Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Explore five creative strategies to repurpose underutilised office spaces in India. From strategic subleasing to transforming spaces for artists and social initiatives, discover how to add value and engage the community.
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READ MOREPrime office rents in the Asia-Pacific region saw a 3.1% decline in Q2 2024, driven by a sharp drop in Chinese cities. Conversely, India experienced a surge in office leasing, with significant growth in Bengaluru and Mumbai. Australia’s market grew, while Southeast Asia and New Zealand had mixed results.
READ MOREIncuspaze partners with Bhutani Infra to lease 4 lakh sq ft in Noida’s Alphathum, marking a significant expansion in North India. Facilitated by Colliers, this move reinforces Incuspaze’s commitment to providing top-tier flexible workspaces across the region.
READ MOREAI and robotics firms led office space absorption in Bengaluru in Q2 2024, contributing 21% to the city’s total. The IT-ITeS sector dominated with 69% overall absorption. Nationwide, office space demand surged, driven by strong economic performance. New completions rose significantly, particularly in Mumbai and Bengaluru.
READ MOREAmitabh Bachchan has acquired three office units worth Rs 59.58 crore in Mumbai’s Signature Building, Andheri, totalling 8,429 sq ft and including three parking spaces. Additionally, he invested Rs 14.5 crore in a 10,000 sq ft plot at The Sarayu, a luxury enclave in Ayodhya.
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