Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Hyderabad’s office market surged in Q1 2025 with a 9% rent hike, driven by strong demand from IT firms and Global Capability Centers. While residential sales dipped slightly, premium housing saw notable growth, reflecting rising interest in high-value properties amid shifting buyer preferences and evolving workspace trends.
READ MOREHyderabad’s real estate sector is booming, adding 17 million sq. ft. of Grade A/A+ office space in 2024—the fastest expansion in a year. The housing market saw a 14% drop in unsold inventory and a 17% price rise. Coworking demand surged 26%, solidifying Hyderabad as a commercial hub.
READ MOREHyderabad is on track to surpass 200 million sq. ft of office space by 2030, fueled by increasing demand from technology firms and Global Capability Centers (GCCs), according to a joint report by CBRE and the Hyderabad Software Enterprises Association (HYSEA). The city’s office stock has tripled since 2014, reaching nearly 137 million sq. ft as of December 2024.
READ MOREHyderabad’s Grade A office vacancy rates are projected to reach 24% by 2026 due to record supply growth outpacing demand. Key areas like Gachibowli face rising vacancies, while Hitech City remains stable. Sustainability and tech-forward spaces are crucial for attracting tenants in this rapidly evolving commercial real estate market.
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.
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