Page 2 - Office Space

Gross office space leasing soars 5% in Q2 of 2025: Cushman & Wakefield

With total leasing in the first half of the year at approximately 42 million square feet, the sector is on pace to exceed 90 million square feet in annual activity, potentially setting a new record

Urban Vault to invest ₹100 crore in FY26 to expand co-working footprint

The company adds over 700 desks in Gurgaon and plans to close FY26 with an annual run rate of ₹250 crore, with further expansion across Noida, Pune and Bengaluru

Office space demand rises 11% in April-June across top 7 cities: Colliers

Gross leasing of office space rose 11 per cent to 178 lakh sq ft across seven major cities during the April-June period on healthy demand from corporates despite global economic uncertainties, according to Colliers. The gross leasing stood at 161 lakh sq ft in the year-ago period across seven major cities. Real estate consultant Colliers India data showed that demand of workspace increased in six cities -- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, and Pune. The leasing activities declined only in Mumbai, as per Colliers. The gross absorption or leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. "India's office market continues its upward trajectory in 2025, building on the momentum of past two years," said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Backed by diversifying occupier base, a steady supply pipeline and growing investor appetite, he said the calendar year 2025 is shaping u

Top 10 micro markets to drive 80% of India's office space growth: Colliers

A Colliers report finds that high-activity micro markets will drive the bulk of office demand and supply growth, fuelled by flex space, GCC traction and REIT-worthy stock

WeWork India expands footprint in Pune & Chennai, adds over 200K sq ft

WeWork India has secured its third location in Chennai since entering the market just over a year ago

Prime Fund buys Saket's Prius Platinum office asset from Kotak Alt

PRIME Fund acquires 0.3 million sq ft office space in South Delhi's Saket from Kotak consortium, aiming to build a sustainable, high-yield commercial portfolio

Google renews Bengaluru office lease for five years at ₹90 crore rent

The tech giant has renewed its lease on 8.7 lakh sq ft at Bagmane Capital Business Park, paying ₹7.5 crore monthly for space across Kyoto East and West Towers

IWG to launch premium brand Signature, expand India footprint rapidly

IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions

TCS leases Hyderabad commercial space for Rs 4.37 crore a month

The 15-year lease covers 10.2 lakh sq ft at Rs 43 per sq ft with a rent hike of 12 per cent every three years and a deposit of Rs 26.2 crore paid upfront

Coping with rising rentals: Research areas, opt for longer leases

A recent Reuters poll of housing experts also indicated that both house prices and rentals are likely to outpace consumer inflation this year

Bengaluru leads office space commitment by corporates in Oct-Mar: Anarock

About 10.8 million sq ft of office space pre-committed by corporates nationally: Anarock

Bollywood actor Akshay Kumar sells office space in Mumbai for Rs 8 crore

According to the documents registered with the Inspector General of Registration (IGR), the office space is located in One Place Lodha

Green office inventory to touch 700 msf in next two to three years

Currently, two-thirds of Grade A office stock is already green-certified across the top six cities, with these buildings having higher occupancy levels at 80 to 90 per cent

India's office leasing in Q1CY25 hits 19.46 mn sq ft, up 28.4%: JLL

Gross leasing refers to all lease transactions recorded during the period, including confirmed pre-commitments, but not term renewals and deals in the discussion stage

Bengaluru-based Table Space sees 41% growth in total portfolio in FY25

Table Space, which competes with co-working office providers like Awfis, Bhive, Indiqube and Smartworks, among others, has seen its overall space expand to 10.5 million sq ft

Top 7 Indian cities see 4-8% rise in office rent in 2024: Vestian

The rent for office spaces in India's seven major cities rose 4-8 per cent annually in 2024 while the eight big overseas markets saw a mixed trend in rental growth, according to Vestian. As per the data by real estate consultant Vestian, the average office rent in New York fell 1.3 per cent in 2024 to USD 7.5 per square feet per month. Shanghai saw a decline of 6.8 per cent to USD 2.8 per square feet per month, while Hong Kong witnessed a fall of 6 per cent to USD 5.9 per square feet a month. Office rent in Seattle dipped 1.9 per cent in 2024 to USD 4.7 per square feet per month. However, the average office rentals rose in London by 8.6 per cent to USD 8.6 per square feet per month. Miami saw a 7.3 per cent increase in office rent in 2024 to USD 5.1 per square feet per month, while Boston witnessed a 1.2 per cent rise to USD 5.5 per square feet per month. The average office rent in Singapore inched up 0.5 per cent in 2024 to USD 7 per square feet per month. Vestian CEO Shrinivas

Co-working office space leasing drops 43% in Jan-Mar across 9 cities: CBRE

Leasing of office space by co-working operators declined 43 per cent annually to 21.6 lakh square feet in January-March quarter this year across nine major cities, according to CBRE. The co-working space operators, who mainly provide managed flexible workpace to corporates of all sizes, had rented 37.6 lakh sq ft office space in the year-ago period. Real estate consultant CBRE data showed that the share of co-working space operators in the total office leasing transactions declined to 12 per cent in the latest March quarter from 22 per cent in the year-ago period. The co-working players take office on rent from property owners to establish their centres and then sub-lease to clients that are mainly corporates. WeWork India, Smartworks, listed-firm Awfis, Incuspaze, Simpliwork Offices, and IndiQube are some of the major co-working players. The demand for flexible managed workspace has risen significantly after the Covid pandemic. Overall, the total gross leasing of office space ros

Flexspace provider IndiQube gets Sebi approval for Rs 850 crore IPO

Backed by venture capital firm WestBridge Capital and noted investor Ashish Gupta, IndiQube operates with 103 centres across 13 cities

BFSI sector leases 13.4 msf of office space in 2024, up 19% from 2023: JLL

Foreign BFSI firms accounted for 68.3 per cent of total BFSI leasing in 2024

Hanto Workspaces revenue to grow 40% to Rs 30 cr in FY25 on demand

Hanto Workspaces is expecting over 40 per cent increase in revenue this fiscal year to Rs 30 crore on rising demand for flexible managed office space. Bengaluru-based Hanto Workspaces had posted a revenue of Rs 21 crore in the 2023-24 fiscal year. "We are likely to post a revenue of around Rs 30 crore during this fiscal year. There is a huge demand for managed flexible workspaces in Bengaluru," Hanto Workspaces Founder Aashit Verma told PTI. He said the company has expanded its portfolio and also improved occupancy rates, helping it achieve higher revenues. At present, Verma said the company has 15 co-working facilities in Bengaluru covering 3 lakh square feet area and 6,000 seating capacity. The company charges between Rs 7,000 and Rs 18,000 per desk from corporate clients. Verma said the company is looking to strengthen its portfolio in Bengaluru and also exploring to enter other major cities. He said the company also intends to raise funds to expand business and future growth