Office Leasing

BlackRock Leases Premium Office Space in Mumbai’s Worli for Rs 1.1 Crore Monthly 0
- Industry News
- August 30, 2024
BlackRock Services India has leased 42,700 sq. ft. of office space in Mumbai’s Worli at Rs 1.1 crore per month. The five-year lease includes a 36-month lock-in period and escalations in rent over time. The office is located in the Altimus Tower by K Raheja Corp.
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NatWest Group Expands in Bengaluru with 3.7 Lakh Sq. Ft. Office Lease 0
- Industry News
- August 30, 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.
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Nielsen Media and Subsidiary Lease 1.52 Lakh Sq Ft Office Space in Mumbai 0
- Industry News
- July 23, 2024
Nielsen Media and subsidiary Whats On India Media Pvt Ltd have leased 1.52 lakh square feet in Commerz III, Oberoi Gardens, Mumbai, for ₹3.87 crore per month over ten years. The deal includes substantial security deposits and premium car parking facilities.
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Mumbai’s Office Market Soars with 79% Year-On-Year Growth 0
- Industry News
- July 19, 2024
Mumbai’s office market saw a 79% year-on-year growth in H1 2024, with transactions reaching 5.8 million sq ft and new completions rising by 205%. Average office rents increased by 4%, reflecting strong demand. The residential market also thrived, with a 16% increase in sales and a 4% price rise.
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Office Space Demand Records 29% Jump in Jan-Jun: Report 0
- Industry News
- July 19, 2024
India’s office space demand hit a record 33.54 million sq ft in H1 2024, a 29% increase year-on-year. Bengaluru led the surge, with flexible workspaces driving growth. Despite leasing highs, office space investments fell 83% in Q2 2024. JLL projects record leasing of 65-70 million sq ft for 2024.
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GCCs Drive India’s Office Leasing with 37% Share 0
- Workspace Solutions
- July 18, 2024
Global Capability Centers (GCCs) drive 37% of India’s office leasing, attributed to BFSI and technology firms. Bengaluru, Pune, and Hyderabad lead in leasing, highlighting strategic importance. Diversified tenant demand and flexible office spaces indicate continued growth in India’s commercial real estate.
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