Your Weekly Dose of News from the Commercial Real Estate Industry
Bhive Workspace Expands into Mumbai with Major Adani Inspire Lease
BHIVE Workspace , a leading Bengaluru-based co-working space provider, has secured a substantial lease in Mumbai's Adani Inspire, part of the bustling Bandra Kurla Complex. The deal, valued at ?1.39 crore per month, encompasses over 62,000 square feet of office space, signifying Bhive's strategic expansion in Mumbai's commercial hub.
The agreement, spanning five years with a 15% rent increase after three years, involves two leases for seven units in the premium building. Bhive's new venture into Mumbai includes dedicated areas for co-working, managed spaces, data and server rooms, and a cafeteria, with a rent-free period of eight months for setup. This move marks a significant milestone for Bhive, highlighting its growth and commitment to providing top-tier workspace solutions in major cities.
Sunbourne Developers, an Adani Realty Properties subsidiary, owns the Adani Inspire building, which offers diverse office sizes and amenities in a prime location. Bhive's entry into Mumbai's market underscores its ambition to enhance its presence and cater to the burgeoning demand for flexible workspaces.
BuzzWorks Launches Managed Offices in Bengaluru's WTC Annexe
Brigade Group 's BuzzWorksIndia has unveiled its latest venture in Bengaluru's WTC Annexe within the prestigious Brigade Gateway township. This new development offers over 100,000 square feet of commercial space, crafted to meet the dynamic requirements of contemporary businesses. BuzzWorks at WTC Annexe stands out with its flexible and managed office spaces, designed to provide turnkey solutions for organisations seeking customisable and comprehensive workspace services.
The WTC Annexe, located in a prime area, caters to the increasing demand for high-quality office spaces. BuzzWorks enhances the workplace experience with its state-of-the-art design, technology-driven access control, and curated community events, encouraging networking and engagement.
Incorporating sustainability and advanced AI technology, the office spaces provide a biophilic design that optimises energy usage and ensures clean air. BuzzWorks plans to replicate this model in Hyderabad, Chennai, and Bengaluru.
领英推荐
Instant Group Survey Reveals High Productivity in Coworking Spaces
A recent The Instant Group survey highlights that nearly half of the workforce (45%) experiences excellent productivity in coworking spaces, outpacing traditional offices and remote work settings.
Specifically, 31% of respondents prefer coworking environments, and over 23% favour working from home. The study, encompassing 200 global workspace users, indicates a notable trend where individuals commuting for more than an hour and those over 45 years old find coworking spaces more conducive to high productivity.
This shift underscores the growing appeal of flexible workspaces. While 44% still find traditional offices compelling, home setups lag at 27% for excellent productivity ratings.
Factors like commute time and age significantly influence these preferences, suggesting coworking spaces offer unique advantages that enhance work efficiency and satisfaction.
Most In-Demand Locations This Week-
Metro City : Mumbai
Micro-market : Thane
Non-Metro City : Jaipur
Micro-market : Mansarovar