Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office leasing reached 19.46 million square feet in Q1 2025, driven by strong domestic and global demand. Bengaluru led leasing activity, with flex spaces dominating key cities. Net absorption surged 54%, while vacancy rates dropped to a four-year low, signalling a bullish outlook for the sector.
READ MOREForeign companies drove 62% of India’s office space leasing in Q1 2025, renting 111.6 lakh sq ft across nine major cities, says CBRE. Total leasing rose 5% year-on-year, led by demand from Global Capability Centres and a growing focus on sustainable, employee-centric workspaces.
READ MOREAccording to Colliers, Delhi NCR and Bengaluru led India’s office leasing surge in Q1 2025, contributing to a 15% YoY growth. Strong demand, especially from tech, BFSI, and manufacturing sectors, outpaced supply, driving rentals up 8%. Flex space leasing grew 22%, signalling continued commercial real estate market expansion.
READ MOREIndia’s office space supply reached a record 515 lakh square feet in 2024, with leasing activity hitting 707 lakh square feet, driven by demand from IT-ITeS and global capability centres. While Chennai’s supply declined, Hyderabad, Bengaluru, and Delhi-NCR saw significant growth. The IT sector continues to lead leasing activity.
READ MOREIndia’s office leasing market is set to grow by 8-10% in FY26, fueled by demand from BFSI, IT/ITES, and GCCs. Delhi-NCR leads the surge, with Noida and Gurugram emerging as prime business hubs: improved infrastructure, flexible office spaces, and investor confidence drive commercial real estate expansion.
READ MOREEnzyme Office Spaces has leased 14,000 sq ft of managed office space in Mumbai’s Andheri East to SUGAR Cosmetics, providing 300 seats for a five-year term. The deal reflects India’s growing demand for flexible workspaces, with the coworking sector expected to surpass 100 million sq ft by 2026.
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