Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India leads the Asia-Pacific office market, driving over 70% of Q3 2024 leasing demand, fueled by a 10.7% YoY surge in regional activity. With rising rental rates, robust absorption in Bengaluru and Hyderabad, and 1.34 million square meters of new completions, India cements its position as the APAC market leader for 2025.
READ MOREMorgan Stanley has launched a new office that spans one million square feet in Oberoi Garden City, Mumbai, consolidating operations for 8,500 employees. The campus is designed to promote collaboration, inclusivity, and sustainability and targets LEED Gold certification. It includes childcare, wellness spaces, and fitness facilities, highlighting Morgan Stanley’s commitment to India as a key hub for innovation and growth.
READ MOREMySoho is transforming India’s Tier-II cities by boldly expanding into 25 locations by 2025. It offers premium, flexible office spaces tailored for startups, SMEs, and IT firms. Focused on private offices and customisable layouts, MySoho’s asset-light model enables rapid growth, setting a new standard in emerging urban workspaces.
READ MOREIndia now leads the Asia-Pacific office market, capturing 70% of new office space supply with over 14.4 million sq ft completed in Q3. Driven by strong demand, India’s office sector will add 54-64 million sq ft of Grade A space in 2024, reinforcing its APAC market prominence.
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