Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork India appoints Janak Malkani as Head of Managed Office to drive expansion. With 18 years of real estate experience, Malkani will lead sales in the West region. WeWork India’s Managed Office portfolio, covering over 2 million square feet, is key to meeting the growing demand for flexible workspace solutions.
READ MOREA CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
READ MOREIndia Inc. is increasingly adopting flexible workspaces, with 58% of companies expected to allocate over 10% of their office portfolios to these spaces by 2026. Domestic occupiers lead this trend, driven by skilled workers and cost efficiencies. Major firms plan significant portfolio expansions, favouring an office-first approach.
READ MOREMVN Aero One Mall leases 3 lakh sq ft to Spring House Co-Working in Gurugram. This integration of premium co-working spaces within a retail environment offers a dynamic work-life balance. Strategically located on Dwarka Expressway, it features future-ready infrastructure and plans for luxury residential projects, setting new standards in commercial real estate.
READ MORESmartworks raises Rs 168 crore from investors, including Keppel Limited, to fuel its expansion. With new centres added in major cities, the company now operates 41 centres across 13 cities. Founder Neetish Sarda and Keppel Ltd CEO Louis Lim highlight continued growth and leadership in India’s managed workspace industry.
READ MOREBHIVE Workspace is planning an IPO within two years, focusing on expansion and achieving ₹500 crore in revenue. Check out their growth strategies and plans.
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