office space

WeWork to exit bankruptcy after judge approves restructuring plan

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WeWork to exit bankruptcy after judge approves restructuring plan

A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of lenders and real estate technology company Yardi Systems. Flexible workspace provider WeWork expanded at breakneck speed, opening its first location in … Read more

Office Space Demand Likely at 50-55 Mn Sq Ft This Year Across Top-6 Cities: Report

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Office Space Demand Likely at 50-55 Mn Sq Ft This Year Across Top-6 Cities: Report

India’s office space demand is likely to breach the 50 million square feet mark for the third consecutive time in 2024, firmly establishing the new benchmark in commercial real estate. (Representative image) In a realistic scenario, the gross leasing of Grade-A office space is estimated at 50-55 million square feet this year across these six … Read more