Articles & Latest News on Office Space - Page 14 of 17

Mumbai’s Office Market Soars with 79% Year-On-Year Growth 0

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.

Office Space Demand Records 29% Jump in Jan-Jun: Report 0

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.

Bengaluru’s Office Space Set to Soar to 340 Million Sq Ft by 2030 0

Bengaluru’s office space is projected to reach 330-340 million sq ft by 2030, driven by technology, engineering, and BFSI sectors. Currently, at 223 million sq ft, the city leads India in office absorption. Enhanced infrastructure and emerging areas boost growth, while warehousing space hits a record 54 million sq ft.

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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