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Flexible Office Leasing Hits Record High in April-June Quarter0
- Industry News
- July 10, 2024
India’s flexible office spaces hit a record 2.6 million sq ft leased in Q2 2024, reflecting strong demand despite WeWork’s exit. Mumbai led with a 119% increase. Overall, office leasing rose 19% in H1 2024, with Colliers forecasting continued growth in the sector driven by economic resilience and quality demand.
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PayPal Renews 2.6 Lakh Sq Ft Office Lease in Chennai0
- Industry News
- July 10, 2024
PayPal India renews its 2.6 lakh sq ft office lease for ten years at Futura Tech Park, Chennai. The park, managed by X Office Parks, houses major IT firms. This renewal highlights a resurgence in office leasing post-COVID, with significant activity in Xander’s 11.5 million sq ft portfolio across India.
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Awfis Plans 50% Expansion in FY25, Targets 135,000 Seats0
- Industry News
- July 10, 2024
Awfis Space Solutions aims to expand its portfolio by 50% to 135,000 seats by FY25, focusing on managed office spaces. Deputy CEO Sumit Lakhani highlights a 30% revenue growth target driven by new centre openings and higher occupancy rates. Recent additions include 15,084 new seats in 22 centres.
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WeWork India Appoints Janak Malkani to Lead Managed Office Business Expansion0
- Industry News
- July 9, 2024
WeWork India appoints Janak Malkani as Head of Managed Office to drive expansion. With 18 years of real estate experience, Malkani will lead sales in the West region. WeWork India’s Managed Office portfolio, covering over 2 million square feet, is key to meeting the growing demand for flexible workspace solutions.
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Surge in Demand for Flexible Office Spaces Projected by 2026, Reveals CBRE Survey0
- Industry News
- July 8, 2024
A CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
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Corporates Embrace Flexibility in Hybrid Work Model0
- Industry News
- July 4, 2024
India Inc. is increasingly adopting flexible workspaces, with 58% of companies expected to allocate over 10% of their office portfolios to these spaces by 2026. Domestic occupiers lead this trend, driven by skilled workers and cost efficiencies. Major firms plan significant portfolio expansions, favouring an office-first approach.
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MVN Aero One Mall Leases 3 Lakh Sq Ft to Spring House Co-Working in Gurugram0
- Industry News
- July 4, 2024
MVN Aero One Mall leases 3 lakh sq ft to Spring House Co-Working in Gurugram. This integration of premium co-working spaces within a retail environment offers a dynamic work-life balance. Strategically located on Dwarka Expressway, it features future-ready infrastructure and plans for luxury residential projects, setting new standards in commercial real estate.
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Smartworks Secures Rs 168 Crore For Expansion!0
- Industry News
- July 4, 2024
Smartworks raises Rs 168 crore from investors, including Keppel Limited, to fuel its expansion. With new centres added in major cities, the company now operates 41 centres across 13 cities. Founder Neetish Sarda and Keppel Ltd CEO Louis Lim highlight continued growth and leadership in India’s managed workspace industry.
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The ‘Green Rush’ | Exploring the Drive Towards Sustainable Workspaces0
- Workspace Wellness
- July 2, 2024
The rising demand for green office spaces in India surpasses supply, urging immediate development. Companies seek sustainability for economic and employee well-being benefits, while cities like Mumbai and Delhi face a 55% shortfall by 2030. Green building challenges and financial benefits are highlighted.
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About Flex Insights
theflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
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Vatika towers, Golf course road, Gurgaon
India
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The BFSI Sector's Strategic Embrace of Flexible Office Spaces
- Leadership
- September 12, 2024
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