Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork India expands with 1.75 lakh sq ft of new coworking spaces in Bengaluru and Pune. The Bengaluru space, spanning 90,500 sq ft, offers 1,700 desks at Manyata Mahogany. Pune’s 84,000 sq ft GERA Commerzone houses 1,300 desks. These additions meet rising flex space demand across India’s dynamic business hubs.
READ MOREGodrej Interio has delivered a 48,670 sq. ft. office and amenity block for Skechers’ largest warehouse in India. Featuring modern industrial aesthetics, sustainability, and innovative solutions like MS grid structures, the project sets new benchmarks in functionality and design while reinforcing Godrej Interio’s leadership in workspace innovation across diverse sectors.
READ MOREHyderabad topped India’s office space market in 2024 with the highest average deal size of 70,535 sq ft, a 10.13% increase. Nationally, deal sizes grew 10.24%, driven by demand for premium spaces. Mumbai saw the most significant growth at 54.59%, with Bengaluru, Delhi NCR, and Pune also recording significant activity.
READ MOREIndia’s commercial real estate market saw a 10.24% rise in average deal size in 2024, led by Hyderabad at 70,535 sq ft and Mumbai with a 54.59% growth. Key factors include enhanced infrastructure, corporate confidence, and demand for premium spaces, signalling robust growth in office leasing across major cities.
READ MOREEmbassy Office Parks REIT has leased 2.07 lakh sq ft of office space to cybersecurity firm Rubrik at Embassy TechVillage, Bengaluru. Facilitated by Colliers, the deal supports Rubrik’s expansion in India. Embassy REIT, India’s first listed REIT, boasts a 511 lakh sq ft portfolio across major cities, including Bengaluru.
READ MOREICICI Bank leases 1.29 lakh sq ft in Navi Mumbai’s Arihant Aura for ₹9 crore annually, spanning four floors with a nine-year tenure. The deal highlights Turbhe’s rising prominence, which is fueled by infrastructure developments. Part of India’s record-breaking 2024 leasing boom reflects strong demand from BFSI and other key sectors.
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