Bengaluru Office Market Soars with 14.8M Sq. Ft. Leased

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Bengaluru’s office real estate market continues to assert its dominance as India’s leading commercial hub, recording 14.8 million square feet of leasing activity in Q2 2023 alone. This impressive growth is being driven by sustained demand from the IT/BPM sector and a strong presence of Global Capability Centers (GCCs).

Looking ahead to May 2025, the city is expected to maintain this momentum as global and domestic firms continue to expand operations, banking on Bengaluru’s robust talent pool, infrastructure, and favorable business environment. Major tech corridors such as Outer Ring Road, Whitefield, and Electronic City remain leasing hotspots, attracting large-scale occupiers seeking flexible, Grade A office spaces.

Moreover, the rise of hybrid work models and flex-space solutions is reshaping the commercial real estate landscape. Co-working operators and managed office providers are increasing their footprint, especially in tech-centric zones. Demand is being sustained by multinational firms setting up GCCs focused on AI, analytics, and software development.

With continued investments in metro rail connectivity, digital infrastructure, and ease of doing business, Bengaluru’s office sector is projected to remain resilient through 2025, offering a strong return potential for investors and developers alike.

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