DLF leases 2.25 lakh sq ft office space to US co-working player WeWork
India’s largest realty firm DLF has given on lease about 2.25 lakh sq ft of office space in Gurgaon to US-based co-working major WeWork, sources said. Earlier, DLF had also provided around 60,000 sq ft office space on lease to co-working operator Skootr. The demand for co-working space is rising in India due to affordable rents and flexible working options.
According to media reports, DLF has leased this space to WeWork in Cyber City, Gurgaon for about Rs 130 per sq ft monthly rental.
DLF has over 30 million sq ft of commercial space, most of it in Gurgaon.The realty major is developing an office project in Gurgaon and has recently bought 12 acre land in the city for Rs 1,500 crore.
WeWork, the platform for creators that provides space, community and services to help people make a life, has recently entered the Delhi-NCR market with launch of its collaborative space in Gurgaon. This was the 6th location by WeWork in India. It has co-working space at three locations in Bengaluru and two in Mumbai.