Accenture has significantly expanded its presence in Coimbatore, securing an additional 1.09 lakh square feet of office space at Tidel Park on a five-year term. This transaction, involving a monthly rent exceeding ₹83 lakh, signals robust corporate demand in India's emerging Tier-II commercial hubs.

Industry reports indicate that India's commercial real estate landscape has experienced a significant transformation as global capability centers and multinational corporations increasingly prioritize premium office spaces that align with environmental, social, and governance objectives.

State Street’s 2.1 lakh sq ft lease in Coimbatore highlights the surge in office space demand in India’s Tier-II cities. Discover why companies are shifting to smaller cities for cost efficiency, skilled talent, and flexible work models.

Awfis Space Solutions is scaling up in tier-II cities as demand for shared offices surges post-pandemic, driven by ecommerce, IT services, and global capability centers.

Company demand for flexible workspaces will peak in 2024. In the first half of 2023, 106,554 seats have been rented, compared to 155,000 for the year. Leasing is growing rapidly due to economic development, changing work dynamics, and the necessity for cost management.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.