Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Chennai surpassed Bengaluru and Hyderabad in MNC office leasing in 2023, securing 7 million square feet. Driven by competitive rents and robust infrastructure, Chennai’s market thrived, especially in the global capability centre sector, positioning it as a leading destination for multinational corporations.
READ MORENine proven strategies to manage work stress and elevate your career success effectively! From prioritising tasks, setting realistic goals, establishing boundaries, and practising mindfulness, below are the top actionable steps to reduce stress, increase productivity, and achieve a healthier work-life balance. Learn how to take control of your well-being and thrive in your professional endeavours.
READ MOREEmerging from the pandemic, businesses are pivoting towards co-working spaces, seen as the future of office setups. In India, these flexible and hybrid work environments are becoming essential for freelancers, entrepreneurs, and remote workers. Space Creators Heights exemplifies this shift, focusing on community, well-being, and innovation in office design. It forecasts substantial growth in the market by 2029.
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READ MOREWeWork Inc. is exiting the Indian market, selling its 27% stake as part of a 40% divestment involving Embassy Group. Amidst its U.S. bankruptcy, WeWork India’sIndia’s growth surged, showing a 68% revenue increase in FY23. The deal awaits the approval of the Competition Commission of India.
READ MOREIndia’s offshoring industry is fueling a surge in office space leases, now accounting for over 46% of the market. Companies increasingly seek Grade A spaces in metro cities like Bengaluru, Mumbai, Hyderabad, and Pune, driving demand for high-quality, sustainable office spaces.
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