Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Enzyme Office Spaces has leased 14,000 sq ft of managed office space in Mumbai’s Andheri East to SUGAR Cosmetics, providing 300 seats for a five-year term. The deal reflects India’s growing demand for flexible workspaces, with the coworking sector expected to surpass 100 million sq ft by 2026.
READ MOREIndia’s office space market is set for double-digit growth in 2025, with leasing projected to reach 65-70 million sq ft. Bengaluru will lead demand, while Hyderabad and Delhi NCR will grow significantly. GCCs, BFSI firms, and flex space operators will drive expansion, with sustainability and REITs reshaping commercial real estate.
READ MOREIndia’s coworking sector experienced record growth in 2024, with operators renting 2.24 lakh seats across eight major cities, driven by corporate demand for managed offices. Bengaluru led, followed by Pune and Delhi-NCR. As enterprises embrace a ‘Core+Flex’ strategy, flexible workspaces are poised for further expansion.
READ MOREWorkie, a growing flexible office space sector player, has secured funding from Arihant Capital to fuel its expansion. The startup has also acquired Karyasthal Coworking and Antares Business Centre in Indore, strengthening its market presence. Meanwhile, global startup collaborations and financial sector acquisitions are reshaping the industry landscape.
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