Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Flexible office spaces rapidly grow as businesses seek adaptable, short-term solutions in the post-pandemic era. With increasing demand from startups and corporations, these spaces promote collaboration and productivity. By 2025, 50% of companies plan to allocate 10% of their office portfolios to flexible workspaces.
READ MOREThis article explores how CRE Matrix addresses key challenges in India’s commercial real estate market, such as lack of transparency and data fragmentation. It highlights the rise of flexible workspaces, sustainability trends, and the growing importance of data-driven decision-making in shaping the industry’s future.
READ MORENvidia has renewed its 10-year lease for 375,000 sq ft of office space in Pune’s Yerwada at Commerzone Tower. The deal includes a 5% annual rent escalation. This renewal underscores Nvidia’s commitment to India’s growing tech landscape, focusing on AI, GPUs, and cloud computing innovations.
READ MOREBangalore’s coworking spaces are thriving, catering to startups, freelancers, and businesses with flexible office solutions. From WeWork to Awfis, discover top options offering creative, collaborative, and professional environments with amenities and pricing tailored for all needs.
READ MOREIn Q3 2024, office space absorption in India’s top six cities surged 31% year-on-year, driven by large deals in Bengaluru, Hyderabad, and Pune. The tech and BFSI sectors led demand, with 17.3 million sq ft leased. New Grade A office supply also grew by 33%, reflecting a strong market recovery.
READ MOREM3M has leased 220,000 sq. ft. to Incuspaze at M3M Urbana Premium in Gurugram. This deal reflects rising demand for flexible workspaces, with Incuspaze expanding across India. The flexible workspace market is projected to grow significantly by 2030, offering scalable solutions for businesses. M3M plans to lease 2 million sq. ft. in 2024.
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