Embassy REIT Leases 2.07 Lakh Sq Ft to Cybersecurity Firm Rubrik at Embassy TechVillage
- Industry News
- January 15, 2025
Office leasing will surge in 2024, driven by the technology sector. Prime cities like Bengaluru and Hyderabad lead the growth. In 2023, office absorption hit a four-year high, with significant contributions from Global Capability Centres. This trend is set to continue, reflecting a strong commercial real estate market.
READ MOREData analytics transforms the coworking industry by optimising operational efficiencies, enhancing user experiences, and enabling predictive analytics for strategic planning. It delves into advanced tools like CRM systems and IoT sensors to analyze trends and personalise services based on member needs while addressing privacy and ethical data use challenges.
READ MOREThe Executive Centre (TEC) has reported a 31% revenue growth in India, reaching Rs 475 crore in 2023. This surge is attributed to expanding its premium, flexible workspaces across major cities, meeting the increased demand post-COVID. TEC now operates 40 centres with high occupancy rates in India.
READ MORECapitaLand India Trust has sealed a deal to acquire IT buildings covering 2.5 million sqft in Hyderabad’s HITEC City. This strategic purchase, expected to enhance unitholder earnings, fortifies CLINT’s presence in a vital tech hub and promises robust regional growth.
READ MOREEmbassy Office Parks REIT announces a Rs 3,800 crore investment to develop 61 lakh sq ft of premium office space in Bengaluru to expand its rental portfolio. The project, part of a broader strategy to meet rising demand, will enhance the Embassy’s 36.5 million sq ft portfolio.
READ MOREAwfis has expanded its footprint in South India, launching 11 new centres with 8,000 seats across Bengaluru, Chennai, Hyderabad, and Kochi. This $10 million investment boosts its national presence to 150 centres, offering modern workspaces in key business locales.
READ MOREThis article explores “what is office peacocking,” a trend where businesses transform their workspaces into attractive, functional environments to entice employees back to the office, focusing on design elements that enhance productivity and employee satisfaction.
READ MOREEmbassy Group plans to take WeWork India public to capitalise on the growing demand for flexible workspaces. This IPO intends to accelerate WeWork India’s expansion and strengthen its market position, aligning with the Embassy’s strategy to support entrepreneurial communities and enhance workplace dynamics.
READ MOREThe EMEA Flex Space Market Review for Q1 2024 investigates the thriving flexible workspace sector, which has experienced a significant 35% increase in demand. It also highlights the emerging hub-and-spoke model.
The report strongly emphasises the importance of quality, amenities, and, most importantly, a people-first approach in driving success in dynamic commercial real estate markets.