Here’s a summary of some of the most important real estate news around the world.
Serviced offices are one of the highest transaction activities in Mumbai
The demand for shared office spaces in Mumbai continues to rise and is set to triple in 3 years. In 2017 there were up to 1.8 million sq ft of coworking spaces, and during the first quarter of 2018, it has outpaced the annual total of 2017. In fact, these spaces represent the highest economic activity in Bengaluru, NCR and Hyderabad markets, contributing 43%, 16%, and 15%, respectively.
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Women coworking spaces in the #MeToo era. Will this trend reign?
Niche coworking spaces for women are the latest trend in the #MeToo era. The Wing, a recognized coworking space, has raised over $40 million from investors (including gigantic WeWork) and has big plans for a global women workplace revolution.
Based on a concept to create a comfortable and supportive environment for women, The Wing is currently valued at $20 billion. This is not a surprise for those who’ve visited this pink sanctuary in any of its locations in New York City, Washington D.C and Brooklyn. That’s without mentioning the big plans for 2019 in Los Angles, San Francisco, Seattle, Toronto, and London.
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Bet on Medical Office Buildings for your next real estate investment
For those who are planning to invest in the real estate industry, Medical Office Buildings are a great option. These are some of the key updates of the sector:
- U.S.A can expect to see about 22 million sq. ft. of medical office space for 2018.
- There’s a high demand for medical office buildings and outpatient care centers, due to the technological advancements that have allowed medical care to be provided in other settings rather than just hospitals.
- In states where there is more land available, like Texas, there is the growing trend of micro-hospitals and freestanding emergency rooms appearing.
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What’s the future for the real estate market? Experts tell us
Which of these scenarios in the retail sector is most likely to take place in the next 12 months?
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