Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s flex space sector is thriving, with $820M in funding since 2017 and 52.9M sq. ft. leased. Key players like BHIVE and WeWork India are driving growth through IPO plans, innovation, and expansion. Surging demand from startups to SMEs highlights the sector’s pivotal role in reshaping modern workplaces.
READ MOREFlexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.
READ MOREAs we progress through 2024, the flexible workspace sector is poised for substantial growth. Key trends include strategic expansion, occupier-centric models, dynamic pricing, and global interest. Industry expert Paras Arora’s insights reveal how these changes will redefine the workspace landscape.
READ MOREIndia’s festive season boosts demand for co-working spaces as companies and freelancers embrace flexible, collaborative environments. Festive promotions and packages drive occupancy, while companies use this high-energy period for team bonding and client events. Co-working providers aim to convert seasonal users into long-term tenants through engaging offers.
READ MOREFacebook has renewed its Hyderabad office lease in Hitech City for ₹2.8 crore monthly rent across 3.7 lakh sq ft. With a five-year lease and a 15% rent escalation in 2026, this move highlights Hyderabad’s growing appeal. Rising rental rates solidify the city as a prime IT and commercial hub.
READ MOREExperion Developers has leased office space at The Milestone Experion Centre (The MEC) to global brands Bata India and MG Motor India for their new Indian headquarters. The MEC, a sustainable, state-of-the-art facility, offers scalability and eco-friendly design, making it an ideal choice for multinational companies in the NCR region.
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