Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s green office space is set to reach 700 million square feet within the next 2-3 years, with green-certified buildings accounting for 80-85% of leasing activity. Bengaluru, Delhi-NCR, and Hyderabad lead in green office stock, contributing to India’s push toward a sustainable, low-carbon economy in real estate.
READ MOREIndia’s commercial real estate market is booming, with vacancy rates hitting record lows in significant cities. Awfis MD Amit Ramani attributes this to rising urbanisation, increased demand from IT firms, and a strong return-to-office trend, with flexible workspaces playing a key role in driving growth.
READ MOREChennai’s commercial real estate market is on track to surpass 100 million sq ft by 2026, driven by strong occupier demand, infrastructure upgrades, and a growing coworking segment. Key micro-markets and steady rental growth underline its appeal as a leading business hub with rising investor confidence.
READ MOREIndia’s office space market saw a strong recovery in Q1 2023, with net leasing up 54% and gross leasing reaching a record high. The surge highlights renewed interest in traditional offices and flexible workspace solutions across major cities, driven by corporate demand and hybrid work strategies.
READ MORESpace Matrix has designed a future-ready office for IMC India Securities, aligning with the company’s rapid growth and collaborative culture. The new workspace blends flexible layouts, advanced technology, and biophilic design to boost employee well-being, productivity, and innovation, setting a new benchmark in modern workplace design.
READ MOREIndia’s office space leasing market defies global trends, with a 16% growth in 2024, driven by demand from the IT sector and global capability centres. Affordable rents, a skilled workforce, and urbanisation make India a top destination for multinational companies. The broader real estate sector is also thriving despite challenges.
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