BHIVE Workspace starts new co-working centre with 5,000 desks in Bengaluru

Co-working firm BHIVE Workspace on Thursday said it has started a new centre in Bengaluru with a capacity of 5,000 seats as it seeks to tap a rise in demand for flexible office space.

In a statement, the company said it has expanded its co-working portfolio with the addition of Garuda BHIVE Workspace in BTM Layout, Bengaluru.

The co-working centre, developed in collaboration with the Garuda Group, is spread over 2 lakh square feet and will offer over 5,000 seats.

BHIVE has already leased spaces to startups in the healthcare tech, digital banking, insurance and apparel industries.

With the addition of this facility, the total co-working portfolio of BHIVE has reached 14 lakh square feet with a total of 40,000 seats across Bengaluru.

According to FICCI-Colliers India report released recently, the total gross office leasing stood at 50.3 million square feet in 2022 across six cities -- Delhi-NCR, Mumbai, Pune, Bengaluru, Hyderabad and Chennai. Out of this, the co-working operators took on lease 7 million square feet area, which is 14 per cent.

After taking office space on lease from real estate developers and property owners, the co-working operators provide the workspace to corporates.

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