India's Office Space Supply Hits Record High in 2024
- Industry News
- March 12, 2025
India’s flexible workspace market is set to double by 2028, reaching 126 million sq ft. The sector will see revenues soar to $9 billion, driven by remote work trends. Major operators like WeWork India and Awfis are leading this growth, attracting diverse investors and eyeing public listings.
READ MOREIndia’s coworking sector has doubled in demand over four years, with major cities like Bengaluru and NCR leading the surge. Flexible, cost-effective coworking spaces are increasingly preferred post-pandemic, driving significant commercial real estate absorption growth.
READ MOREIndia’s office space market is booming in 2024, driven by high demand in cities like Bangalore and Hyderabad. Managed office spaces are famous for their flexibility and amenities, leading to significant growth in the sector post-pandemic.
READ MOREIndia’s IT industry is shifting to Tier-2 cities, leveraging lower costs, local talent, and government incentives. This move promotes growth, efficiency, and better work-life balance.
READ MOREAnant Yardi, an Indian-born billionaire, takes charge as WeWork’s CEO. He invests heavily to revive the bankrupt co-working giant, and his strategic vision aims to steer WeWork towards renewed success.
READ MOREIndia’s flexible workspace market is set to double to 126 million sq ft by 2028, driven by remote work trends and significant investor interest. Major operators like WeWork India and Awfis lead this growth, attracting diverse investments and planning IPOs.
READ MOREFlexible 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.
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