Google Leases 5.5 Lakh Sq Ft Office Space in Gurugram, Expanding its Presence in India
US tech giant Google has leased 550,000 square feet of office space at a commercial complex in Gurugram. The deal, brokered with managed workspace provider Table Space, is considered one of the largest managed office lease transactions in the country to date. This strategic expansion highlights Google’s ongoing efforts to scale its operations in India, a market that has become increasingly crucial for global tech companies.
The lease agreement also includes an option for Google to lease an additional 200,000 sq ft in the future, potentially bringing the total leased space to 750,000 sq ft. This flexibility gives Google the room to further expand its footprint as its operations in India grow. In addition to the current lease, reports suggest that Google is in discussions to lease an entire office tower in Gurugram, indicating its long-term commitment to the region. “Google has been looking for large office spaces in India for over a year,” said a source familiar with the deal. The collaboration with Table Space, a managed workspace provider, is part of Google’s strategy to maintain a flexible and scalable office setup, ideal for its evolving business needs.
Google’s move follows a broader trend of tech companies securing significant office spaces in India, driven by the return-to-office policies and the growing need for global capability centres (GCCs). Other global tech giants have also been making substantial office space commitments in Gurugram and other major Indian cities. Notably, IBM leased 260,000 sq ft of office space at the same complex, while Ciena, a US-based networking company, picked up 135,000 sq ft. The demand for Grade A office space in India has been robust, with a significant portion of the absorption attributed to the tech sector. According to realty consultancy Cushman & Wakefield, office space leasing in India is expected to hit a record 83-85 million sq ft in 2024, a 13% increase over the previous peak in 2023. This growth is largely driven by the increasing footprint of unicorn startups, the rise of flexible workspace providers, and the ongoing expansion of major tech firms like Google.
Gurugram, a thriving corporate hub near New Delhi, has become a key location for office space leasing, especially in the technology and outsourcing sectors. Its proximity to the national capital, combined with modern infrastructure and a growing talent pool, makes it an attractive destination for global corporations looking to expand in India. In addition to major tech players, flexible workspace operators and global capability centres (GCCs) have contributed to the absorption of office space in the region. The demand for office space is expected to remain strong in the coming years as India solidifies its position as a global leader in office leasing, with a significant portion of the market share in the Asia-Pacific region.
As tech giants like Google continue to expand their operations in India, demand for office space, especially in Grade A buildings, is expected to stay robust. Industry experts predict that the ongoing expansion of Big Tech companies, the rise of startups, and the return-to-office trend will sustain the demand for office space in India for the foreseeable future. With India outpacing other markets like the US and China in office leasing, the country’s commercial real estate sector looks poised for continued growth. Google’s latest office lease deal underscores its strategic focus on India as a key market for future growth and innovation.