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- Industry News
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Kolkata Office Leasing Soars 33% in Q2 20240
- Industry News
- July 22, 2024
Kolkata’s office space leasing surged 33% in Q2 2024, reaching 0.4 million sq ft, driven by the tech and BFSI sectors. H1 2024 saw a 23% rise in office transactions and a 6% rent increase. Despite recent stamp duty changes, residential sales grew 25%, with 9,130 units sold.
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Incuspaze Leases 5.8 Lakh Square Feet in Gurugram Amid Rising Demand for Flexible Workspaces0
- Industry News
- July 19, 2024
Incuspaze leases 5.8 lakh sq ft of office space in Gurugram to meet rising demand for flexible workspaces. With 44 locations across 18 cities, Incuspaze is expanding amid a market surge, reflecting an increased preference for flexible office solutions driven by multinational companies and Global Capability Centres.
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Indian Office Market on Track to Become “Office to the World” | JLL Report0
- Industry News
- July 19, 2024
India’s office market is set to become the “Office to the World,” with record leasing volumes projected for 2024. The first half saw 33.5 million sq ft leased, driven by Global Capability Centres and sectoral solid performances. Key cities like Bengaluru and Delhi NCR led the growth, reflecting positive market sentiments.
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Mumbai’s Office Market Soars with 79% Year-On-Year Growth0
- Industry News
- July 19, 2024
Mumbai’s office market saw a 79% year-on-year growth in H1 2024, with transactions reaching 5.8 million sq ft and new completions rising by 205%. Average office rents increased by 4%, reflecting strong demand. The residential market also thrived, with a 16% increase in sales and a 4% price rise.
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Office Space Demand Records 29% Jump in Jan-Jun: Report0
- Industry News
- July 19, 2024
India’s office space demand hit a record 33.54 million sq ft in H1 2024, a 29% increase year-on-year. Bengaluru led the surge, with flexible workspaces driving growth. Despite leasing highs, office space investments fell 83% in Q2 2024. JLL projects record leasing of 65-70 million sq ft for 2024.
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Office Transactions Reach Record Highs in H1 2024 – Knight Frank India Report0
- Industry News
- July 19, 2024
India’s office market hit a record 34.7 million sq ft in H1 2024, growing 33% year-on-year. Bengaluru led with 8.4 million sq ft. Flexible spaces surged, comprising 21% of transactions. Strong demand lowered vacancy rates and boosted rents. The market is set to finish 2024 on a high note.
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Smartworks Transitions to Public Company Amid IPO Plans0
- Industry News
- July 19, 2024
Smartworks has transitioned to a public company, aiming for an IPO. Following a $20 million funding round, its name changed to Smartworks Coworking Spaces Limited. With 41 centres across 13 cities, the company nearly doubled its revenue to ₹744 crore in FY23. Key stakeholders include NS Niketan LLP.
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Premium Managed Offices in India To Elevate Business Environments0
- Workspace Solutions
- July 18, 2024
Transformative advantages of premium managed offices in India to enhance productivity and elevate the brand image. Prestigious Locations, Equipped with state-of-the-art Amenities and Advanced Technology.
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Desks to Chessboards | iSprout’s Nationwide Tournament Energizes Work Culture0
- Workspace Wellness
- July 18, 2024
iSprout’s Pan India Chess Tournament, held across 14 centres with 133 participants, significantly enhanced coworking culture by promoting mental engagement, community spirit, and stress relief. Reecha Saha, Customer Success Manager, shares insights on organising the event and its positive impact, highlighting the potential of such activities in coworking environments.
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About Flex Insights
theflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
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The BFSI Sector's Strategic Embrace of Flexible Office Spaces
- Leadership
- September 12, 2024
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