Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Amid U.S.-China trade tensions and falling rents, Asia-Pacific office tenants favour flexible workspaces and short-term leases. Landlords prioritise tenant retention, while markets like India and Southeast Asia show resilience. Hong Kong remains the priciest despite a prolonged slump, with regional office supply expected to rise further.
READ MOREIndia’s commercial real estate market is booming, with vacancy rates hitting record lows in significant cities. Awfis MD Amit Ramani attributes this to rising urbanisation, increased demand from IT firms, and a strong return-to-office trend, with flexible workspaces playing a key role in driving growth.
READ MOREChennai’s commercial real estate market is on track to surpass 100 million sq ft by 2026, driven by strong occupier demand, infrastructure upgrades, and a growing coworking segment. Key micro-markets and steady rental growth underline its appeal as a leading business hub with rising investor confidence.
READ MOREAwfis Space Solutions has partnered with ECOS Mobility to provide premium, chauffeur-driven corporate transportation services across India. This collaboration expands Awfis’ service portfolio, addressing commuting challenges employees face and enhancing the overall business experience with seamless mobility solutions for Global Capability Centers and enterprise clients.
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