Bangalore office space market

Q: I heard that Bangalore emerges as largest office space provider in India. Can I get a brief details about this news?

Aakash N, Bangalore

7th February 2014

Real estate News in Bangalore

office space

bangalore office space

demand for office space

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Bangalore emerges as the hottest business destination in India. It was declared as the best investment location for businesses due to its good connectivity, easy and affordable availability of office spaces. The resilient real estate markets here make it easy to get commercial office spaces at highly competitive prices as compared to those in Gurgaon, Mumbai or Delhi. Bangalore is also transforming itself into the fastest urban areas in the country. Cres Advisors provides the best affordable office space in Bangalore for rent and lease. Cres Advisors source convenient and affordable office spaces across Bangalore.

ramya, Bangalore

20th August 2016

Comment

This year Bangalore has seen shortfall in office space, with demand fixed at 10 million sq ft while supply is expected to be 8-8.5 million sq ft.

Amreesh Murugan,

13th May 2016

Comment

According to JLL report, the demand for office spaces is likely to continue. Continuous demand for office space has driven the commercial real estate growth in the city that crossed a milestone in mid-2013, becoming the first Indian office hub to join the global club of markets with 100 million sq ft office space

Aakash N, Bangalore

13th May 2016

Bangalore has seen a transactions for about 15 million sq ft of office space in 2015. The demand was mainly driven by the IT-ITeS companies who are planning to expand their businesses and footprint in Bangalore. E-commerce firms and corporate offices of manufacturing firms are also looking for space on rent in the city.

Amreesh Murugan,

13th May 2016

How about demand for office space market in Whitefield and Outer Ring Road?

Nadeem, Bangalore

3rd March 2015

Comment

Both Whitefield and Outer Ring Road (ORR) hung on to their positions as the most attractive office occupier markets in the country. City's Central Business District (CBD) saw a 12% year-on-year rental growth.

Amreesh Murugan,

3rd March 2015

According to a study by CBRE, In 2014, Bangalore led office markets among India's major cities. The city saw a 35% year-on-year rise in transactions activity during the year, together with nearly 40% increase in new office space addition.

Niketan Verma, Bangalore

3rd March 2015

Comment

Supply of new office space in major cities was impacted on account of the existing vacancy levels and comparatively low demand. In Q1 2014, around 6.6 ,illion sq ft was finished, which is quite less in comaprison to 10 million sq ft in q! 2013. This puts up the fact that there has been a year-on-year decline of nearly 34%. Bangalore led project completions, along with Mumbai and NCR projects all together provide with 80% of the overall office space addition in the quarter under review

Kanishka Sen, Bangalore

8th April 2014

Comment

According to CBRE’s latest report, demand for office spaces has gone down in the first quarter on this year.

Latika Yadav, Bangalore

8th April 2014

Comment

This is really true facts regarding the market of commercial office space in Bangalore, that is booming due to increasing more and more office demand. Everyone has a great inspection for renting a space in this prominent city. Bangalore is considered as the ideal place for investment.

Vatika Business Centre

vatikabusinesscentre, Gurgaon

11th February 2014

Comment

What is the reason for the demand of commercial property rising in Bangalore????

Dushyant, Bangalore

7th February 2014

Comment

The reason why the demand of commercial property rising in Bangalore is because of the availability of large land parcel at favourable rates, sizable talent pool, he pleasant weather, good civic and social infrastructure. This has led to a rise in commercial spaces in key locations around the city with high absorption rates. :) :)

Bhargav Dev, Bangalore

7th February 2014

Any idea about how is the demand for office spaces in other metro cities?

Aakash N, Bangalore

7th February 2014

Comment

By the end of 2013, the cumulative leased office space stood at 99.94 million sq ft, while for Mumbai it stood at 93.05 million sq ft. For Chennai, Delhi-NCR, Hyderabad and Pune, the cumulative leased office space stood at 52.11 million sq ft, 74.19 ,million sq ft, 38.62 million sq ft and 43.97 million sq ft respectively.

Mangal P, Bangalore

7th February 2014

Which are the localities in Bangalore that will see demand in office spaces?

Aakash N, Bangalore

7th February 2014

Comment

Majority of the office space demand in the city will be witnessed in suburban locations such as Outer Ring Road belt and Whitefield. As per the economic, environment and cultural parameters, Bangalore is ranked the ideal location for business offices. Add to it, its excellent connectivity, availability of office space according to budget, high quality of talent pool and a high quality education system.

Bhargav Dev, Bangalore

7th February 2014

1% office space required 3% of residential space which means if the demand for office space is increasing by x% in Bangalore, 3x% of residential space will be increased in Bangalore

Bhargav Dev, Bangalore

7th February 2014

Comment

According to property consultants, the expansion of companies in the city will give a fillip to the office space market in Bangalore that will eventually result in a growth of 16% in 2014, in comparison to the last year.

Indrajit Kaul, Bangalore

7th February 2014

The fact is true that Bangalore is expected to topple the chart of the office space market in the nation, on account of expansion of IT/ITes and multinational firms. According to sources, Bangalore will soon surpass the landmark of 100 million sq ft of leased A-Grade office space by March 2014.

Indrajit Kaul, Bangalore

7th February 2014

Comment

The last year report says, Bangalore emerged as the biggest office-space taker, absorbing around 40% of the total supply of 27.3 million sq ft. Much of it can be attributed to the IT/ITes sector. While the multinational companies take-up in the share was 54.3%. The city has cumulative leased office portfolio of 99.94 million square feet.

Mangal P, Bangalore

7th February 2014