Deal Snapshot: Flexible Workspace Expansion in Hebbal
BHIVE Workspace has expanded its presence in Bengaluru by leasing office space at Phoenix Asia Towers in Hebbal, where it plans to launch its premium offering, “BHIVE Platinum Plus.” The move reflects continued demand for managed office spaces in North Bengaluru’s fast-growing commercial corridor.
The development marks another addition to BHIVE’s portfolio of flexible workspaces across key business districts in the city.
Location Advantage: Why Hebbal Continues to Attract Office Demand
Hebbal has emerged as a strategic commercial hub due to its connectivity and proximity to major infrastructure.
Key Location Highlights
- Close to Kempegowda International Airport
- Seamless access via Outer Ring Road (ORR)
- Strong presence of IT parks and corporate offices
- Upcoming metro connectivity under Phase-2B
The presence of Grade A office developments like Phoenix Asia Towers has strengthened Hebbal’s positioning as a preferred micro-market for workspace operators.
What is ‘BHIVE Platinum Plus’?
The “Platinum Plus” offering is positioned as a premium managed workspace solution targeting enterprises and high-growth startups.
Core Features Expected
- Fully managed office infrastructure
- High-end interiors and workspace design
- Enterprise-grade amenities
- Flexible leasing options
- Scalability for growing teams
This aligns with the rising demand for plug-and-play office formats in Bengaluru.
Commercial Real Estate Trends Driving the Move
The expansion comes at a time when flexible workspace operators are scaling aggressively in Bengaluru.
Market Drivers
- Increased demand for flexible leasing models
- Growth of startup and remote-first companies
- Cost optimisation by enterprises
- Rising absorption in Grade A office assets
North Bengaluru, particularly Hebbal, has seen consistent leasing activity due to infrastructure upgrades and corporate expansion.
Project Overview: Phoenix Asia Towers
| Parameter | Details |
|---|---|
| Project Name | Phoenix Asia Towers |
| Location | Hebbal, North Bengaluru |
| Asset Type | Grade A Commercial Office |
| Tenant | BHIVE Workspace |
| Offering | BHIVE Platinum Plus |
| Micro-market | Airport Corridor / North Bengaluru |
Real Estate Impact: Hebbal Office Market Outlook
The entry of managed workspace providers into premium office towers is expected to influence the commercial real estate landscape.
Potential Impact
- Increased occupancy rates in Grade A buildings
- Higher rental benchmarks in Hebbal micro-market
- Growth in co-working and managed office segment
- Enhanced attractiveness for corporate tenants and investors
The trend also reflects a shift towards flexible office ecosystems within large commercial developments.
Conclusion: Strengthening North Bengaluru’s Office Ecosystem
BHIVE’s expansion into Phoenix Asia Towers highlights the growing importance of North Bengaluru as a commercial hub. With infrastructure improvements and rising demand for flexible workspaces, Hebbal continues to witness steady real estate activity.
Also Read: Bengaluru Metro Signs ₹40 Crore Agreement with Bagmane for ORR Station Development
