Tech Layoffs, Economic Slowdown Hamper Office Space Demand In India
The Statesman|April 03, 2023
Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional tech companies in the first quarter of 2023, a report has shown.
Tech Layoffs, Economic Slowdown Hamper Office Space Demand In India

Leasing by flex space operators in Q1 2023 inched closer to that of technology companies for the first time ever, according to the report by Colliers India.

Flex space occupiers leased 2.1 million square feet of space, accounting for 20 percent, a little behind the technology sector's share at 22 percent.

Together, both the sectors accounted for nearly 42 percent of the total leasing across top six cities.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE STATESMANView all
Travis Head backs Rohit Sharma's decision to skip opening BGT Test
The Statesman

Travis Head backs Rohit Sharma's decision to skip opening BGT Test

Australia batter Travis Head has extended his support to Rohit Sharma's decision to skip the opening Test of the Border-Gavaskar Trophy to be with his wife following the birth of their second child.

time-read
2 mins  |
November 19, 2024
Indian top-order set for rejig with Rohit, Shubman set to miss first Test
The Statesman

Indian top-order set for rejig with Rohit, Shubman set to miss first Test

Team India face top order headache with skipper Rohit and opener Gill missing Perth Test

time-read
3 mins  |
November 19, 2024
Australia overpower Pakistan in Hobart contest, sweep T20I series 3-0
The Statesman

Australia overpower Pakistan in Hobart contest, sweep T20I series 3-0

All-rounder Marcus Stoinis' marvellous fifty helped Australia to clean-sweep Pakistan in the three-match T20I series on Monday.

time-read
2 mins  |
November 19, 2024
The Statesman

IOA pledges support to KKFI to host inaugural Kho Kho World Cup

India is set to host the inaugural Kho Kho World Cup at the IGI Stadium here from 13 to 19 January, marking a landmark moment in the world of traditional sports.

time-read
1 min  |
November 19, 2024
Champions Trophy 2025: PCB chief expresses willingness to talk to BCCI to break deadlock
The Statesman

Champions Trophy 2025: PCB chief expresses willingness to talk to BCCI to break deadlock

Reiterating its stance of not using a hybrid model for the upcoming 2025 ICC Champions Trophy, Pakistan Cricket Board (PCB) president Mohsin Naqvi on Monday said he still retained \"positive expectations\" about the tournament, and added that he is willing to speak to the BCCI to break the deadlock that arose after the Indian board refused to send its team to Pakistan, citing security concerns.

time-read
2 mins  |
November 19, 2024
Blow for Arsenal as Trossard gets injured on national duty
The Statesman

Blow for Arsenal as Trossard gets injured on national duty

Arsenal manager Mikel Arteta faces yet another selection headache as Leandro Trossard was forced off with an apparent injury during Belgium's Nations League clash against Israel.

time-read
1 min  |
November 19, 2024
Jannik Sinner defeats Taylor Fritz to win ATP Finals, reaches historic landmark to end superb season on memorable note
The Statesman

Jannik Sinner defeats Taylor Fritz to win ATP Finals, reaches historic landmark to end superb season on memorable note

Jannik Sinner made history in the ATP Finals by becoming the first Italian champion in the tournament's 55-year history following his comprehensive victory over Taylor Fritz.

time-read
2 mins  |
November 19, 2024
ISL: U nperturbed bypressure,Ayush Chikkam eyes main role for Mumbai City
The Statesman

ISL: U nperturbed bypressure,Ayush Chikkam eyes main role for Mumbai City

Mumbai City FC, the defending champions of the Indian Super League (ISL) Cup, are known for nurturing and bringing in young talent through their ranks.

time-read
2 mins  |
November 19, 2024
The Statesman

Inclusive workplaces start in the classroom: How business education can foster diversity

Diversity is a word that has been talked about for quite a long time now; if we understand diversity, it in simple terms is visible and invisible traits that result in broader experiences among humans and the living.

time-read
2 mins  |
November 19, 2024
WOmen'S Asian Champions Trophy: India gear up for Semifinal Witn Japan
The Statesman

WOmen'S Asian Champions Trophy: India gear up for Semifinal Witn Japan

After ploughing through opposition defences during group stage, hosts face tactically strong Japan in last four clash

time-read
2 mins  |
November 19, 2024