Table Space Reports 41% YoY Growth in FY25, Driven by Rising GCC Demand

Table Space, the top managed workspace player, has achieved a stupendous 41% growth year on year in FY25, with its overall portfolio growing to 10.5 million sq ft. The rise in demand from Global Capability Centres (GCCs) has been a primary driver of the growth of the company across India's major metropolitan clusters.

 

The growth of the company was focused on seven key business centers Bengaluru, National Capital Region (NCR), Pune, Hyderabad, Mumbai, and Chennai. Of these, Bengaluru took the lead by adding 980,000 sq ft, which represented close to one-third of the entire portfolio addition. It was trailed by NCR (682,000 sq ft), Pune (542,000 sq ft), and Hyderabad (415,000 sq ft), highlighting Table Space's increasing presence in India's key commercial hubs.

 

Industry-wise, leasing demand was led by software, IT, and ITeS industries, followed by banking, financial services and insurance (BFSI), and the healthcare, pharma, and biotech sectors. The company also witnessed a substantial growth in leasing velocity over the last fiscal year, indicating a robust momentum in client acquisition across various industry verticals.

 

In FY25, Table Space expanded by 3.01 million sq ft via 16 new centers launched, with 76% of this expansion being in the premium, managed workspace category. Such centers comprise Grade A properties developed by India's topmost developers, reflecting the company's focus on high-grade infrastructure, customized design, and scale.

 

Karan Chopra, Table Space Chairman and Co-CEO, said, "Our growth strategy is about growing in high-potential micro-markets in India's key business markets. Every new center is a strategic reaction to the changing needs of enterprise customers".

 

One of the year's major highlights was the quick growth of Table Space's 'Suites' its ready-to-move-in workspace solution of choice. The seat count increased more than six times from 1,801 in FY24 to 11,461 in FY25, led by increasing adoption across enterprises of all sizes.

 

"FY25 has been a milestone year. Our end-to-end managed workspace solutions from ready-to-move-in Suites to bespoke, design-driven environments—continue to draw a diverse portfolio of enterprise clients", said Co-CEO Kunal Mehra.