As offices set to reopen, companies like OLA, Apple and Amazon buy record office space in B’luru

Team Udayavani, Jan 11, 2021, 4:55 PM IST

Source: Unsplash

Bengaluru: The large global technology companies looking for expansions during the third and fourth quarter of 2020, led to record office space absorption in Bengaluru.

The companies entered into pre-commitment deals with property developers, who ensured quick deal closures in Q4 2020.

Majority of the space absorption took place along the eastern part of Bengaluru on the Outer Ring Road (ORR), for an average of 85-90 per sqft per month.

The prominent names with committed office spaces in Bengaluru are Ola with 4.5lakh sqft, Apple with 3.5lakh sqft, Google with 10lakh sqft, Amazon with 13 lakh sqft, Siemens with 7.3 lakh sqft and Continental Automotive with 8.5 lakh sqft.

Senior  Branch Director at Knight Frank India, Shantanu Mazumder, said that Bengaluru being a premier commercial market and a hotspot of capital investment, has pre-committed activity with 2.47 million sqft of space being taken up in Q2 2020.

As per Knight Frank India’s half yearly report, Bengaluru recorded office leasing of 7.54 million sqft which accounted for 34 percent of overall volumes across the markets in India.


Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Vijayapura: Crowd attacks four persons on suspicions of being ‘child kidnappers’

PayCM: Bommai says Congress resorting to dirty politics

India Women all out for 169 in final ODI against England

Udupi ZP CEO carries out civic workers’ duties; collects waste from households

Malenadu will not be allowed to become a den of terrorists: Araga Jnanendra

PFI violence in Kerala pre-meditated, culprits will not be spared: Chief Minister Pinarayi Vijayan

Dasara: DC declares 4 additional holidays for schools in Dakshina Kannada

Related Articles More

Zomato to inspect cloud kitchens hosting more than 10 brands to curb malpractices

Equity investors poorer by Rs 4.90 lakh cr as Sensex tumbles nearly 2 pc

Ola Electric cuts 200 jobs; plans to hire 3,000 to focus on non-software engineering domains

Bearys bags CII’s ‘National Energy Leadership Award’

Govt amends rules governing corporate social responsibility


Health Minister K Sudhakar Statement about paycm

How to grow Avocado

Dasara Celebration in Uchila Mahalakshmi Temple

NIA raids PFI and SDPI offices in Mangaluru

CM Bommai meet HD Deve Gowda with the minister

Latest Additions

Vijayapura: Crowd attacks four persons on suspicions of being ‘child kidnappers’

Chandigarh Univ video case: Army man held from Arunachal Pradesh, fourth arrest in case

Congress backed PFI when in power, alleges Minister V Sunil Kumar

Congress in Karnataka unified, says U T Khader

PayCM: Bommai says Congress resorting to dirty politics

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.