Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Delhi-NCR ranks as APAC’s fifth most expensive office rental market, with monthly prime office rents at Rs 340 per sq ft. Indian office space transactions surged 50% in Q2 2024, driven by returning employees and strategic corporate investments. Mumbai and Bengaluru also saw stable rental rates and high demand.
READ MOREAmerican Express opens its largest global office in Gurugram, India, spanning one million square feet. The LEED Gold-certified campus focuses on sustainability, health, and wellness and aims to enhance innovation. The new facility supports all company divisions and underscores AmEx’s commitment to leveraging local talent and expanding in India.
READ MOREExplore the crucial role of health and wellness in enhancing Productivity within flexible workspaces. Dive into ergonomic designs, mental well-being, and environmental wellness, supported by recent trends and statistics. Learn how fostering a healthy environment can attract and retain members, ensuring long-term success for flex workspaces.
READ MOREIndia’s office market set new records in H1 2024, with 33.5 million sq ft of leasing across top cities. Bengaluru and Delhi-NCR led the surge, which was driven by the high demand for flexible office spaces. Key sectors like tech and finance boosted growth, reflecting robust confidence in the commercial real estate sector.
READ MORENielsen Media and subsidiary Whats On India Media Pvt Ltd have leased 1.52 lakh square feet in Commerz III, Oberoi Gardens, Mumbai, for ₹3.87 crore per month over ten years. The deal includes substantial security deposits and premium car parking facilities.
READ MOREOver 65% of Grade A office spaces in India’s top seven cities are green-certified, with Bengaluru leading in total green space and Chennai boasting the highest percentage. LEED Gold certification is prevalent, reflecting a strong demand for sustainable and flexible office solutions.
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