Hyderabad Office Space

Table Space takes lease of 1.35 mn sq ft office space in four cities

Table Space has taken on lease 13.5 lakh square feet of office space across Mumbai, Chennai, Hyderabad and Bengaluru to meet the growing demand for premium managed workspace from corporates. In a statement on Tuesday, the company said it has taken on lease 1.35 million (13.5 lakh) sq ft in response to rising demand in key micro markets. Table Space also plans to add another 1.75 million (17.5 lakh) sq ft in Mumbai, Hyderabad, and Bengaluru to expand its portfolio. "India is witnessing high growth in the larger flexible workspace market. This is fuelled by an influx of multi-national companies (MNCs), global capability centres (GCCs) and the larger industrial expansion driving an increase in demand for premium offices and custom-managed solutions," Kunal Mehra, President of Table Space, said. The expansion plans are in line with the positive and healthy outlook of the market, he added. At present, Table Space has over 9.5 million (95 lakh) sq ft and more than 60 centres in its ...

Office space demand to rise 35% in 6 cities; double in Hyderabad: Colliers

Office space demand across six major cities continues to be strong, with gross leasing of workspaces set to rise 35 per cent annually in the January-March quarter, according to Colliers India. Real estate consultant Colliers India has released the data on the office market for the January-March period, nine days before the closing of the current quarter. As per the data, the total gross leasing of office space is estimated to rise to 13.6 million square feet across six major cities -- Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune -- during the first quarter of 2024. The leasing stood at 10.1 million square feet (sq ft) in the year-ago period. The demand is set to grow in Hyderabad, Mumbai, Bengaluru and Delhi-NCR, but may fall in Chennai. In Pune, the demand is likely to remain flat at 0.8 million sq ft. According to the data, the leasing of office space in Hyderabad is estimated to jump more than two times to 2.9 million square feet during January-March from 1.3 mill

Office space demand likely at 50-55 mn sq ft across top 6 cities: Report

Office space demand in India's six major cities will remain healthy this year as domestic and foreign firms are expected to lease 50-55 million square feet area to expand their businesses, according to a FICCI-Colliers report. Gross leasing of office space stood at 58.2 million square feet across six major cities namely Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. Industry body FICCI and real estate consultant Colliers India earlier this week released its report 'India Office: Repurposed to scale-up'. The report has given three scenarios for office demand forecast - optimistic, realistic, and pessimistic. In a realistic scenario, the gross leasing of Grade-A office space is estimated at 50-55 million square feet this year across these six cities. The demand could go up to 55-60 million square feet in an optimistic scenario, while the leasing numbers could drop to 45-50 million square feet in a pessimistic scenario. "India's office space demand is likely to breach th

Cognizant shifts to asset-light model; to sell assets in Hyderabad, Chennai

The company has already vacated 1.15 million square feet of office space in Chennai, including 500,000 square feet in the DLF Cybercity SEZ and 650,000 square feet in the Ramanujan IT SEZ

Quarterly absorption of office space reaches Q1 levels in Q4CY2020

Hyderabad led the pack with the highest net absorption in Q4CY2020

Demand surges for Hyderabad's leased office space despite cramped supply

The city surpassed Bengaluru in office space absorption in Jan-March period, though it hasn't been able to match the latter on volume or sustained supply over a longer period in the past

Hyderabad leads office space growth in South, Bengaluru still leads market

Chennai may see an estimated 15 million sq ft of office space to get absorbed in the next five years creating close to 2,00,000 new white collar jobs in the city

Hyd's office space development gets a boost as firms eye large workplaces

Hyderabad, 15 October: Global financial and tech firms' quest for campus-size office spaces is fueling the demand for Grade A office space in Hyderabad, which has been witnessing higher absorption rates besides the launch of projects of a bigger scale on the back of lower property rates. "The large global firms are looking for Grade A office space with a starting size of 0.5 million square feet in a single location and some may even require 1-2 million square feet considering their growth needs," Thirumal Govindraj, managing director of office space developer RMZ Corp told Businss Standard.The Bangalore-based company is currently doing a large commercial project named 'The Sky View' in the city in partnership with homegrown business house MyHome Group.The back-end operations and technology development centers of several global firms in the city are spread across different locations as these companies gradually increased the local head count as part of expansion over a period of time. .