Knight Frank Archives - Flex Insights

Pune Surges as India’s Second-Largest Coworking Hub 0

According 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.

Nariman Point’s Office Rents Expected to Double by 2030 Amidst Economic Revival 0

According to Knight Frank, Nariman Point, Mumbai’s iconic commercial hub, is expected to double office rents by 2030, rising from Rs 569 to Rs 1,091 per sq ft. The area’s resurgence is driven by infrastructure upgrades, growing demand for premium office space, and strong investor interest.

Flex Space Occupancy Soars Above 80% Amid Growing Market Demand 0

Coworking

October 3, 2024

Flexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.

GCCs Set to Occupy 26 Million Sq Ft Office Space by 2027: Knight Frank India 0
- Industry News
- July 26, 2024
By 2027, India’s Global Capacity Centres (GCCs) are expected to expand their office space to 26 million sq ft, driven by a surge in leasing deals and strategic growth in the IT/ITeS and BFSI sectors. This growth not only underlines India’s pivotal role in global business innovation and talent acquisition but also sets a promising trajectory for the future of these sectors.
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Mumbai’s Office Market Soars with 79% Year-On-Year Growth 0
- Industry News
- July 19, 2024
Mumbai’s office market saw a 79% year-on-year growth in H1 2024, with transactions reaching 5.8 million sq ft and new completions rising by 205%. Average office rents increased by 4%, reflecting strong demand. The residential market also thrived, with a 16% increase in sales and a 4% price rise.
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Office Transactions Reach Record Highs in H1 2024 – Knight Frank India Report 0
- Industry News
- July 19, 2024
India’s office market hit a record 34.7 million sq ft in H1 2024, growing 33% year-on-year. Bengaluru led with 8.4 million sq ft. Flexible spaces surged, comprising 21% of transactions. Strong demand lowered vacancy rates and boosted rents. The market is set to finish 2024 on a high note.
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