Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
COWRKS has leased 1.4 lakh square feet of office space in Mumbai and Bengaluru, enhancing its footprint to 15 lakh square feet. The new centres cater to the growing demand for flexible workspaces featuring modern designs and amenities. COWRKS now operates 34 centres across six cities.
READ MOREIndia’s coworking industry thrives as hybrid work drives demand, with flexible workspaces accounting for 21% of commercial real estate transactions in 2024. Delhi NCR leads with 92% occupancy, while players like Collative report 70% in South Delhi. Coworking spaces now support events, collaboration, and networking, poised for 30% growth by 2025.
READ MOREIndia’s coworking sector has doubled in demand over four years, with major cities like Bengaluru and NCR leading the surge. Flexible, cost-effective coworking spaces are increasingly preferred post-pandemic, driving significant commercial real estate absorption growth.
READ MOREExplore the transformative role of coworking spaces in shaping the future of work. Discover the flexibility, networking opportunities, and innovative solutions driving the evolution of workspace culture.
READ MOREIndia’s coworking sector hit a record high in 2024, leasing 125 lakh sq ft of office space—44% more than in 2023. Driven by demand for flexibility and cost-efficiency, major cities like Bengaluru and Mumbai lead growth. Experts predict further expansion, with flex spaces becoming strategic assets for businesses adopting hybrid work models.
READ MORESeveral coworking companies, including WeWork India, SimplWork Offices, and TableSpace Technologies, are preparing IPOs following Awfis’ successful listing. Investor interest is driven by the coworking sector’s strong growth, asset-light model, and profitability. Private equity investments and acquisitions are accelerating the industry’s transformation into managed office spaces for large corporations.
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