Blog 2 Columns Left Sidebar

Office Space Market Sees Growth in Leasing and Stable Rentals in Q3 FY25 0

India’s office space market recorded 18.61 million sq ft absorption in Q3 FY25, driven by BFSI and flex spaces contributing 39%. Southern cities led with 61% share, Bengaluru dominating at 36%. Vacancy dropped to 14.8%, while Hyderabad led new completions. Despite a 4% dip in construction, rentals remained stable.

Office Space Market Shows Resilience Amid Shifting Trends 0

India’s office space market demonstrated resilience in Q3 FY24, with gross leasing activity rising 17% to 18.61 million square feet despite a 4% drop in new supply. According to a real estate consultant Vestian report, this trend highlights robust demand for prime workspaces in a dynamic and evolving market.

Awfis Space Solutions: IIFL’s Top Bet in Flexible Workspaces 0

Awfis Space Solutions, India’s leading flexible workspace provider, is set to double its capacity by FY27, driven by strong demand and its innovative managed aggregation model. With a ‘buy’ rating from IIFL Securities, Awfis projects a 33% CAGR in seat additions and 55% EBITDA growth, solidifying its leadership in the booming flex workspace industry.

BFSI and Flex Spaces Propel India’s Office Space Demand in Q3 FY24 0
- Industry News
- November 28, 2024
BFSI and flex spaces drove 39% of India’s office space absorption in Q3 FY24, while IT-ITeS demand declined. Southern cities dominated, with Bengaluru leading at 36%. Pan-India vacancy dropped to 14.8%, and new completions rose 3%. Hyderabad topped new supply, reflecting robust growth amid evolving workspace trends and economic resilience.
READ MORE
The Evolution of Coworking Spaces | Empowering India’s Startups 0
- Coworking
- November 28, 2024
Coworking spaces are transforming India’s startup landscape by offering flexibility, cost-effective resources, and vibrant communities that foster collaboration. These spaces enable startups to scale seamlessly, connect with industry peers, and optimise resources for growth. As India’s entrepreneurial ecosystem evolves, coworking spaces drive innovation and business success.
READ MORE
Awfis Expands Portfolio with Premium ‘Elite’ Workspace to Cater to GCCs in India 0
- Workspace Solutions
- November 26, 2024
Awfis introduces ‘Elite,’ an ultra-premium coworking solution designed for GCCs, with exclusive features like biophilic pods and wellness zones. Backed by strong financial growth, Awfis is expanding into metro cities while targeting tier-II markets, revolutionizing India’s coworking landscape with innovation and luxury.
READ MORE

Blog 2 Columns Left Sidebar

Latest Posts

Top Authors

ADMINISTRATOR

AUTHOR

AUTHOR

AUTHOR

About Flex Insights

Address

Email

Latest Posts

Leadership Posts

Subscribe to our newsletter