Blog - Page 18 of 23 - Flex Insights

CMDA Plans Affordable Co-Working Centres in Chennai 0
- Industry News
- July 22, 2024
The Chennai Metropolitan Development Authority (CMDA) plans affordable co-working centres in CIT Nagar, Anna Nagar, and Kolathur to support middle-segment professionals. With a ₹30 crore investment, these centres will offer high-speed internet, workstations, meeting rooms, and libraries, fostering economic development and providing budget-friendly workspaces for entrepreneurs and freelancers.
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Kolkata Office Leasing Soars 33% in Q2 2024 0
- 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 Workspaces 0
- 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 Report 0
- 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 Growth 0
- 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: Report 0
- 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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