago

Co-working office spaces in high demand after Covid-19 changes status quo: Report

Hindustan Times  

Demand for flexible office spaces has hit new high post the pandemic, with major companies and businesses including startups now opting for co-working. across the top 7 cities in January-June 2022, the share of co-working spaces stood at 20 per cent. During the same period in 2021, its share was just 6 per cent of net office absorption of a total of 9.33 million square feet. In contrast, the share of the IT/ITeS sector - India's leading office demand driver - declined from 49 per cent in the first half of 2021 to 36 per cent in 2022, the real estate consultant said.

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History of this topic

How coworking spaces are evolving to meet tomorrow's startup needs
1 month ago

How coworking spaces are evolving to meet tomorrow's startup needs

India Today  

You may be surprised to learn that the current landscape of office spaces in India has evolved as a result of the growing startup scene in the country, which is further enhanced by the growing trend of co-working spaces. Today’s young and inventive companies require space that is specifically made for them, and co-working spaces are the ideal solution as …

WeWork to expand footprint in Chennai
6 months, 1 week ago

WeWork to expand footprint in Chennai

New Indian Express  

CHENNAI: After opening an office space in Olympia Cyberspace in Guindy previously, co-working major WeWork India, one of the largest office space providers, has now decided to expand its footprints in Chennai. Karan Virwani, CEO, WeWork India, told reporters that the co-working space company is planning to open another office in DLF Cybercity in Porur by December next year. Stating …

Office vacancy soon to rise as more large companies accept work-from-home norm
1 year, 5 months ago

Office vacancy soon to rise as more large companies accept work-from-home norm

NL Times  

Office vacancy in Amsterdam is already rising, and experts expect the rest of the Netherlands to follow suit as more large companies accept that work-from-home is here to stay. They think the total office space will decrease by 20 to 30 percent in the coming years, predicting that the change will be less dramatic than in the United States, the …

Half of large firms plan to cut office space over next three years: Survey
1 year, 6 months ago

Half of large firms plan to cut office space over next three years: Survey

Hindustan Times  

Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the next three years, underlining the changes set to reshape the commercial real estate market. The rise of hybrid working since the pandemic has heightened concerns about the amount of office space in cities around the world that may be obsolete. “Now that …

India’s co-working spaces are pivoting towards larger corporate houses, and smaller towns
2 years, 7 months ago

India’s co-working spaces are pivoting towards larger corporate houses, and smaller towns

The Hindu  

“Workplaces are becoming location agnostic,” says Santosh Martin, Chief revenue officer of WeWork India, a chain of coworking spaces that has 800 locations across the world, including 36 in India. “Many employees returning to small towns still want an office space to work remotely,” says Vigneshwaran Pitchai, co-founder of Quartr Design, adding that he moved from Chennai to Coimbatore during …

New offices for the hybrid era? Many companies are on board
2 years, 9 months ago

New offices for the hybrid era? Many companies are on board

Associated Press  

— If you build a shiny new office building, will your employees show up to work in it? Another survey done last year by CBRE Group, the world’s largest commercial real estate services and investment firm, showed that 87% of large companies planned to use a hybrid schedule after the pandemic, with workers in the office part of the time. …

'The Address' eyeing giant expansion in 2022
2 years, 11 months ago

'The Address' eyeing giant expansion in 2022

Hindustan Times  

The co-working and managed office spaces sector is emerging as the fastest-growing asset class within the conventional office space sector across the metro and megacities in India. 'The Address' Tapping the immense potential of the co-working space sector, 'The Address' has recently taken a giant leap that further strengthens its position in this rapidly growing business in India. 'The Address', …

COVID-19 pandemic will force 1.8 crore Indians to find a new occupation by 2030, says McKinsey report
3 years, 10 months ago

COVID-19 pandemic will force 1.8 crore Indians to find a new occupation by 2030, says McKinsey report

Firstpost  

Mumbai: COVID-19 will have a lasting impact on labour markets, and as much as 18 million Indian workers will be forced to switch to a newer occupation by 2030 because of the pandemic, a report said on Friday. The impact will be “disproportionately” felt on low-wage workers in retail, food services, hospitality, and office administration, the report by McKinsey Global …

Work from Home Hits Office Demand, Net Leasing of Office Space Dips 44% in 2020: Report
3 years, 11 months ago

Work from Home Hits Office Demand, Net Leasing of Office Space Dips 44% in 2020: Report

News 18  

Net office space leasing fell 44 per cent year-on-year during 2020 to 25.82 million sq ft across seven major cities as corporates deferred their expansion plans and adopted ‘work from home’ policy for employees because of the COVID-19 pandemic, according to a report by JLL India. Net leasing of office space stood at 46.5 million sq ft in 2019 across …

Karnataka Govt Will Not Ask IT Companies to Open Offices, WFH May Continue: Minister
4 years ago

Karnataka Govt Will Not Ask IT Companies to Open Offices, WFH May Continue: Minister

News 18  

The Karnataka government on Thursday said it will not ask IT companies to open office spaces and that the work from home arrangement that is currently in place may continue for a few more months due to prevailing COVID-19 situation. Deputy Chief Minister CN Ashwath Narayan, who is also in-charge for IT and BT department, made it clear that the …

The Covid-19 vaccines will usher the dawn of the true hybrid office
4 years ago

The Covid-19 vaccines will usher the dawn of the true hybrid office

Wired  

Getty Images / WIRED Office workers won’t grind out a full week 9 to 5 at their strip-lit desk ever again. News of three successful vaccine trials will start to unlock re-entry to open-plan workplaces, but after Covid-19 forced white collar employees to mass work from home, employers are accepting homogeneous work habits are over, and the future of office …

What will offices look like in the post-pandemic future? This Hollywood space offers a preview
4 years, 3 months ago

What will offices look like in the post-pandemic future? This Hollywood space offers a preview

LA Times  

Christiane Maertens, founder of DoGoodery, left, in a coworking pod with Evelyn Guerrero at Second Home, a work-share space in Hollywood. “This,” says Silva, “is what architecture might look like post-COVID.” Rohan Silva, cofounder of Second Home, inside one of company’s garden studios. “The spaces are very functional, well proportioned,” he writes, “and very well interrelated around a courtyard that …

Home offices on the rise? Four in five people still go out to work
4 years, 4 months ago

Home offices on the rise? Four in five people still go out to work

Dutch News  

Coronavirus has led to an increase in people working from home, but four in five workers cannot do so because of the limits of the job, national statistics agency CBS said on Wednesday. Some 20% of people now ‘take work home’, compared with between 10% and 15% of workers in 2019, the agency said. ‘We may have under-estimated the number …

Home offices on the rise? Four in five people still go out to work
4 years, 4 months ago

Home offices on the rise? Four in five people still go out to work

Dutch News  

Coronavirus has led to an increase in people working from home, but four in five workers cannot do so because of the limits of the job, national statistics agency CBS said on Wednesday. Some 20% of people now ‘take work home’, compared with between 10% and 15% of workers in 2019, the agency said. ‘We may have under-estimated the number …

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