Flexible workspace leasing rose 73% in Jan-June period

20 Jul 2021 CW Team

Corporates' demand for leasing flexible workspace increased by 73% to 31,538 seats during the January-June period on a year-on-year basis.

Cushman and Wakefield said the total seats leased by enterprises could cross 50,000 during 2021 in its latest report for the workplace market.

In the first six months of last year, enterprises had leased 18,213 seats and 36,255 desks during the entire 2020.

The consultant told the media that in H1, the number of flex seats leased reached 31,538, which is almost 87% of the seats leased during 2020, and the estimate for the current year could likely exceed 50,000 seats. This increase is witnessed mainly due to the preference of enterprises to enjoy the advantages of flexibility and cost optimisation that flex workspaces offer.

Top officials of coworking, and managed office space operators Simpliwork Offices, Smartworks, The Office Pass, and The Executive Centre witnessed that demand for flexible workspace has grown from small, medium, and large enterprises.

Executive Director of India Sotheby's International Realty, Gagan Randev said that the flexible workspaces offer a great office experience which can raise office productivity and also cut the travel time of employees.

Founder of Smartworks, Neetish Sarda, said that the pandemic has forced leading companies to rethink realty needs because of new ways of working and work model making. Companies are eyeing managed and flex spaces as their third alternative workspace heading to the hub.

Group Managing Director of The Executive Centre, Nidhi Marwah, said that the road to recovery is bringing in a surge in companies hybrid working and India has observed an increase in demand for the flexible workspace industry.

CEO and Founder of Simpliwork Offices, Kunal Walia, said that every large organisation looking for additional space today has an important preference towards flexible enterprise workplace providers.

Recently, WeWork India announced that it has leased 17,000 sq ft office space to US-based technology firm 3M's Indian subsidiary in Bengaluru.

Image Source

Also read: Hiranandani Group to develop 2 million sq ft office at Rs 1,000 cr

Also read: Commercial real estate investments at $1.35 bn in Q1 FY21

Corporates' demand for leasing flexible workspace increased by 73% to 31,538 seats during the January-June period on a year-on-year basis. Cushman and Wakefield said the total seats leased by enterprises could cross 50,000 during 2021 in its latest report for the workplace market. In the first six months of last year, enterprises had leased 18,213 seats and 36,255 desks during the entire 2020. The consultant told the media that in H1, the number of flex seats leased reached 31,538, which is almost 87% of the seats leased during 2020, and the estimate for the current year could likely exceed 50,000 seats. This increase is witnessed mainly due to the preference of enterprises to enjoy the advantages of flexibility and cost optimisation that flex workspaces offer. Top officials of coworking, and managed office space operators Simpliwork Offices, Smartworks, The Office Pass, and The Executive Centre witnessed that demand for flexible workspace has grown from small, medium, and large enterprises. Executive Director of India Sotheby's International Realty, Gagan Randev said that the flexible workspaces offer a great office experience which can raise office productivity and also cut the travel time of employees. Founder of Smartworks, Neetish Sarda, said that the pandemic has forced leading companies to rethink realty needs because of new ways of working and work model making. Companies are eyeing managed and flex spaces as their third alternative workspace heading to the hub. Group Managing Director of The Executive Centre, Nidhi Marwah, said that the road to recovery is bringing in a surge in companies hybrid working and India has observed an increase in demand for the flexible workspace industry. CEO and Founder of Simpliwork Offices, Kunal Walia, said that every large organisation looking for additional space today has an important preference towards flexible enterprise workplace providers. Recently, WeWork India announced that it has leased 17,000 sq ft office space to US-based technology firm 3M's Indian subsidiary in Bengaluru. Image Source Also read: Hiranandani Group to develop 2 million sq ft office at Rs 1,000 cr Also read: Commercial real estate investments at $1.35 bn in Q1 FY21

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..