Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
IBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.
READ MOREThe hyperflex revolution is reshaping office spaces, emphasizing agility, collaboration, and cost efficiency. Co-working hubs enable remote teamwork, adaptability, and access to premium amenities, redefining traditional work environments. Explore how these flexible spaces enhance productivity and innovation.
READ MOREHyderabad recorded 56% growth in Grade A office space leasing in 2024, reaching 12.5 msft, driven by tech, healthcare, and flex sectors. The city contributed 19% to India’s total leasing activity, dropping vacancy levels by 90 bps. New supply and GCC-led demand position Hyderabad as a key commercial hub.
READ MOREFour major MNCs, including Qualcomm and IBM India, have leased over 870,000 sq. ft. of office space in Hyderabad’s booming IT sector. This surge reflects the city’s robust real estate market and infrastructure development. Hyderabad is solidifying its position as a premier business hub with strong residential and commercial growth.
READ MOREBrigade Group is set to transform Hyderabad’s skyline with South India’s tallest tower in Kokapet. Rising over 200 meters, the landmark will feature World Trade Center-branded office spaces, a seven-story Orion Mall, and a luxury Intercontinental hotel, redefining urban sophistication and boosting Hyderabad’s status as a global business destination.
READ MOREHyderabad is expanding its coworking footprint, with IT Minister Sridhar Babu highlighting the city’s affordable, high-quality spaces. The launch of WeWork in central Hyderabad marks a shift from IT hubs in the West, fostering growth for startups and SMEs. The plan is to develop coworking hubs near the ORR to decentralise business opportunities.
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