Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage
- Industry News
- January 15, 2025
Global corporations are flocking to Chennai, driving high demand for flexible office spaces. From April to June 2024, 0.7 million sq. ft. was leased to flexi-space operators. Companies favour operational over capital expenses, with key micro markets in OMR and Guindy seeing significant activity.
READ MOREExplore the transformation of flexible offices in India, from niche market to recognized industry. Learn how technology, service-oriented approaches, and user-centric models are driving growth and reshaping the future of workspaces. Discover strategies for sustainability and expansion in this evolving sector.
READ MOREThe hyperflex revolution is reshaping office spaces, emphasizing agility, collaboration, and cost efficiency. Co-working hubs enable remote teamwork, adaptability, and access to premium amenities, redefining traditional work environments. Explore how these flexible spaces enhance productivity and innovation.
READ MOREThe latest report by Qdesq and MyBranch highlights the significant growth in Tier 2 and Tier 3 cities, focusing on the expanding flexible office space market. Economic reforms, substantial business investments, and vibrant urban development initiatives drive this growth.
READ MORETier-II cities in India are becoming new hotspots for flexible workspaces, with Ahmedabad leading in flex stock at over 0.5 million sq. ft. The growth, driven by the IT and e-commerce sectors, is highlighted by significant expansions by major operators in cities like Chandigarh, Jaipur, and Kochi.
READ MOREAmazon is expanding its presence in Bengaluru by leasing 1.1 million sq ft of office space from Sattva Group to house over 7,000 employees. This expansion is located near the international airport and is part of Amazon’s broader growth strategy in major Indian cities.
READ MOREFlex workspaces are redefining urban development by creating jobs, boosting economies, and promoting sustainability. In India, this market is projected to contribute USD 2.2 billion by 2025, driving significant economic and infrastructural growth.
READ MOREMoEngage secures an additional 450 seats at 315Work Avenue in Bangalore, bringing their total to 900. This expansion in Koramangala highlights the benefits of co-working spaces for growing businesses. 315Work Avenue continues to expand, with plans to enter New Delhi, NCR, and Hyderabad markets.
READ MOREWeWork India has launched Olympia Cyberspace in Chennai, marking its expansion into Tamil Nadu. This new facility spans 1.30 lakh sq ft and offers over 2,000 desks. Located in Guindy, it aims to meet the rising demand in a city burgeoning with diverse business opportunities.
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