Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Apple India has set a new record with its ₹738 per sq ft lease for 6,526 sq ft of office space in Mumbai’s BKC. The five-year deal, valued at ₹48.19 lacks per month, underscores the growing demand for premium commercial space in India’s top business hubs.
READ MOREMumbai’s office leasing reached 12.1 million sq ft in 2024, driven by BFSI, technology, and flexible space sectors. National leasing hit a record 79 million sq ft, with sustainability gaining traction as green-certified spaces accounted for 56% of activity. Mumbai remains a key player in India’s evolving commercial real estate market.
READ MOREEmbassy Office Parks REIT has leased 2.07 lakh sq ft of office space to cybersecurity firm Rubrik at Embassy TechVillage, Bengaluru. Facilitated by Colliers, the deal supports Rubrik’s expansion in India. Embassy REIT, India’s first listed REIT, boasts a 511 lakh sq ft portfolio across major cities, including Bengaluru.
READ MOREGoogle has leased 5.5 lakh sq ft of office space in Gurugram with Table Space, marking one of India’s largest managed workspace deals. The agreement includes an expansion option of 2 lakh sq ft. This move reflects the booming demand for Grade A office spaces as tech firms expand in India.
READ MOREIBM is in talks to lease 260,000 sq ft at Gurgaon’s TRIL Tower, highlighting India’s booming office leasing market, expected to reach 85 million sq ft in 2024. Driven by Global Capability Centres (GCCs) and premium infrastructure demand, Gurgaon leads as a commercial hub amidst India’s 70% APAC net absorption share.
READ MOREIndia’s office leasing hit 66.4 million sq ft in 2024, led by Bengaluru, Hyderabad, and Mumbai. Flexible workspaces saw a 45% growth, contributing 20% to demand. Tech, BFSI, and large deals drove leasing while steady supply kept vacancy stable. Experts predict sustained momentum in 2025 and beyond.
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