How is Gurugram's Office Space Evolving?

In a major development for Gurugram’s real estate market, Smartworks has leased an impressive 4.7 lakh square feet of office space in DLF City, committing to an annual rent of ₹94 crore. This move highlights the growing demand for flexible and innovative workspaces in the region, as companies increasingly seek environments that foster collaboration and productivity. Smartworks, the co-working solutions company, is leveraging the hybrid work model being adopted by companies as it necessitates flexible office space to cater to teams of different sizes and functions.

The sheer scale of this leasing underlines confidence in Gurugram as a premier business destination, which has started to attract startups and large established businesses. Strategically located, DLF City is fast turning out to be a preferred hub for companies, especially those seeking to operate efficiently while enabling their employees with an ideal place of work. This trend goes a long way in reshaping the office spaces landscape in Gurugram and promoting the growth of the real estate sector in that region.

The growing numbers of organizations becoming aware of the benefits of flexible workspaces mean that such facility demand is sure to rise and further entrench Gurugram as a number one destination for corporate offices. The Smartworks lease stands in testament to that changing landscape with the evolving face of work, and how workplaces are changing as well.