Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
India’s office leasing market hit 81.7 million square feet in 2024, a 19% rise from 2023, driven by IT expansion and flexible workspaces. Bengaluru, Hyderabad, and Mumbai led the surge, while co-working demand grew by 30%. Vacancy rates dropped, and rental prices increased amid vigorous corporate leasing activity.
READ MOREIndia’s flexible workspace sector is booming, with gross leasing volume (GLV) surging 57.5% YoY to 12.4 million sq. ft. in 2024, as per Cushman & Wakefield. Bengaluru leads the market, followed by Mumbai and Delhi NCR. Rising hybrid work adoption and enterprise demand fuel the sector’s expansion, with 224,000 flex seats leased, a 44% YoY jump.
READ MOREIndia’s Tier-II and Tier-III cities are witnessing a surge in demand for flexible workspaces, driven by cost-effective real estate, hybrid work models, and the growing startup ecosystem. Managed office spaces are becoming crucial for businesses seeking scalability, with these cities transforming into key hubs for innovation and corporate expansion.
READ MOREExplore India’s top 10 cities for remote work this winter, from Bengaluru’s tech hubs to Goa’s beachside coworking. With vibrant cultures, reliable internet, and inspiring settings, these destinations redefine work-life balance.
READ MOREORGATEC India, debuting in November 2025, will showcase sustainable workspace solutions, ergonomic designs, and advanced technologies. Backed by NAREDCO and IIID, it highlights GCCs leasing 40–45% of office space in India. The event fosters collaboration, innovation, and sustainability, shaping the future of modern workspaces.
READ MOREExplore Dehradun’s journey from a serene hill town to a bustling tech hub, with Iksana Workspaces leading the charge. This article highlights the role of modern coworking spaces, government initiatives, and academic partnerships in fostering a thriving business environment, promoting innovation, and ensuring sustainable growth.
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