If one looks at the trends of Real Estate in the past five years, no city has inspired such commercial property demand as Bengaluru. So much so, the demand today is more than the supply. Its reputation as the Silicon Valley of India remains intact with a number of tech giants as well as emerging… Read More »
Space rented by e-commerce players in Bengaluru fell a steep 95% to 1,40,000 sq ft in the first half of 2016 over the same period last year. Just four transactions were reported with online travel portal MakeMyTrip and online bus tickets platform redBus being the two companies that leased out office space, according to a… Read More »
At a time when the city is facing a shortfall in its supply of commercial space, BMRCL (Bangalore Metro Rail Corporation Limited) has started advertising for leasing out spaces at the stations. Chief public relation officer BMRCL, UA Vasanth Rao, while speaking to Bangalore Mirror said, ‘This is a futuristic plan that has been envisaged by… Read More »
Real estate in many parts of the country is in bad shape. But there’s one big exception – commercial space in Bengaluru. A surge in demand, including from MNCs looking to establish or expand R&D and engineering centres, has left developers scrambling to supply quality office space in time. Some say rental costs in certain areas… Read More »
Bengaluru witnessed highest leasing volumes of office space in Asia Pacific during the first quarter of 2016, according to a report by a property consultant. Bengaluru saw the highest leasing volumes in Asia Pacific on the back of big-ticket transactions, while Tokyo saw good pre-commitments on upcoming supply. Delhi came third on the back of healthy… Read More »
LinkedIn, a US-based professional network with over 35 million members in India, on Wednesday moved to a new office in Bengaluru. The new office with 222,000 sq feet spread across three floors can accommodate about 800 employees. The facility will house functionally diverse LinkedIn employees, including product and sales teams. Read more: Deccan Herald
A slowdown in the flow of easy money to e-commerce sector has started to impact the office market in Bengaluru. Online marketplaces, which led the office market growth in the IT city, accounting for a fourth of total space leased last year, have slowed down considerably. Going by the current indications, the leasing of office space… Read More »
A rise in demand for office spaces in the last one year coupled with shortage of new supply in key mi cro-markets has pushed up office rentals across top markets. Rentals in Gurgaon’s rose 13% in the last one ye Cyber City area rose 13% in the last one year while those in Bengaluru’s Whitefield and… Read More »
Apple is in talks to lease over 40,000 square feet of office space in Bengaluru where it intends to set up a development centre, three people familiar with the development said. “The company has signed the letter of intent with Galleria, a mixed use project in Yelahanka in Bengaluru,” one of these people said. Galleria is… Read More »
Bengaluru, which has a total stock of 96 million sq ft of grade-A (non-captive) office space, is currently staring at a shortfall in the supply of office space. Barely 4-5 per cent of the total space is vacant for leasing as the tech city has witnessed strong leasing activity in the last few years. Even… Read More »
