Industry News

Bengaluru’s Office Space Set to Soar to 340 Million Sq Ft by 2030 0
- Industry News
- July 17, 2024
Bengaluru’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.
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India’s Office Space Absorption Hits Record High in 2024 0
- Industry News
- July 17, 2024
India’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.
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Samsung Renews 420,000 Sq Ft Bengaluru Office Lease 0
- Industry News
- July 17, 2024
Samsung 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.
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Skootr Expands Luxurious Office Space in Bengaluru, Nearing 1 Million Square Feet Milestone 0
- Industry News
- July 17, 2024
Skootr 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.
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Flexible Office Leasing Hits Record High in April-June Quarter 0
- Industry News
- July 10, 2024
India’s flexible office spaces hit a record 2.6 million sq ft leased in Q2 2024, reflecting strong demand despite WeWork’s exit. Mumbai led with a 119% increase. Overall, office leasing rose 19% in H1 2024, with Colliers forecasting continued growth in the sector driven by economic resilience and quality demand.
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PayPal Renews 2.6 Lakh Sq Ft Office Lease in Chennai 0
- Industry News
- July 10, 2024
PayPal India renews its 2.6 lakh sq ft office lease for ten years at Futura Tech Park, Chennai. The park, managed by X Office Parks, houses major IT firms. This renewal highlights a resurgence in office leasing post-COVID, with significant activity in Xander’s 11.5 million sq ft portfolio across India.
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