What is the total office space leased by WeWork India in Hyderabad?

WeWork India leased 1,75,953 sq ft of office space at Skyview 20 in Hyderabad.

Who is the end-occupier of the WeWork India leased space in Hitech City?

JP Morgan Services India Pvt Ltd will occupy the entire 1,75,953 sq ft space.

What is the rent difference between WeWork's lease and JP Morgan's sub-lease?

WeWork's lease starts at ₹98 per sq ft, while JP Morgan's sub-lease starts at ₹249 per sq ft.

Home / Business and Economy / WeWork Leases Hyderabad Office, Sub-Leases to JP Morgan

WeWork Leases Hyderabad Office, Sub-Leases to JP Morgan

1 Dec

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Summary

WeWork India leased 1,75,953 sq ft in Hyderabad's Hitech City.
JP Morgan Services India Pvt Ltd will occupy the entire leased space.
A significant rent difference exists between WeWork's lease and sub-lease.

WeWork Leases Hyderabad Office, Sub-Leases to JP Morgan

WeWork India has finalized a major workspace transaction in Hyderabad, leasing 1,75,953 sq ft at the Skyview 20 commercial tower in Hitech City. This space is then being sub-leased entirely to JP Morgan Services India Pvt Ltd.

The initial lease agreement between WeWork India and Mahanga Commercial Properties involves a 60-month term with a monthly rent of ₹1.72 crore. Shortly after, WeWork executed a sub-lease agreement with JP Morgan for the same area, at a significantly higher rent of ₹4.38 crore per month.

This substantial rent differential underscores the value WeWork adds through custom fit-outs, amenities, and services, catering to JP Morgan's demand for managed office solutions. The deal reflects the growing demand for flexible workspaces in Hyderabad, driven by hybrid work models.

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