Office Space Archives - Flex Insights

State Street Signs ₹350 Crore Lease for Office Space in Mumbai’s BKC 0

State Street Corporation leases 250,000 sq. ft. at Mumbai’s BKC for ₹350 crore, establishing a Global Capability Center. The Equinox Business Park deal reflects India’s growing appeal for multinational firms, driven by a skilled workforce and cost benefits. BKC’s premium location sees 99% occupancy, underscoring demand for commercial real estate.

HDFC Bank Secures 4 Lakh Sq Ft Office Space in Navi Mumbai 0

HDFC Bank leases 4.16 lakh sq ft at Gigaplex, Navi Mumbai, for ₹24 crore annually. The 10-year lease includes 322 parking spaces and a 15% rent escalation every three years. The office, likely for IT/ITES operations, highlights Navi Mumbai’s growing prominence as a hub for Grade-A commercial spaces.

Tamil Nadu Leverages Land Bank for Office Space Development in Chennai 0

Tamil Nadu is tapping into its land bank to develop 30 Grade-A office spaces near metro stations in Chennai, addressing rising demand. With 10.8 million sq. ft. absorbed in 2023, the state eyes GCC growth, offering incentives to attract global firms. Chennai ranked third in GCC leasing, driving strategic economic expansion.

India’s Office Rental Market Grows, Pune Leads the Way 0
- Industry News
- December 9, 2024
India’s first Commercial Property Rental Index reveals a 3.6% CAGR in office rentals over five years. Pune leads with 6.9% growth, followed by Chennai and Bengaluru. The index highlights post-pandemic recovery, consistent growth in Bengaluru, and emerging trends, positioning India’s office market for sustained growth.
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Onward Workspaces and Lenskart Partner for 14,000 Sq. Ft. Managed Office in Okhla 0
- Industry News
- December 4, 2024
Onward Workspaces partners with Lenskart to deliver a 14,000 sq. ft. managed office in Okhla Phase 3, Delhi. The bespoke space, accommodating 300 employees, reflects Lenskart’s brand identity. With ₹1,800 per sq. ft. investment, Onward advances its mission to provide premium, flexible workspaces, aligning with the growing demand for dynamic office solutions.
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Office Space Market Sees Growth in Leasing and Stable Rentals in Q3 FY25 0
- Industry News
- November 28, 2024
India’s office space market recorded 18.61 million sq ft absorption in Q3 FY25, driven by BFSI and flex spaces contributing 39%. Southern cities led with 61% share, Bengaluru dominating at 36%. Vacancy dropped to 14.8%, while Hyderabad led new completions. Despite a 4% dip in construction, rentals remained stable.
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