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IBM Signs ₹143 Crore Lease for Embassy REIT Property, Expands Footprint in India 0
- Industry News
- September 9, 2024
IBM has signed a ₹143 crore lease for 830,000 square feet of office space with Embassy REIT, strengthening its presence in India. The deal highlights the growing demand for premium office spaces in India’s commercial real estate market and reinforces Embassy REIT’s ability to attract major global tenants like IBM.
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Bengaluru Leads India’s Flexible Workspace Growth: Cushman & Wakefield Report 0
- Industry News
- September 9, 2024
Bengaluru leads India’s flexible workspace market, accounting for 31% of the total Grade A flex supply, with 58 million sq ft across top cities. Driven by hybrid work models and high demand from the IT sector, flexible spaces now make up 11-13% of nationwide office space demand, according to Cushman & Wakefield.
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Flexible Workspace Supply Reaches 58 Million Sq Ft in H1 2024 0
- Industry News
- September 6, 2024
India’s flexible workspace supply hit 58 million sq ft by mid-2024, with Bengaluru leading at 31%. The sector has increased, driven by the IT industry and managed office solutions. Flex spaces now account for 11-13% of office demand nationwide, expanding to Tier II and III cities.
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Awfis Expands in Pune, Leases 3 Lakh Sq Ft from Nyati Group 0
- Industry News
- September 6, 2024
Awfis has leased 3 lakh square feet of office space from Nyati Group in Pune, expanding its flexible workspace footprint to half a million square feet. The partnership will introduce premium workspaces at Nyati Empress and Nyati Enthral, meeting the growing demand for adaptable office solutions in Pune’s thriving business ecosystem.
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Urban Vault Expands in Bengaluru, Leases 1 Lakh Sq Ft Office Space 0
- Industry News
- September 6, 2024
Urban Vault has leased 1 lakh square feet in Bengaluru’s Brigade Summit to meet the rising demand for flexible workspaces. The facility offers 2,000 desks at ₹9,000 per seat. Urban Vault plans further expansion into Pune, Gurugram, Hyderabad, and Mumbai, positioning itself as a key player in India’s coworking market.
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Flex Spaces Surge in India, Recording Highest Ever Share in Office Leasing 0
- Industry News
- September 6, 2024
Flexible office spaces in India have reached a record 12.7% share of total office leasing in the first half of 2024. Major sectors like IT, engineering, and BFSI are driving demand. With key operators expanding, flex spaces are poised for continued growth as companies seek cost-effective and adaptable workspace solutions.
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