Positive News Today

Positive News Today
Energy Events

Flexi office space provider Inspire Co-Spaces takes up 1.6 lakh sq ft space in Navi Mumbai

January 7, 202109
Share0


NEW DELHI: Flexi office space provider Inspire Co-Spaces has taken up 1.6 lakh sq ft space at Rupa Renaissance, a grade-A building inNavi Mumbai, a senior company executive said.

The company already has four centers with the capacity of 1700 seats in Andheri, Goregaon, Belapur, and Thane.

The 5th center located at Juinagar, Navi Mumbai will have over 3500 seats across three floors.

The coworking operator intends to focus on pan India expansion mainly, Pune, Hyderabad and Chennai along with tier 2 cities like Ahmedabad, Indore, Kochi, Chandigarh and Ranchi.

“Our focus is now on pan India growth in 2021, before exploring international markets in 2022,” said Amit Sathe, Co-founder & CEO ofInspire Co Spaces.

The transaction was facilitated by global property consultancy firm Savills India.

In the first phase, Inspire Co-Spaces will fit-out 50,000 sq. ft. and the remaining space will be tailor-made and fitted out as per the client’s requirement in the next 6 to 12 months.

“Co-working segment as an asset class is here to stay, and the pandemic has proved that. With the growth of Indian commercial real estate and increasing preference of “hub and spoke,” the co-working segment fits well for occupiers who are increasingly looking for flexibility and agility in this changing environment,” said Bhavin Thakker, MD, Mumbai & Head of Cross Border Tenant Advisory, Savills India.

According to the latest report by Savills India, over 3,000 coworking centers across the country are likely to offer approximately one million desks by 2022, and overall leasing by co-working operators is expected to increase by 42% in 2021.

The international property consultancy firm is also gearing up to launch a marketplace platform for co-working office providers to anticipate the growing demand for flexible office space.

(Catch all theBusiness News,Breaking NewsEvents andLatest NewsUpdates onThe Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Source

Share0
previous post
Delhi High Court rules Amazon’s attempt to control Future violative of FEMA FDI
next post
Coronavirus vaccine will be equally effective against new mutant of coronavirus: CSIR DG

Related posts

Open up offshore windfarm subsidy scheme, urges Scottish Power

TheEarthLabAugust 4, 2020

RMZ divests 18% of their real estate assets worth $2 billion to Brookfield

TheEarthLabDecember 13, 2020

PSU employees may be able to buy more shares of their cos

TheEarthLabNovember 21, 2020
Click to comment

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • World’s First All-Civilian Mission to Space Will Usher in New Era While Raising Money for St. Jude’s
  • Unichem Laboratories gets USFDA nod for plaque psoriasis treatment drug
  • Mahindra Lifespace to invest Rs 500 cr in new housing project in Pune
  • OPINION: India’s wait for virtual Power Purchase Agreements
  • There’s One Big Problem With Electric Cars

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020

Subscrible

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • News
  • Projects
  • About
  • Contact
  • TV Pitch
FacebookTwitterInstagram
@2020 - thelab.earth. All Right Reserved.
theLAB.earth
  • Global
    • Global News
    • Global Media
    • Global Events
    • Global Projects
  • Energy
    • Energy News
    • Energy Media
    • Energy Events
    • Energy Projects
  • Water
    • Water News
    • Water Media
    • Water Events
    • Water Projects
  • Human Kindness
    • Human Kindness News
    • Human Kindness Media
    • Human Kindness Events
    • Human Kindness Projects
  • Projects
logo
  • Global
    • Global News
    • Global Media
    • Global Events
    • Global Projects
  • Energy
    • Energy News
    • Energy Media
    • Energy Events
    • Energy Projects
  • Water
    • Water News
    • Water Media
    • Water Events
    • Water Projects
  • Human Kindness
    • Human Kindness News
    • Human Kindness Media
    • Human Kindness Events
    • Human Kindness Projects
  • Projects
@2020 - thelab.earth. All Right Reserved.
FacebookTwitterInstagram