EMEA Flex Space Market Review for Q1 2024
- Reports
- May 1, 2024
OYO-backed co-working firm Innov8 has sold a 3% stake at a ₹1,000 crore valuation to fuel expansion plans. The Raymond Family Office led the investment round, acquiring nearly 2%. With over 90% occupancy and 30+ centres, Innov8 aims to reach 100 centres by year-end amid rising demand for flexible workspaces.
READ MORESumadhura Group has launched its coworking brand ‘Workship’ with a 1.3 lakh sq ft centre in Bengaluru’s Whitefield. Targeting corporate clients, the firm plans to expand to 5 lakh sq ft this fiscal. The move taps into rising demand for premium managed workspaces across IT, agri-tech, and pharma sectors.
READ MOREFlexible workspaces are rapidly becoming the preferred choice for Global Capability Centres (GCCs) in India. By offering scalable, cost-efficient, and hybrid-friendly environments, they empower GCCs to expand swiftly, engage top talent, and adapt to evolving global demands—all while optimizing operational efficiency and reducing real estate overheads.
READ MOREUK-based coworking giant IWG is expanding rapidly in India, introducing its premium brand Signature with luxury amenities. Targeting Tier II and III cities, the company plans to open 40–50 new centres by 2025 and quadruple its footprint in 3–5 years, driven by rising demand in India’s flex space market.
READ MOREIndia’s coworking sector is evolving rapidly, driven by hybrid work, PropTech innovation, ESG priorities, and expansion into Tier 2 and 3 cities. As large enterprises embrace flexible spaces, traditional offices are being reimagined. Innovative, sustainable, and adaptable workspaces are shaping the future of commercial real estate nationwide.
READ MOREThis article provides a roadmap for aspiring community managers in the coworking industry, outlining key career stages from entry-level roles to executive positions. It highlights the importance of operational expertise, soft skills, leadership, and strategic thinking, offering insights into the path of career growth and community-building success.
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