Flexible space provider Incuspaze leases 5.8 lakh square feet of space in Gurugram.

In response to growing demand from corporate occupiers, flexible workspace provider Incuspaze has leased 5.8 lakh square feet of office space in Gurugram, the company said in a statement on July 1. This includes 2.20 lakh sq ft space in M3M Urbana Premium on Golf Course Extension. road, and 3.5 lakh sq.ft in Udyam Vihar.

Coworking firm Incuspaze leases 5.8 lakh square feet of space in Gurugram (Incuspaze)
Coworking firm Incuspaze leases 5.8 lakh square feet of space in Gurugram (Incuspaze)

“The expansion of Incuspaze marks an important step in our growth strategy, allowing us to better serve our clients with managed office solutions,” said Sanjay Chaudhary, Founder and CEO of Incuspaze, Golf Course. Extension Road and Udyam Vihar locations are important for businesses looking for connectivity and convenience.

Also read: BHIVE coworking leases commercial space from Adani Realty. 1.39 crore per month

Commenting on the partnership, Sudeep Bhatt, President, M3M India said: “We are delighted to welcome Incuspaze to our prestigious office space portfolio at M3M Urbana Premium. I believe the location, the sides, the approach and the surrounding environment, will all be Incuspaze compliant.

The Gurugram-headquartered partner currently commands a presence in 44 locations across 18 cities with a total portfolio of 3 million sq.ft.

The flexible office segment witnessed increased demand.

According to property consultancy Colliers' June 2024 report, the flexible office space segment in India's top 6 cities registered its highest ever quarterly demand at 2.6 million sq ft in the April-June period. Bengaluru and Delhi-NCR account for 65% of this demand.

Also read: Office leasing in top 6 markets with 16% YoY growth to 15.8 million square feet in Q2 2024; Mumbai and Bangalore drive demand

“Flex operators have already leased around 4.4 million sq ft of space in H1 2024, underlining the continued preference of occupiers for flex space,” said Vimal Nadar, a senior director and head of research at Colliers India. are

Others agreed. “Following the resilience shown by the office sector, we forecast a positive outlook for 2024. Growth is driven by multinational companies and global competence centers, with a steady stream of a skilled talent pool. The presence attracts a wide spectrum of companies,” said Sanjay Chatrath. , Managing Partner, Incuspaze.

Also read: Flex office space accounts for over one-third of Delhi-NCR's office leasing activity in Q1 2024.

Leave a Comment

“The Untold Story: Yung Miami’s Response to Jimmy Butler’s Advances During an NBA Playoff Game” “Unveiling the Secrets: 15 Astonishing Facts About the PGA Championship”