GCC Boom Fuels Office Space Demand: Table Space Report
22 APR 2025 / 01 min read
Table Space, a managed workspace provider, has reported a 41% year-on-year growth in FY25, with its portfolio reaching 10.5 million sq ft, driven by demand from Global Capability Centres (GCCs) in India.
Table Space, a managed workspace provider, has reported a 41% year-on-year growth in FY25, with its portfolio reaching 10.5 million sq ft, driven by demand from Global Capability Centres (GCCs) in India.
According to the company, one-third of the overall portfolio addition came from Bengaluru, with the city contributing 980,000 sq ft of office space. Other major contributors included the National Capital Region (682,000 sq ft), Pune (542,000 sq ft), and Hyderabad (415,000 sq ft).
“The accelerating demand from GCCs expanding in India has been a key driver of our growth”, said Kunal Mehra, Co-CEO of Table Space, as quoted by Hindustan Times.
GCCs, which are Indian subsidiaries of multinational companies, have been increasingly setting up operations in the country, leveraging India’s large talent pool and cost advantages. The sectoral leasing demand was led by software/IT/ITeS, followed closely by banking, financial services and insurance (BFSI) and healthcare, pharma and biotech.
Table Space’s growth strategy is focused on expanding in high-potential micro-markets across India’s major business hubs, including Bengaluru, NCR, Pune, Hyderabad, Mumbai, and Chennai. The company added 3.01 million sq ft to its portfolio in FY25, with 16 newly launched centers contributing 76% of premium, managed workspaces.
“Our unique strength lies in offering a full-spectrum managed workspace solution designed for enterprises”, Mehra said, highlighting the company’s ability to cater to the diverse needs of large enterprises.
The growth of GCCs in India is expected to continue, driven by the country’s favorable business environment and large talent pool. As Karan Chopra, Chairman and Co-CEO of Table Space, noted, “Each new center is a strategic move to serve the evolving demands of enterprise clients across diverse sectors”.
