Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
NatWest Group has leased 3.7 lakh sq. ft. in Bengaluru’s Bagmane Constellation Business Park to expand its engineering workforce, which will be operational by April 2025. This move highlights Bengaluru’s appeal to MNCs, though Chennai is emerging as a strong competitor in the office space market due to lower rental rates.
READ MOREBengaluru’s Titan Integrity office, designed by Mindspace Architects, is an eco-friendly marvel that stays naturally cool without air conditioning, seamlessly blending nature and architecture.
READ MOREBHIVE Workspace has leased 42,000 sq ft from Brigade Group in Bengaluru, expanding its presence in Mahadevapura. The new facility supports 1,200+ seats and features tech-enabled conference rooms. This lease is part of BHIVE’s plan to add 1 million sq ft of managed office space, doubling revenue to ₹348 crore in FY 2024-25.
READ MOREWeWork India expands with 1.4 lakh sq ft of new office space in Bengaluru and Noida, opening in September-October 2024. The new locations will offer over 2,400 desks, enhancing WeWork’s presence across 57 locations in major Indian cities to meet the rising demand for flexible workspaces.
READ MORECoworking firm Incuspaze has leased 1.15 lakh square feet in Bengaluru’s Whitefield to open a facility with 1,800 seats. This expansion supports their growth strategy amid rising demand for flexible workspaces in southern India, including Chennai and Hyderabad.
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.
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