Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s flexible office spaces hit a record 2.6 million sq ft leased in Q2 2024, reflecting strong demand despite WeWork’s exit. Mumbai led with a 119% increase. Overall, office leasing rose 19% in H1 2024, with Colliers forecasting continued growth in the sector driven by economic resilience and quality demand.
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 MOREDiscover the evolution of India’s office space globally, focusing on flexible work environments and the rise of hybrid work cultures post-pandemic.
READ MOREGlobal corporations are flocking to Chennai, driving high demand for flexible office spaces. From April to June 2024, 0.7 million sq. ft. was leased to flexi-space operators. Companies favour operational over capital expenses, with key micro markets in OMR and Guindy seeing significant activity.
READ MOREExplore the transformation of flexible offices in India, from niche market to recognized industry. Learn how technology, service-oriented approaches, and user-centric models are driving growth and reshaping the future of workspaces. Discover strategies for sustainability and expansion in this evolving sector.
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