Blog - Page 21 of 23 - Flex Insights

The Economics of Co-Working: Cost-Efficiency and Business Growth in India 0
- Coworking
- July 15, 2024
Co-working spaces in India offer cost-efficient solutions for businesses, including flexible leases and opportunities to enhance productivity and collaboration. These flexible workspaces are crucial in supporting business growth, contributing to the commercial real estate sector, and driving economic impact in India’s business landscape, especially with the increasing trend of flexible work arrangements.
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Flexible Office Leasing Hits Record High in April-June Quarter 0
- 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 Chennai 0
- 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 Seats 0
- 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 Expansion 0
- 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 Survey 0
- 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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