Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Ofis Square has expanded its premium coworking space within Vatika Business Park, adding 1 lakh sq. ft. to meet rising demand in Gurugram. Founder Saroj Mittal emphasizes its commitment to flexible, high-tech workspaces. Bollywood actress Shraddha Kapoor remains the brand ambassador, reinforcing its image as a modern, dynamic workspace provider.
READ MOREIndia’s office leasing market hit 81.7 million square feet in 2024, a 19% rise from 2023, driven by IT expansion and flexible workspaces. Bengaluru, Hyderabad, and Mumbai led the surge, while co-working demand grew by 30%. Vacancy rates dropped, and rental prices increased amid vigorous corporate leasing activity.
READ MOREThe BFSI sector leased a record 135 lakh sq ft of office space in 2024, surpassing previous years. A JLL India report highlights its steady 17-18% share in total leasing. Foreign firms dominated with 68.3% of demand. This growth cements BFSI’s key role in India’s commercial real estate market.
READ MOREThe article explores the transformation of Indian workspaces, highlighting trends like hybrid models, sustainability, employee-centric designs, and technology integration. It delves into regional preferences, wellness-driven layouts, and brand-aligned aesthetics. Featuring insights from Meghna Vajani, MD of Space Matrix, it discusses customized office solutions and industry-driven workplace innovations in India.
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