Exciting Google Office Lease: 550,000 Sq Ft in Gurugram
US technology giant Google has secured a significant office lease agreement for 550,000 sq ft at a commercial complex in Gurugram with Table Space, a managed workspace provider. This transaction ranks as one of the largest managed workspace deals in India to date, according to sources familiar with the deal.
The Google office lease also includes an option for the company to expand its footprint by an additional 200,000 sq ft, potentially increasing the total leased area to 750,000 sq ft. Google’s expansion in India signals its growing presence in the region, as the tech giant has been seeking large office spaces for over a year. The deal with Table Space was finalized recently, further strengthening Google’s operations in India.
While the specifics regarding the lease duration and financial details remain undisclosed, this Google office lease follows Google’s 2022 decision to vacate a 700,000 sq ft office space in Gurugram. This shift indicates the company’s ongoing commitment to adapting its workspace strategy in response to evolving business needs.
In the same complex, other tech industry giants such as IBM and Ciena have also made significant leasing moves. IBM secured 260,000 sq ft, while Ciena took up 135,000 sq ft of office space, underscoring the increasing demand for Grade A office spaces.
The growing demand for office spaces is largely fueled by the return-to-office trend among technology firms, alongside additional factors such as the rise of global capability centres (GCCs), flexible workspace operators, and the expansion of unicorn startups. Big Tech companies, in particular, are driving this demand, with India emerging as a global leader in office leasing.
In 2024, office space leasing in India is forecasted to reach a record 83-85 million sq ft, marking a 13% increase over the previous peak in 2023, according to Cushman & Wakefield. India is set to contribute nearly 70% of the total net absorption within the Asia-Pacific region by the end of the year, surpassing markets like the US and China.
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