Table Space, India’s leading provider of managed office solutions, has announced significant expansion plans across Chennai, Mumbai, Hyderabad & Bengaluru. The company has leased over 2.5 million sq ft in the four cities in response to rising demand in key micro markets. As the company continues to redefine the future of workspaces, this move marks a major milestone in Table Space's growth trajectory.
In Chennai, Table Space has leased over 500,000 sq ft at Mapletree Global Infocity Park and 160,000 sq ft with DLF, acquiring two large Grade A properties. With these recent additions, Table Space now has three assets in Chennai, including KRC Commerzone in Porur. This expansion highlights Table Space's commitment to fostering growth and development within the Chennai market, which has seen extraordinary growth from 6 million sq ft to 10 million sq ft as per a CBRE Report.
In Mumbai, the company has signed three new Grade A leases - adding 55,000 sq ft in Oberoi Commerz III, Goregaon, 200,000 sq ft at Runwal R-Square, Andheri, and 29,000 sq ft at the Raheja Altimus Worli. Table Space plans to add another 500,000 sq ft in Mumbai in the next 12 months to cater to the city's escalating demand for managed workspaces, particularly from the BFSI, technology, engineering, and manufacturing firms.
Hyderabad as a market has witnessed a surge in demand for flexible workspace solutions driven by GCC’s seeking Grade A assets. Table Space has acquired 260,000 sq ft in Building 4, Mindspace IT park, with a growth option of an additional 250,000 sq ft. There are plans to secure an additional 500,000 sq ft over the next 12 months within the prominent HITEC City and Financial District, a micro market that has seen strong interest from clients.
In Bengaluru, the largest flex workspace market in India and one of the most mature Grade A office markets has seen rising demand for premium workspaces by the IT/ITeS, consulting firms and other sectors. Catering to this demand, Table Space lease out premium Grade A assets in the Central Business District (CBD) - the heart of Bengaluru with 55,000 sq ft at UB City, and 100,000 sq ft at Café Coffee Day Square. There are further plans to secure another 500,000 sq ft in the Whitefield area.
Kunal Mehra, President of Table Space, said, “India is witnessing high growth in the larger flexible workspace market. This is fueled by an influx of multi-national companies (MNCs), global capability centers (GCCs) and the larger industrial expansion driving an increase in demand for premium offices and custom managed solutions. Table Space has been a pioneer in Managed Office solutions and the expansion plans are in line with the positive and healthy outlook of the market.”
“We are at the forefront of the flexible workspace industry, particularly with the surge in demand for managed workspaces where Table Space is a market leader," said Amit Banerji, CEO & Founder of Table Space. “We are expanding our presence across key metros, as they are becoming increasingly attractive to clients due to their strategic location, robust infrastructure, and a supportive business environment. We are excited to be part of this growth story as we continue to expand our presence and provide world-class workspace solutions to our clients.”
With over 9.5 million sq ft, and 60+ centers across seven cities, Table Space’s new acquisitions in Chennai, Mumbai, Hyderabad, and Bengaluru mark a strategic move to further strengthen their leadership position in the category.
