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Office space leasing declines by 2% in Q1FY25 Leasing activity in Q2 2024 reached 17.2 million square feet, reflecting a slight decrease of 2% compared to the previous quarter. However, new office space supply surged by 64% quarter-on-quarter to 10.8 million square feet. Bengaluru maintained it...
09 Jul, 2024, 02.35 PM ISTSamsung R&D Institute-Bangalore renews office lease for 5 years Samsung Research and Development Institute India-Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers. This lease renewal is set for a duration of five years, beginning in June this yea...
08 Jul, 2024, 06.48 PM ISTRetailers focusing on main streets for new store opening According to Cushman & Wakefield, the continued dominance of main street retail leasing is owing to limited new mall openings and a strong demand for high-quality retail spaces.
08 Jul, 2024, 01.58 PM IST- ADVERTISEMENT
Global Capability Centres drive office leasing in H1 2024, with a 37% share India's office leasing market is dominated by Global Capability Centres (GCCs), with 37% of total leasing activity in January to June 2024. The country's robust workforce, competitive costs, and established ecosystem make it a key market for GCCs. W...
04 Jul, 2024, 11.40 AM ISTOffice leasing surges to new record in first half of 2024 The Indian office property market has shown strong performance in the first half of the year, driven by economic resurgence and increased corporate occupancies, with technology and banking sectors leading the way. Gross leasing hit a record high of ...
04 Jul, 2024, 12.29 AM ISTM3M leases 220,000 sq ft to flexible workspace provider Incuspaze in Gurugram Flexible workspace provider Incuspaze has leased 220,000 sq ft in Gurgaon's M3M Urbana project, following a 600,000 sq ft lease last quarter across three cities. As demand grows, Incuspaze is expanding rapidly. The flex workspace market is expected ...
03 Jul, 2024, 05.46 PM ISTIndia office property market surges with record gross leasing in 2024 first half The Indian office property market has surged, driven by increased economic activity and corporate occupancies, reaching a record 33.5 million sq ft in gross leasing in the first half of the year. Global Capability Centres (GCCs) significantly contri...
03 Jul, 2024, 03.05 PM ISTApple set to lease office tower from Embassy Group in Bengaluru Apple Inc leased an office tower in Bangalore with record rent. The site was previously a hotel near Bangalore Golf Club. Manufacturing operations expanded with Foxconn Technology Group and Tata Electronics, including a local supplier network and la...
28 Jun, 2024, 12.09 PM ISTCJ Darcl leases 1.25 lakh square feet space at Narasapura IndoSpace park This strategic move is aimed at enhancing CJ Darcl's warehouse and distribution management capabilities in South India, allowing the company to provide tailored end-to-end logistics solutions to its clients.
26 Jun, 2024, 02.18 PM ISTGross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers India's office market shows resilience with sustained growth driven by positive economic indicators. The surge in demand for quality office spaces, led by technology and manufacturing sectors, is expected to surpass 50 million square feet in 2024, r...
26 Jun, 2024, 12.36 PM ISTIndian office market shows strong growth in H1 2024 The Indian office market showcased resilience in H1 2024 with significant office leasing and new supply growth. Occupiers' confidence, highlighted by major players like HCL Technologies and Tech Mahindra, spurred demand for quality office spaces.
26 Jun, 2024, 11.54 AM ISTFlexible workspace operator Spring House leases 300,000 sq fr at MVN Aero One mall in Gurgaon Spring House secured 300,000 sq ft at Gurgaon's MVN Aero One mall, offering cost-effective office spaces. The location caters to diverse demands, including from large enterprises and startups focusing on research and development operations.
25 Jun, 2024, 06.39 PM ISTIMC India leases office in Mumbai’s BKC at Rs 700 per sq ft/month for short tenure The company has leased nearly 43,000 sq ft office space on the 34th floor of sea-view premium commercial tower Altimus in central Mumbai for a long-term tenure of 10 years at monthly rental of Rs 350 per sq ft.
14 Jun, 2024, 06.07 PM ISTTata Digital renews lease for headquarter Fort House in South Mumbai The technology company that controls Bigbasket, Tata 1mg, Tata Cliq, Croma, and superapp Tata Neu among others will be paying rentals of nearly Rs 3 crore per month as per the agreement that stipulates lock-in period of one year.
13 Jun, 2024, 06.54 PM ISTAmazon to Lease over 1.1 mn sqft in Bengaluru Sattva Group has built a new office tower at Sattva Horizon business park near the international airport. The 11-storey building will be able to accommodate more than 7,000 employees, and Amazon will be the sole occupant.
13 Jun, 2024, 06.06 PM ISTLeasing takes off as Make in India settles The government's focus on Make in India and production linked incentive (PLI) schemes to promote local manufacturing has started to yield results as seen in rising leasing demand for light manufacturing and warehousing. The growth is further evidenc...
03 Jun, 2024, 12.21 AM ISTBosch leases 691k sq ft office space in Bengaluru for expansion Bosch Global Software Technologies has leased 691,320 square feet of space in Bengaluru, India, to expand its operations. The property, located at Life Science Park in Electronic City, will seat around 8,000 employees and house the KPO operation und...
01 Jun, 2024, 12.47 AM ISTGlobal capability centres lease 17% more space in FY24 Global capability centres (GCCs) increased their space usage by 17% in FY 2023-24, reaching 22.5 million sq ft, driven by engineering, BFSI, and technology sectors, according to CBRE. GCCs are a key driver in India's office sector, projected to leas...
29 May, 2024, 12.43 AM ISTGoogle leases 6,49,000 sq ft office space in Bengaluru The company has lined up significant investments in the Indian market. This includes plans to manufacture smartphones at a Foxconn facility in Tamil Nadu and starting independent drone manufacturing in the state. Google aims to start production of P...
27 May, 2024, 11.38 PM ISTIndia’s office leasing demand likely to cross 70 million sq ft in 2024 Demand for Grade A office space leasing in India is expected to exceed 70 million sq ft in 2024, driven by increased rentals and larger deals in key cities like Bengaluru, Pune, and Hyderabad, with contributions from the IT/ITeS and BFSI sectors, No...
15 May, 2024, 01.45 PM IST