Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Innov8 launches three new coworking centres in Delhi-NCR, adding 60,000 sq ft and 1200+ seats in Unitech Cyber Park, DLF Cyber City, and Okhla. These centres offer premium amenities, prime connectivity, and flexible workspace solutions. Innov8 invested Rs 10+ crore in these facilities to foster innovation and collaboration.
READ MOREBengaluru’s office space is projected to reach 330-340 million sq ft by 2030, driven by technology, engineering, and BFSI sectors. Currently, at 223 million sq ft, the city leads India in office absorption. Enhanced infrastructure and emerging areas boost growth, while warehousing space hits a record 54 million sq ft.
READ MOREIndia’s office space absorption hit a record 34.8 million sq. ft. in H1 2024, a 29% increase from 2023. Despite a 32% drop in new supply, vacancy rates fell to 15.9%. Bengaluru led leasing activity, followed by Mumbai and Hyderabad, with strong demand from tech and BFSI sectors.
READ MORESamsung Research and Development Institute India-Bangalore renews its 420,000 sq. ft. office lease in Bengaluru for five years, with an annual rent of ₹500 million. Despite global vacancy trends, India’s office space demand is growing and is driven by sectors like GCC and BFSI. Samsung’s commitment underscores Bengaluru’s role as a tech hub.
READ MORESkootr expands its footprint in Bengaluru with a new 200,000 sq. ft. luxury office space, nearing 1 million sq. ft. in six months. Highlighting Bengaluru’s robust real estate market, Skootr continues its commitment to high-end design and innovation, planning an additional 700,000 sq. ft. of office space.
READ MOREDiscover how virtual offices are revolutionising business operations with cost efficiency, flexibility, and professional advantages, driving the future of coworking spaces.
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