Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
TableSpace has acquired 5 lakh square feet of office space in Bengaluru’s Whitefield for ₹500 crore, marking its second major property purchase. This expansion strengthens the company’s leadership in enterprise-managed workspace solutions. Post-pandemic demand for flexible office spaces drives the company’s rapid growth in key markets like Bengaluru.
READ MORETable Space is set to expand its footprint in India, leasing over 2.5 MSF across Chennai, Mumbai, Hyderabad, and Bengaluru. This move targets rising demand for flexible workspaces, with strategic leases in prime locations to accommodate the growth of multinational companies and various industries.
READ MORESynq.Work plans to invest Rs. 60 crore to expand its seating capacity from 3,200 to 12,000 by December 2025. The company will add 600,000 sq ft to its portfolio, focusing on new metro cities like Bangalore, Pune, and Hyderabad, enhancing its client-centric and community-building office solutions.
READ MOREIn Q1 2024, Delhi-NCR’s office leasing soared to 4.03 million sq ft, with flex spaces accounting for over a third. NH-8 Gurugram and Noida City led, highlighting a shift towards flexible work environments in prime commercial hubs.
READ MOREA CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
READ MOREState Street Corporation leases 250,000 sq. ft. at Mumbai’s BKC for ₹350 crore, establishing a Global Capability Center. The Equinox Business Park deal reflects India’s growing appeal for multinational firms, driven by a skilled workforce and cost benefits. BKC’s premium location sees 99% occupancy, underscoring demand for commercial real estate.
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