Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s Grade A office space demand is set to exceed 70 million square feet in 2024, driven by major cities like Bengaluru, MMR, and Delhi-NCR. Rising rentals and large leases, especially in the IT/ITeS and BFSI sectors, highlight robust growth, signalling significant opportunities for developers and investors.
READ MOREDiscover top content marketing strategies for coworking spaces in 2024. Learn how to understand your audience, create valuable content, leverage SEO, and build a solid community to enhance brand visibility and attract more members. Explore effective tactics to stay competitive and achieve sustained growth in the coworking industry.
READ MOREOfis Square is transforming coworking spaces into hubs of creativity and collaboration. Their shared workspaces integrate modern technology, such as IoT, to boost productivity and comfort while fostering a community focused on innovation. Their initiatives, particularly Women at Ofis Square, champion gender equality and empower individuals.
READ MOREAwfis Space Solutions will launch its IPO on May 22, aiming to raise Rs 128 crore. Key investors, including Peak XV Partners and ChrysCapital, will divest 12.3 million shares. Despite increased revenue, Awfis reported losses. IPO proceeds will fund expansion, new centres, and working capital.
READ MOREState governments in India and the co-working industry are collaborating to enhance remote work opportunities. Initiatives include developing co-working spaces, improving infrastructure, and offering flexible memberships. This synergy aims to boost local economies, support remote workers, and promote work-life balance, making remote work a sustainable norm.
READ MOREDiscover strategic insights from Colliers’ latest report, “Expert Insights | Asia Pacific Office Markets April 2024,” highlighting six key priorities for achieving significant cost savings in office real estate.
READ MORE