Office Space Leasing Archives - Page 2 of 3

Office Space Demand Set to Surge by 35% in Major Indian Cities 0

Office space demand in six major Indian cities is projected to rise 35% in Q1 2024, reaching 13.6 million sq ft. Hyderabad leads with a twofold increase, followed by significant growth in Mumbai and Bengaluru. The technology, engineering, manufacturing, and BFSI sectors drive this surge, with flexible workspaces also in high demand.

UK Government Buys ₹101 Crore Office Space in Mumbai 0

The UK government’s Secretary of State for Foreign, Commonwealth, and Development Affairs has purchased 12 office units totalling 14,883 sq ft in Mumbai’s One Lodha Place for ₹101.2 crore. The acquisition, signed by Trade Commissioner Harjinder Singh Kang, signifies strategic diplomatic expansion in India.

Kolkata Office Leasing Soars 33% in Q2 2024 0

Kolkata’s office space leasing surged 33% in Q2 2024, reaching 0.4 million sq ft, driven by the tech and BFSI sectors. H1 2024 saw a 23% rise in office transactions and a 6% rent increase. Despite recent stamp duty changes, residential sales grew 25%, with 9,130 units sold.

India’s Office Space Absorption Hits Record High in 2024 0
- Industry News
- July 17, 2024
India’s office space absorption hit a record 34.8 million sq. ft. in H1 2024, a 29% increase from 2023. Despite a 32% drop in new supply, vacancy rates fell to 15.9%. Bengaluru led leasing activity, followed by Mumbai and Hyderabad, with strong demand from tech and BFSI sectors.
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Samsung Renews 420,000 Sq Ft Bengaluru Office Lease 0
- Industry News
- July 17, 2024
Samsung Research and Development Institute India-Bangalore renews its 420,000 sq. ft. office lease in Bengaluru for five years, with an annual rent of ₹500 million. Despite global vacancy trends, India’s office space demand is growing and is driven by sectors like GCC and BFSI. Samsung’s commitment underscores Bengaluru’s role as a tech hub.
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Skootr Expands Luxurious Office Space in Bengaluru, Nearing 1 Million Square Feet Milestone 0
- Industry News
- July 17, 2024
Skootr expands its footprint in Bengaluru with a new 200,000 sq. ft. luxury office space, nearing 1 million sq. ft. in six months. Highlighting Bengaluru’s robust real estate market, Skootr continues its commitment to high-end design and innovation, planning an additional 700,000 sq. ft. of office space.
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