Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Flexible workspaces rapidly transform the office landscape, offering businesses cost savings, agility, and premium amenities. With India’s flex space stock exceeding 50 million sq. ft. in Q2 2024 and 80% of occupiers planning expansion, the trend signals a shift from traditional leases to scalable, hybrid-ready solutions for modern enterprises.
READ MOREIndia’s commercial real estate sector is witnessing a green revolution as businesses prioritise sustainability. With rising demand for eco-friendly offices, developers are focusing on green-certified spaces. Despite slightly higher initial costs, these buildings offer long-term savings, ESG benefits, and government incentives, making them the future of workplace leasing.
READ MOREDelhi-NCR has surpassed Bengaluru as India’s top flex office market, securing a 42% share in leasing. NCR is driving India’s flex office boom with strong corporate demand, premium infrastructure, and expanding green-certified workspaces. Its continued growth signals a shift toward hybrid work models and sustainable commercial real estate.
READ MOREWoCO has unveiled WoCO One, a luxurious and sustainable commercial space in Gurugram. Combining cutting-edge technologies, eco-friendly designs, and a prime location, WoCO One sets a new benchmark in workspace leasing, offering modern businesses a blend of innovation, sustainability, and luxury in a prestigious environment.
READ MOREDelhi-NCR is witnessing a surge in demand for office space, with MNCs leasing nearly 51 lakh square feet in the past two years for Global Capabilities Centres (GCCs), marking a 4% annual growth, with India’s growing economic influence attracting GCCs across multiple sectors like engineering and manufacturing.
READ MOREChennai’s office space market is expected to exceed 100 million square feet by 2026, up from 89 million sqft. Industry policies, investments, and growing sectors like BFSI, life sciences, and GCCs drive this growth. The life sciences sector saw a 60% increase in space absorption in 2024.
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