Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Hyderabad’s Grade A office vacancy rates are projected to reach 24% by 2026 due to record supply growth outpacing demand. Key areas like Gachibowli face rising vacancies, while Hitech City remains stable. Sustainability and tech-forward spaces are crucial for attracting tenants in this rapidly evolving commercial real estate market.
READ MOREAwfis, valued at ₹5,000 crores, has revolutionised the coworking space sector with fully managed office solutions. Despite challenges during COVID-19, it remains a key player in India’s flexible workspace market. As demand for coworking spaces grows, Awfis’s potential for expansion could see its valuation double to ₹10,000 crores.
READ MOREWorkie, an office space management startup, has raised INR 13 Cr ($1.5 Mn) to accelerate its expansion and enhance market leadership. Specialising in flexible office solutions, it manages 15,000 seats across 50 locations in India. With the post-pandemic rise in demand for coworking spaces, Workie aims for significant growth.
READ MORETable Space appoints cofounders Karan Chopra and Kunal Mehra as co-CEOs, with Chopra as chairman and Mehra as president. The enterprise workspace leader serves 150+ clients, including Dell and EY. Amid surging demand for flexible office spaces post-pandemic, Table Space aims to strengthen its market position and drive innovation.
READ MOREMySoho redefines coworking with its asset-light model, focusing on Tier 2 and 3 cities like Jaipur and Lucknow. Partnering with property owners offers premium, flexible spaces without heavy real estate investments. This approach fosters rapid scaling, economic growth, and talent retention while reshaping India’s real estate landscape.
READ MOREAwfis has launched its first flexible workspace in Lucknow’s Gomti Nagar, spanning 47,694 sq ft. The centre supports startups, entrepreneurs, and businesses with Grade-A infrastructure, advanced amenities, and strategic connectivity. This expansion strengthens Awfis’ presence in Tier-II cities and aligns with Lucknow’s transformation into a vibrant commercial hub.
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