Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office leasing hit 66.4 million sq ft in 2024, led by Bengaluru, Hyderabad, and Mumbai. Flexible workspaces saw a 45% growth, contributing 20% to demand. Tech, BFSI, and large deals drove leasing while steady supply kept vacancy stable. Experts predict sustained momentum in 2025 and beyond.
READ MOREHyderabad recorded 56% growth in Grade A office space leasing in 2024, reaching 12.5 msft, driven by tech, healthcare, and flex sectors. The city contributed 19% to India’s total leasing activity, dropping vacancy levels by 90 bps. New supply and GCC-led demand position Hyderabad as a key commercial hub.
READ MOREIndia’s green building footprint has reached 10.25 billion sq ft, driven by sustainable real estate practices. With innovations like Net Zero Energy Buildings and advanced water recycling, developers are aligning with ESG goals. Green-certified spaces are reshaping urban growth, attracting global investors, and promoting cost-efficiency, resource conservation, and environmental responsibility.
READ MOREHyderabad is expanding its coworking footprint, with IT Minister Sridhar Babu highlighting the city’s affordable, high-quality spaces. The launch of WeWork in central Hyderabad marks a shift from IT hubs in the West, fostering growth for startups and SMEs. The plan is to develop coworking hubs near the ORR to decentralise business opportunities.
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