Coworking 2.0: Real Estate Blended with Hospitality
- Coworking
- June 24, 2024
MySoho redefines coworking with its asset-light model, focusing on Tier 2 and 3 cities like Jaipur and Lucknow. Partnering with property owners offers premium, flexible spaces without heavy real estate investments. This approach fosters rapid scaling, economic growth, and talent retention while reshaping India’s real estate landscape.
READ MOREIndia’s office leasing hit 89 million sq ft in 2024, led by Bengaluru, Mumbai, and Hyderabad. Net absorption reached 50 million sq ft, driven by IT-BPM, GCCs, and flexible workspaces. Despite tight Grade A supply, demand remains robust, positioning India as a global leader in commercial real estate.
READ MOREIndia’s Global Capability Centres (GCCs) drive demand for co-working spaces, embracing hybrid work models, cost efficiency, and sustainability. With growth expanding to tier-2 and tier-3 cities, co-working spaces offer scalable, tech-enabled, and tailored solutions. This trend opens opportunities for businesses and investors alike, redefining the future of workspaces.
READ MOREIndia’s flex space sector is thriving, with $820M in funding since 2017 and 52.9M sq. ft. leased. Key players like BHIVE and WeWork India are driving growth through IPO plans, innovation, and expansion. Surging demand from startups to SMEs highlights the sector’s pivotal role in reshaping modern workplaces.
READ MORECoworking spaces are transforming India’s startup landscape by offering flexibility, cost-effective resources, and vibrant communities that foster collaboration. These spaces enable startups to scale seamlessly, connect with industry peers, and optimise resources for growth. As India’s entrepreneurial ecosystem evolves, coworking spaces drive innovation and business success.
READ MOREIndia’s coworking sector is booming, driven by hybrid work models, rising office rents, and IPO activity. Awfis, Smartworks, and DevX lead the IPO wave, while expansion into Tier-II and Tier-III cities signals future growth. Flexible workspaces now account for 15% of leasing, with demand projected to grow 60% by 2028.
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