Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s flexible office space market is shifting significantly, with Tier-II and III cities like Jaipur, Kochi, and Indore emerging as key growth hubs. Driven by rising metro costs and hybrid work trends, demand in these smaller cities is expected to grow 15–20% annually through FY2025.
READ MOREFlex spaces are transforming commercial real estate and are no longer a one-player game. Brokers, owners, and operators are teaming up to create agile, efficient workspaces. With businesses prioritizing flexibility, this trio redefines office leasing with smarter strategies, longer commitments, and shared goals for scalable, future-ready solutions.
READ MOREThe flex space sector is now India’s second-largest office leasing contributor, securing 19.8% of gross leasing with a record 15.3 million sq. ft in 2024. Delhi NCR leads, followed by Pune and Bengaluru. Experts emphasize its long-term viability, driven by enterprise demand, sustainability trends, and evolving workspace needs.
READ MOREIndia’s flex space sector is thriving, with $820M in funding since 2017 and 52.9M sq. ft. leased. Key players like BHIVE and WeWork India are driving growth through IPO plans, innovation, and expansion. Surging demand from startups to SMEs highlights the sector’s pivotal role in reshaping modern workplaces.
READ MOREA Colliers report reveals that over 80% of office occupiers plan to expand through flexible workspaces in the next 3-5 years, with MNCs leading the shift. Flex spaces are increasingly used for core business operations, especially in tech sectors, and are favoured for longer-term leases in prime city locations.
READ MOREExplore the crucial role of health and wellness in enhancing Productivity within flexible workspaces. Dive into ergonomic designs, mental well-being, and environmental wellness, supported by recent trends and statistics. Learn how fostering a healthy environment can attract and retain members, ensuring long-term success for flex workspaces.
READ MORE