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Table Space Hyderabad portfolio hits 1.56 million sq. Ft. As DoorDash and global firms drive GCC boom. October 7, 2026 Table Space, India's largest flexible workspace operator by leased area among CBRE-benchmarked peers, has scaled its operational footprint in Hyderabad to 1.56 million square feet of leasable area. The milestone comes eight years after the managed-office provider entered the city as its maiden market in 2017, underscoring how multinational demand - particularly from Global Capability Centres (GCCs) - is transforming prime Indian commercial office absorption. Coinciding with the footprint expansion, global local-commerce heavyweight DoorDash selected Table Space to execute and operate its inaugural Indian talent hub. Structured across two distinct phases - an interim operational facility followed by a long-term enterprise workspace in HITEC City - the deal highlights the deepening integration of the "Workspace-as-a-Service" (WaaS) model among foreign multinationals entering India. Tablespace: key operational & market data. GCCs drive high-conviction leasing. The institutional backing for managed workspaces in Hyderabad reflects broader macroeconomic shifts in corporate India. According to a CBRE Industry Report prepared for Table Space, Hyderabad absorbed roughly 20% of all GCC office leasing across India's top nine commercial hubs between CY2022 and Q1 CY2026, ranking second nationally behind Bengaluru. With more than 515 active GCC establishments as of FY2026, Hyderabad has evolved beyond basic back-office software support into complex engineering, machine learning, and core operations. Together with Bengaluru, the two southern cities house nearly half (48%) of all IT talent within the country's GCC network. For managed workspace providers, this shift alters tenant requirements. Rather than taking speculative raw space and navigating protracted fit-out capex cycles, incoming global enterprises are contracting turnkey managed operators to handle end-to-end site selection, architectural layout, tech integration, statutory compliance, and day-to-day facilities operations. "What is changing in Hyderabad is not simply the number of global enterprises entering the city, but the depth of the mandates being built here," noted Nitish Bhasin, Chief Sales Officer at Table Space. "Companies are adding teams, functions and capabilities, and that is changing what they need from their workplaces - from speed at entry to customisation, technology, compliance and the ability to scale." DoorDash's multi-phase entry follows this template. David Ives, Global Director of Real Estate and Workplace at DoorDash, cited the operational agility of transitioning from a ramp-up facility to a permanent campus in HITEC City as a key factor in partnering with a managed operator. Spatial expansion: from core tech corridors to the Extended periphery. Hyderabad's commercial office inventory reached approximately 113 million square feet of Grade A space in Q1 CY2026. As vacancy tightens in legacy commercial pockets, tenant demand is dispersing geographically: * Primary Tech Corridor: Established clusters including HITEC City, Madhapur, Gachibowli, Raidurg, Kondapur, and Kavuri Hills remain the anchor destinations for institutional occupiers. * Extended IT Corridor: Rapidly emerging micromarkets - led by Nanakramguda, Kokapet, Neopolis, and Kukatpally - have consolidated as the city's second-most active leasing corridor, supported by modern infrastructure and large-scale campus deliveries. Table Space's expansion mirrors this spatial realignment. While anchoring its base in core HITEC City and Gachibowli, its 1.56 million sq. ft. footprint has spread into Neopolis and Nanakramguda, notably taking positions in institutional assets such as Grava Business Park. Table Space IPO: the upcoming market debut. To fuel this massive scale of geographical and operational expansion, Table Space has formally initiated its transition to the public markets. The company filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI on 10 August 2026. The proposed IPO features a hybrid structure: a fresh issue of shares worth INR 800 crore, coupled with an Offer for Sale (OFS) of up to 6.55 crore shares by existing shareholders. The OFS will be predominantly led by Hillhouse Investment-backed AGS TS II Holdings Pte. Demonstrating the institutional gravity of the issue, Table Space has appointed a syndicate of book-running lead managers, which includes Axis Capital, BofA Securities India, CLSA India, IIFL Capital Services, and JM Financial. KFin Technologies has been appointed as the registrar for the issue. The proceeds from the INR 800 crore fresh issue are earmarked for debt repayment and funding inorganic growth via acquisitions - a war chest that will directly support the kind of large-scale, enterprise-grade capacity building currently underway in cities like Hyderabad. De-Risking enterprise portfolios via waas. From an asset-allocation and commercial real estate perspective, Table Space's operating metrics demonstrate significant portfolio insulation against domestic retail volatility: * High-Credit Counterparties: With 92.49% of its leased space occupied by multinational corporations headquartered outside India, and over 53.5% tied directly to GCCs, cash-flow predictability mirrors institutional Grade A developer rolls rather than volatile co-working models. * Mitigated Execution Risk: Large corporate mandates like DoorDash demonstrate that global firms increasingly treat flexible workspace operators not as short-term desk rentals, but as long-term workplace infrastructure partners. * Institutional Real Estate Synergies: As sovereign wealth funds and institutional real estate investment trusts (REITs) deploy capital into Hyderabad's commercial pipelines, partnerships with enterprise-focused operators provide pre-committed tenant pipelines that accelerate asset stabilization. As Hyderabad continues to rival Bengaluru for top-tier foreign enterprise absorption, managed-office operators with proven balance sheets and enterprise delivery records remain prime beneficiaries of India's ongoing GCC boom. Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.

Costco expands on-demand delivery across Canada through DoorDash. October 7, 2026 Costco members across Canada can now order products from their local warehouses through DoorDash, expanding the retailer's delivery options nationwide. "Costco members have expressed an appetite for years to be able to shop from their local warehouse on DoorDash," said Mike Goldblatt, vice-president of enterprise partnerships at DoorDash. "Costco's quality, value, and selection combined with DoorDash's reach and local delivery expertise give members more flexibility in how they shop. We're honoured to see our global partnership continue to grow with Costco, delighting more members worldwide." The partnership allows members to use DoorDash to order groceries, pantry staples, household essentials, beauty products, electronics, seasonal merchandise and other items from the retailer's warehouses. The Canadian launch follows Costco and DoorDash's recently announced partnership in the United States and existing availability in Australia, New Zealand, Sweden, Iceland and Puerto Rico. The rollout gives Costco members another way to shop its warehouse assortment without visiting a store, while extending DoorDash's role in delivering products from the membership-based retailer. Customers can access thousands of items through the DoorDash platform and have their orders shopped and delivered by a Dasher. To use the service, Costco members navigate to Costco on DoorDash and enter their Costco membership ID. Consumers who are not members can follow a link to Costco.ca to purchase a membership before returning to DoorDash to connect their new account. Customers can then select from the available merchandise and complete their order through DoorDash. DashPass members can receive $0 delivery fees and reduced service fees on orders with a subtotal of $85 or more, subject to the terms outlined by the companies. A Dasher shops for the order and provides updates to the customer during the delivery process. The Canadian expansion is the latest development in a broader relationship between Costco and DoorDash that now spans several international markets. The companies said the Canadian launch responds to demand from Costco members for the ability to shop from their local warehouse through DoorDash. Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Co-Editor-in-Chief with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024. October 7, 2026 Subscribe. * indicates required