Urban Vault Leases 80,000 sq ft of Office Space in Bengaluru’s Manyata Tech Park

Urban Vault, one of India’s fastest-growing coworking and flexible office space providers, has made headlines by leasing 80,000 sq ft of prime office space at Manyata Tech Park, Bengaluru. This expansion underlines the increasing demand for Grade A commercial real estate in India’s tech capital and reflects the evolving needs of startups, SMEs, and large enterprises seeking hybrid workspace models.

With Bengaluru emerging as a global hub for IT services, startups, and multinational companies, coworking operators like Urban Vault are playing a pivotal role in reshaping how modern businesses utilize office spaces. The new lease at Manyata Tech Park reinforces the trend of flexible workspace adoption in India’s commercial real estate sector.

Urban Vault’s decision to secure 80,000 sq ft of office space at Bengaluru’s Manyata Tech Park is a strategic step in its expansion journey. Manyata Tech Park is one of the city’s largest IT hubs, housing companies such as IBM, Cognizant, and Philips, making it an ideal location for flexible workspace solutions.

Key highlights of the lease include:

Leased Area: 80,000 sq ft Location: Manyata Tech Park, Hebbal, Bengaluru Objective: Expanding Urban Vault’s coworking and managed office portfolio Target Clients: IT firms, startups, and enterprises adopting hybrid work models

This move positions Urban Vault as a serious player in Bengaluru’s premium office market, catering to companies seeking scalability, flexibility, and cost efficiency.

Manyata Tech Park is one of Bengaluru’s most sought-after commercial hubs, and Urban Vault’s expansion here is no coincidence. Several factors make this location highly attractive:

Prime IT Hub – Hosting over 100 companies, the park attracts thousands of professionals daily.

Connectivity – Excellent access to the airport, Outer Ring Road, and central Bengaluru.

Grade A Infrastructure – World-class facilities, modern amenities, and eco-friendly designs.

Vibrant Ecosystem – A mix of IT, BFSI, and multinational corporations makes it an innovation hub.

By choosing Manyata Tech Park, Urban Vault is positioning itself to serve both established enterprises and emerging startups looking for high-quality office space in a prime location.

The leasing deal highlights a larger trend—the rise of coworking spaces in India’s top cities. Bengaluru, being home to thousands of startups and tech firms, has seen explosive demand for flexible office setups.

Hybrid Work Culture: Post-pandemic, companies are shifting toward hybrid models that combine remote and in-office work.

Scalability: Coworking allows businesses to scale up or down without long-term commitments.

Cost Efficiency: Shared resources and managed services reduce operational costs.

Networking & Collaboration: Startups and SMEs benefit from being in a collaborative ecosystem.

Urban Vault’s new leasing move is perfectly aligned with these market shifts, making it a timely and strategic decision.

The 80,000 sq ft lease has broader implications for the Bengaluru commercial real estate market:

Boosts Coworking Sector – Strengthens the position of coworking operators as major tenants in IT parks.

Drives Demand for Grade A Spaces – Manyata Tech Park’s occupancy is expected to rise further.

Encourages Flexible Leasing – Traditional landlords may adopt more flexible lease models to attract operators.

Investor Confidence – Large-scale coworking deals indicate long-term confidence in India’s office sector.

This expansion also signals that Bengaluru continues to be the epicenter of India’s commercial real estate growth, especially in the flexible workspace segment.

Urban Vault has been steadily scaling up its presence across India, with Bengaluru being its strongest market. The new lease reflects a broader growth strategy aimed at:

Expanding into IT Hubs – Targeting prime business parks in major cities.

Catering to Enterprises – Offering managed solutions for companies with 100–1,000+ employees.

Focus on Hybrid Needs – Creating spaces that support remote work integration.

Sustainability & Innovation – Designing eco-friendly, tech-enabled offices.

Market experts expect Urban Vault to explore further expansion in Hyderabad, Pune, and Gurugram, aligning with the rising demand for premium flexible spaces.

Bengaluru continues to lead India’s commercial real estate market, contributing nearly 30–35% of annual office space absorption. Several factors explain why the city remains the first choice for operators like Urban Vault:

Startup Capital of India – Thousands of tech startups fuel constant demand.

IT & Global Capability Centers (GCCs) – Multinationals are expanding their presence in Bengaluru.

Young Workforce – A dynamic talent pool drives innovation and growth.

Strong Investor Backing – Private equity and institutional investors view Bengaluru as a stable CRE market.

Urban Vault’s presence at Manyata Tech Park enhances the city’s profile as a global hub for modern workspaces.

The Urban Vault leasing deal is part of a much larger trend—the mainstreaming of coworking in India’s office market. By 2030, experts predict that coworking could account for 25–30% of all commercial real estate absorption.

Emerging trends include:

Enterprise Adoption – Corporates shifting to coworking for agility.

Tier-2 Expansion – Smaller cities witnessing rising demand for flexible offices.

Tech-Driven Workspaces – AI, IoT, and automation enhancing workplace efficiency.

Green Workspaces – Sustainability becoming a core part of leasing decisions.

Urban Vault’s expansion into Manyata Tech Park positions it at the forefront of this transformation.

Urban Vault’s 80,000 sq ft leasing deal at Manyata Tech Park is a milestone not just for the company but also for Bengaluru’s commercial real estate sector. It highlights the growing dominance of coworking and flexible office operators in India’s premium office spaces.

For Urban Vault, this expansion cements its role as a key player in the coworking ecosystem, capable of catering to enterprises, startups, and hybrid teams alike. For Bengaluru, it reinforces its status as India’s undisputed leader in commercial real estate absorption and innovation hubs.

Urban Vault has leased 80,000 sq ft of office space at Manyata Tech Park, Bengaluru, marking a major expansion in the coworking sector. The deal highlights the rising demand for flexible, Grade A office spaces in India’s IT hubs. With hybrid work models gaining popularity, Manyata Tech Park’s strategic location makes it an ideal choice. The move strengthens Bengaluru’s position as India’s leading commercial real estate market while underlining Urban Vault’s ambitious growth strategy and commitment to shaping the future of coworking in India.