Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Workie, an office space management startup, has raised INR 13 Cr ($1.5 Mn) to accelerate its expansion and enhance market leadership. Specialising in flexible office solutions, it manages 15,000 seats across 50 locations in India. With the post-pandemic rise in demand for coworking spaces, Workie aims for significant growth.
READ MORETable Space appoints cofounders Karan Chopra and Kunal Mehra as co-CEOs, with Chopra as chairman and Mehra as president. The enterprise workspace leader serves 150+ clients, including Dell and EY. Amid surging demand for flexible office spaces post-pandemic, Table Space aims to strengthen its market position and drive innovation.
READ MOREPune’s office space market grew 19% in 2024, leasing 80 lakh sq ft, driven by global firms, technology companies, and flexible workspaces. New supply surged 58%, and rentals reached ₹77 per sq ft. With Grade A spaces in demand and GCCs dominating, Pune is emerging as a top business hub.
READ MOREHyderabad topped India’s office space market in 2024 with the highest average deal size of 70,535 sq ft, a 10.13% increase. Nationally, deal sizes grew 10.24%, driven by demand for premium spaces. Mumbai saw the most significant growth at 54.59%, with Bengaluru, Delhi NCR, and Pune also recording significant activity.
READ MOREICICI Bank leases 1.29 lakh sq ft in Navi Mumbai’s Arihant Aura for ₹9 crore annually, spanning four floors with a nine-year tenure. The deal highlights Turbhe’s rising prominence, which is fueled by infrastructure developments. Part of India’s record-breaking 2024 leasing boom reflects strong demand from BFSI and other key sectors.
READ MOREThis article explores the evolution of office culture, emphasising flexibility, biophilic design, smart technologies, and sustainability. Learn how innovative office practices enhance collaboration, employee well-being, and organisational success. A must-read for CXOs aiming to future-proof their enterprises in today’s dynamic work environment.
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