• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
Switch Now to OfficeRnD Flex and Keep 2023 Pricing
Home News

Savills India Anticipates Drop In Coworking Leases

Aayat AlibyAayat Ali
November 30, 2020
in News
Reading Time: 1 min read
A A
DDI
Share on FacebookShare on TwitterShare to Network
Switch Now to OfficeRnD Flex and Keep 2023 Pricing

A new report from Savills India has found that leasing from coworking operators is expected to drop 58% year-on-year due to corporate demand for flexible space falling.

The report revealed that leasing will tumble to 3.4 million square feet across six of India’s major cities of Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai and Pune, compared to 8.1 million square feet last year.

Oyster - Book a Demo

Despite this huge drop in leasing activity, Savills still expects numbers to slowly grow over the next two years as the industry begins to recover from the ongoing pandemic.

In fact, coworking takeup is expected to rebound around 15% in 2021, which is similar to 2019 numbers, and 25% in 2022.

“Over the years, shared office space has emerged as a separate asset class, bringing significant cost-advantages to occupiers,” said Arvind Nandan, research and consulting at Savills India MD. “However, we believe that flexible workspaces will reinvent and reposition themselves, emerging stronger on the other side of the pandemic.”

Tags: daily_digest
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

No Result
View All Result
Yardi Kube IT Management
FlexJobs logo
Later - Turn followers into customers
1Password - Start Today

Latest News

Surge In Visa Applications Is Reshaping Global Work And Travel Trends

Surge In Visa Applications Is Reshaping Global Work And Travel Trends

December 6, 2023
Overtime Mythbusting: More Hours Don't Mean More Productivity

Overtime Mythbusting: More Hours Don’t Mean More Productivity

December 6, 2023
“Remote Jobs" Dominates 2023 Google Searches, Signaling Lasting Workforce Transformation

“Remote Jobs” Dominates 2023 Google Searches, Signaling Lasting Workforce Transformation

December 6, 2023
Front-Line Employees Value Flexible Schedules Over Remote Work

Front-Line Employees Value Flexible Schedules Over Remote Work

December 6, 2023
Lamborghini Drives Change In Europe With Move To Four-Day Work Week

Lamborghini Drives Change In Europe With Move To Four-Day Work Week

December 6, 2023
IWG Sets $1 Billion Profit Target, Spearheading the Hybrid Work Revolution into 2024

IWG Sets $1 Billion Profit Target, Spearheading the Hybrid Work Revolution into 2024

December 5, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00