Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Flexible office spaces are gaining popularity as the work-from-home trend declines. Offering convenience for employees and cost-effectiveness for companies, these spaces attract large enterprises, startups, and diverse industries, reshaping the modern workplace landscape.
READ MOREAwfis Space Solutions has debuted on the stock market, with shares closing over 9% higher. This highlights the increasing demand for flexible office spaces. The success reflects investor confidence in Awfis’ innovative business model and its strategic presence in India’s key business hubs.
READ MOREIndia’s Q1 2024 office market showed resilience, with gross leasing surpassing 15 million sq ft, marking the second-best first quarter. Domestic occupiers led the demand, particularly in BFSI, Flex, and manufacturing sectors. Rental values rose, and Delhi NCR and Bengaluru dominated leasing activity.
READ MOREAwfis Space Solutions’ shares debuted with a 13% stock market premium following a successful IPO. The proceeds will fund new centres, working capital, and corporate purposes, showcasing investor confidence in the coworking space provider.
READ MOREWeWork’s Chapter 11 bankruptcy plan, approved by a U.S. judge, eliminates $4 billion in Debt. The restructuring reduces rent costs by $12 billion, retains 337 locations, and sees SoftBank holding a minority stake.
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