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 MOREAccording to Knight Frank, Pune has emerged as India’s second-largest coworking hub, with 123 office space collaborations since 2018. The city’s appeal lies in flexible, cost-effective workspaces, attracting businesses of all sizes. As demand rises, Pune’s coworking landscape reshapes office trends nationwide, second only to Bangalore.
READ MOREInnov8 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.
READ MOREIndia’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.
READ MOREOfis 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.
READ MOREMinimalist Hotels has launched hybrid coworking spaces in Goa, Delhi, and Varanasi. Designed for digital nomads, these spaces blend hospitality with productivity. Offering flexible daily passes and memberships, the initiative reflects the brand’s commitment to catering to modern travellers seeking seamless work-life balance.
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