Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Tesla has leased a flagship showroom in Mumbai’s BKC at a record INR 881/sq ft and a 30-seater office in Kurla to kickstart operations in India. These strategic moves support local hiring, EV sales, and regulatory setup, aligning with India’s electric mobility push and signalling Tesla’s long-term commitment.
READ MOREPune’s office market set new benchmarks in Q1 2025 with 2.07 million sq ft net absorption and a record 3.5 million sq ft gross leasing. Driven by BFSI and flex space demand, the city added 3.2 million sq ft of Grade-A supply, maintaining its position as India’s second-tightest office market.
READ MOREIndia’s office market continued its growth streak in Q1 2025, with vacancy hitting a four-year low of 15.7% amid limited new supply and strong leasing demand. GCCs led activity, net absorption reached 13.4 MSF, and rentals rose—especially in Mumbai—signalling a highly competitive, occupier-driven commercial real estate landscape.
READ MOREOffice space demand across Asia Pacific surged 15.9% to 8.8 million sqm in 2024, driven by corporate expansion, return-to-office trends, and global capability centres. India led in new supply, while overall vacancy remained stable. Colliers predicts continued growth and resilience in the APAC office leasing market in 2025.
READ MOREIndia’s commercial real estate is booming and driven by GCCs and startups. Co-working leader Awfis posted 41% growth in FY25, fueled by flexible workspace demand and an asset-light model. With rapid expansion and high returns, Awfis is reshaping India’s office space landscape in metro and tier-1 cities.
READ MOREAccording to Knight Frank India, NCR’s office market hit a record 12.7 million sq. ft. leasing in 2024, with deal sizes rising 29% YoY. Noida saw a 48% surge, while Gurugram remained dominant. Flexible workspaces grew 2.4x, reflecting the shift towards hybrid work and high-quality office space demand.
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