Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Kochi’s commercial real estate sector is expanding rapidly, with office space reaching 17 million sq. ft. and retail space growing at a 9% CAGR. Technology firms drive office leasing, while fashion and lifestyle brands lead retail demand. Government-backed initiatives and sustainability efforts position Kochi as a rising business hub.
READ MOREIndia’s commercial office market is set to reach 65-70 million sq ft in 2025, with 2024 absorption hitting 66.4 million sq ft, a 14% rise. GCCs drive demand, leasing 25.7 million sq ft, while sustainability gains traction, with 80% of new supply expected to be green-certified. Institutional investment remains strong at USD 4.7 billion.
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 MOREDive into India’s top 10 commercial property developers for 2025, transforming urban landscapes with sustainable, flexible, and innovative workspaces. Learn about their visionary projects, future trends, and the evolution of commercial real estate in India.
READ MOREIndia’s commercial real estate surged in 2024, with 52 million sq ft Grade-A office absorption, led by Gurugram and Noida. Infrastructure projects like Dwarka Expressway and Noida International Airport boosted demand for premium office and retail spaces. Strong corporate interest positions these regions for continued growth in 2025.
READ MOREMumbai’s commercial real estate market hit new highs in 2024, with top lease deals led by Morgan Stanley (₹15.96 crore monthly for 1 million sq ft) and IMC India (₹700/sq ft in BKC). Rising rentals in BKC, Goregaon, and Worli reflect growing demand from global firms, solidifying Mumbai’s status as a business hub.
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