Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
A new JLL report reveals that 62% of India’s Grade A office spaces across significant cities require retrofitting to stay relevant. With a Rs 45,000 crore investment opportunity, this shift is set to reshape the office market, driven by demand for sustainable, tech-enabled, and experience-driven workspaces.
READ MOREMumbai led India’s office space boom in Q1 2025 with a 63% leasing surge, driven by BFSI demand. Pan-India absorption hit 18 million sq. ft., with significant contributions from Bengaluru, Delhi-NCR, and GCCs. Sustainability also gained momentum, with 81% of leasing in green-certified buildings.
READ MOREKolkata led India in office rental growth in Q1 2025 with a 9% rise despite a dip in leasing activity. Key deals and infrastructure improvements are fueling demand. The city also saw a surge in mid-range home sales, signalling strong momentum in both commercial and residential real estate markets.
READ MOREIndia’s industrial and logistics leasing jumped 18.5% in Q1 2025, reaching 160 lakh sq ft across 24 cities, led by Tier-I hubs. Manufacturing and 3PL sectors drove demand, while new supply rose 23%. According to Savills India, tier II and III cities are emerging as key contributors.
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