Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Bengaluru’s real estate market will grow in 2025, driven by northern and eastern micro-markets, improved metro connectivity, and strong residential demand. Developers embrace vertical growth while challenges like e-khata delays and approval timelines persist. Key projects by Shriram Properties and others highlight the city’s rising real estate momentum.
READ MOREIndia’s office leasing hit 66.4 million sq ft in 2024, driven by Bengaluru’s 21.7 million sq ft absorption. Flex spaces surged with 12.5 million sq ft leased, accounting for 20% of demand. While Chennai and Delhi-NCR saw declines, tech, BFSI, and manufacturing sectors fueled overall growth.
READ MOREWeWork India achieves a milestone with 1 lakh operational desks nationwide, inaugurating a 1.1 lakh sq ft centre in Bengaluru. Expanding further, it plans new workspaces in Gurugram and Chennai by 2025. With a presence in eight cities, WeWork continues shaping India’s flexible workspace landscape, catering to evolving workforce needs.
READ MOREBHIVE Workspace partnered with Century Real Estate to acquire 39,753 sq. ft. in Bengaluru for INR 3.54 crore. The premium property on Old Airport Road adds 1,000+ seats, enhancing offerings for startups and enterprises. This expansion supports BHIVE’s aggressive growth strategy, targeting six major cities and redefining India’s coworking landscape with innovation and flexibility.
READ MOREAmazon, Honeywell, and Synopsys secured major office leases in Bengaluru, highlighting the city’s position as India’s top office space market. These deals, totalling over 1.6 million sq ft, align with Bengaluru’s record-breaking office leasing activity, which accounts for 30% of India’s total leasing and signals strong future demand.
READ MOREWeWork India has launched its 61st building, WeWork 37 Cunningham, a 61,120 sq ft premium office space in Bengaluru. It features 891 desks and caters to large enterprises and C-suite executives with sustainable design, concierge services, and ISO certification support. WeWork now manages over 90,000 desks across eight cities.
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