Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s coworking industry thrives as hybrid work drives demand, with flexible workspaces accounting for 21% of commercial real estate transactions in 2024. Delhi NCR leads with 92% occupancy, while players like Collative report 70% in South Delhi. Coworking spaces now support events, collaboration, and networking, poised for 30% growth by 2025.
READ MOREIndia’s real estate market will see a steady recovery and transformation in 2024. Office leasing nears pre-pandemic levels, fueled by IT and hybrid work models, while e-commerce drives warehousing demand. Residential trends favour integrated townships and sustainable green buildings. Affordable housing expands, though affordability challenges persist in major cities like Mumbai and Delhi.
READ MORETable Space has launched its first premium Suites in Hyderabad’s HITEC City, spanning 1,35,000 sq. ft with 2,200+ seats. The tech-enabled facility caters to enterprise demands for speed, flexibility, and security. Hyderabad’s growing flex space market underscores the city’s rising demand for Grade A workspaces, strengthening Table Space’s national presence.
READ MOREIndia leads the Asia-Pacific office market, driving over 70% of Q3 2024 leasing demand, fueled by a 10.7% YoY surge in regional activity. With rising rental rates, robust absorption in Bengaluru and Hyderabad, and 1.34 million square meters of new completions, India cements its position as the APAC market leader for 2025.
READ MOREMorgan Stanley has launched a new office that spans one million square feet in Oberoi Garden City, Mumbai, consolidating operations for 8,500 employees. The campus is designed to promote collaboration, inclusivity, and sustainability and targets LEED Gold certification. It includes childcare, wellness spaces, and fitness facilities, highlighting Morgan Stanley’s commitment to India as a key hub for innovation and growth.
READ MOREMySoho is transforming India’s Tier-II cities by boldly expanding into 25 locations by 2025. It offers premium, flexible office spaces tailored for startups, SMEs, and IT firms. Focused on private offices and customisable layouts, MySoho’s asset-light model enables rapid growth, setting a new standard in emerging urban workspaces.
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