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Office Space Supply Surges by 46% in Major Indian Cities Amid Rising Demand 0

According to CBRE, office space supply in India’s top nine cities surged by 46% to 13.4 million sq ft in early 2019, led by Hyderabad’s unprecedented growth. With demand from corporates and coworking operators rising, developers are investing in flexible workspaces and SEZs to support expanding businesses and startups.

Innov8 Plans to Double its Capacity Amidst Rising Demand for Coworking Spaces in India 0

Innov8 plans to double its coworking centres across India by 2025, aiming to triple its seating capacity to over 50,000. With demand for flexible workspaces surging, this expansion reflects India’s booming coworking market, projected to reach 126 million square feet by 2028, according to an Avendus report.

Global Capability Centres Drive India’s Coworking Demand in 2024, Reports Knight Frank 0

India’s Global Capability Centres (GCCs) leased nearly 23,000 coworking desks in 2024, driven by cost efficiency and skilled talent. With Bengaluru leading in IT/ITeS sector occupancy, GCC demand for flexible spaces surged. Economic shifts abroad and India’s stable environment further attract multinational firms to coworking solutions.

India’s Office Space Market Set for Record Growth in 2024, Says Savills Report 0
- Industry News
- November 4, 2024
India’s office space market is set for record growth in 2024, with projected absorption to exceed 70 million sq. ft., driven by high demand from IT-BPM, flexible workspaces, and BFSI sectors. Major cities like Bengaluru, Delhi-NCR, and Mumbai lead leasing activity despite slower new completions lowering vacancy rates.
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Festive Season Boosts Demand for Co-Working Spaces Across India 0
- Industry News
- November 4, 2024
India’s festive season boosts demand for co-working spaces as companies and freelancers embrace flexible, collaborative environments. Festive promotions and packages drive occupancy, while companies use this high-energy period for team bonding and client events. Co-working providers aim to convert seasonal users into long-term tenants through engaging offers.
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Bollywood Star Shraddha Kapoor Becomes the New Face of Ofis Square, Redefining Coworking in India 0
- Industry News
- November 4, 2024
Ofis Square partners with Bollywood star Shraddha Kapoor as its first brand ambassador in India’s coworking sector. With plans to expand 10 million square feet nationwide, Ofis Square aims to mainstream flexible workspaces, targeting entrepreneurs and startups. Kapoor’s endorsement strengthens its vision to lead India’s evolving coworking market.
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