Architects and workers in a large, unfinished office space in Pune, India.
WeWork India has secured a significant expansion in Pune, leasing over 204,000 square feet of office space in the Wakad area. The agreement, set for a long-term duration, will see the flexible workspace provider occupy five floors within the Phoenix Millennium Tower 3.
The new lease commences with monthly rents starting at ₹73 per square foot, reflecting competitive rates in Pune’s burgeoning commercial real estate market. This strategic move by WeWork India underscores the increasing demand for managed and flexible office solutions, particularly in emerging business hubs like Wakad.
The expansion is indicative of a broader trend where companies are seeking agile workspace arrangements to accommodate evolving workforce needs and optimize operational costs. WeWork’s continued investment in key Indian cities highlights its commitment to capturing market share in one of the world’s fastest-growing economies.
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