Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis has launched its first flexible workspace in Lucknow’s Gomti Nagar, spanning 47,694 sq ft. The centre supports startups, entrepreneurs, and businesses with Grade-A infrastructure, advanced amenities, and strategic connectivity. This expansion strengthens Awfis’ presence in Tier-II cities and aligns with Lucknow’s transformation into a vibrant commercial hub.
READ MOREPune’s office space market grew 19% in 2024, leasing 80 lakh sq ft, driven by global firms, technology companies, and flexible workspaces. New supply surged 58%, and rentals reached ₹77 per sq ft. With Grade A spaces in demand and GCCs dominating, Pune is emerging as a top business hub.
READ MOREMumbai’s office leasing reached 12.1 million sq ft in 2024, driven by BFSI, technology, and flexible space sectors. National leasing hit a record 79 million sq ft, with sustainability gaining traction as green-certified spaces accounted for 56% of activity. Mumbai remains a key player in India’s evolving commercial real estate market.
READ MOREIndia’s office market reached record highs in 2024, with 50 million sq ft net absorption and 79 million sq ft leased. Global Capability Centres (GCCs) led demand, accounting for 37% of activity. Bengaluru dominated with 28% absorption. Flexible space leasing surged 52%, reflecting India’s growing role as a global office hub.
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