WeWork has signed a lease for 2 lakh sq ft of commercial office space in Wakad, Pune, with a total rental cost exceeding ₹161 crore (around $19.5 million USD). The leased space is located in the Phoenix Millennium Tower-3, covering the 13th to 17th floors. The lease will commence on January 1, 2026, with the 13th, 14th, and 15th floors leased for 10 years, while the 16th and 17th floors are on a 5-year lease. The monthly rent is set at ₹1.49 crore, with a 12% increase after the first three years, followed by a 13.5% increase every subsequent three years. WeWork has already subleased the 13th to 15th floors to companies like Arctera and TIBCO, starting from August 26 at a rental rate of ₹255 per sq. ft. per month. This move is part of a broader trend in Pune's commercial real estate market, which has seen significant leasing activities from various companies recently.