Co-working

Table Space Technologies leased over 100,000 square feet at Cafe Coffee Day Square in Bengaluru to expand, highlighting India's growing need for flexible offices. Once Cafe Coffee Day's corporate headquarters and flagship shop.

The premier managed workspace provider Table Space recently completed a major leasing deal with real estate developer Runwal. The agreement leases about 1.31 lakh sq ft of office space in Runwal's commercial skyscraper in crowded Andheri, Mumbai.

Awfis Space Solutions, a leading workspace solutions provider, filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO. An OFS of up to 1 crore equity shares is offered with a new offering of up to INR 160 crore in the IPO.

RMZ Spire in Hyderabad and Manyata Redwood in Bengaluru have signed WeWork India leases. Both buildings, which will begin construction in the next months, are in technical hubs.

One of Bangalore's biggest co-working space deals: IndiQube leased a 1,037-seater premium managed workplace to Ninjacart in Bengaluru's Outer Ring Road Corridor, according to Colliers, the real estate consultancy that coordinated the deal.

Bank of New York Mellon Corporation (BNY Mellon), an American investment banking services holding company headquartered in New York City and a Fortune 500 corporation, has signed one of the most significant agreements of 2023 with 315Work Avenue.

Trios, a major co-working space provider, opened three additional locations in Pune, Maharashtra. They are ideally positioned in Cybercity IT Park in Magarpatta, Symphony IT Park in Nanded City, and Indialand Global Tech Park in Hinjawadi, Phase 1

Flexible office space in India often referred to as co-working spaces too are bound to grow phenomenally. The Vestian Report tries to get the figures right to get the facts validated.

Smartworks has set the industry abuzz with its ambitious expansion in the heart of Chennai's IT corridor.

315Work Avenue leased five floors and 162,000 square feet of office space in Pune's Raheja Woods' Kalyani Nagar locality for five years.

Managed office space provider Tablespace has leased 100,000 square feet of office space in Pune in order to extend its operations.

Incuspaze has leased a total of 9.7 lakh square feet of office space in Noida and Gurugram to accommodate the growing demand for flexible workspaces from corporations.

Indian co-working is booming again. Small and international enterprises are filling vacant office premises. As office workers return, the co-working market is heating up again.

Flexible office space provider Awfis Space Solutions plans to double its portfolio to 250 centres by March 2024, fuelled by resilient demand from both corporations and startups.

In FY23, the demand for coworking spaces surpassed all previous records, with India's IT hubs leading the pack. Latest real estate data shows that leasing of "flex-seats" has increased by 20%, with the biggest activity occurring in Bengaluru, Hyderabad, and Pune.