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Office space leasing across India s six major cities likely to grow 22% in 2021, says report
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Office space leasing across India s six major cities likely to grow 22% in 2021, says reportBy
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Of the major cities, the country’s financial capital Mumbai is likely to post the highest on-year growth in leasing activity at 5.5 million sq ft in 2021 against 2.9 million sq ft absorption clocked in 2020.
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Office space absorption across India’s six major cities is expected to touch 41.3 million sq ft in 2021 marking a growth of 22% from last year despite the disruption caused by the pandemic in the last few quarters, said international property consultant Savills India.
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Savills brings workspace platform Workthere to India
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Mumbai (Maharashtra) [India], January 26 (ANI/PRNewswire): International real estate advisor and property consultants Savills India have announced the launch of Workthere in India.
Workthere is a brokerage-backed online listing platform (https://www.workthere.com/en-in/), for flexible, co-working and managed office spaces, across geographies.
Launched in 2017, Workthere is now operational in the UK, Unites States, Germany, France, Spain, Ireland, Netherland, Singapore and Vietnam.
In India, Workthere will be a unique platform, focused exclusively on flexible spaces and one that is owned and operated by a full-service real estate services company. It will be free to use for operators of flexible offices, and also for companies and individuals seeking to use such spaces.
Opinion | Co-working spaces - Reinventing Indian office market in pandemic times
Flexible office space solutions have emerged as a separate asset class and have grown from 5% in 2016-17 to almost 15% in 2019. Photo: Ramesh Pathania/Mint
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Naveen Nandwani
Managed office spaces, a concept popular initially among start-ups, is witnessing an increased preference by mid-sized organisations as well as large corporations
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Office spaces have been undergoing a series of transformations over the last few years. Evolving needs are changing the way offices look. The need for collaboration has transformed 120-150 square feet cabins into agile workspaces, need for more employees has led to the development of open office spaces and need for flexibility has given rise to coworking spaces.