As the world emerges from the shadows of the COVID-19 pandemic, many companies in Bengaluru are embracing a return to office life by steadily increasing their mandatory work-from-office (WFO) days. An employee who works at a media firm in east Bengaluru shared her experience and said she was working from home since the pandemic began, but now is required to come into the office twice a week, according to The Hindu . This shift is reflected not only on the streets in the form of increased traffic jams, but also in the real estate market, where Bengaluru, alongside Hyderabad, has accounted for a significant portion of leasing activity.
In the first three quarters of 2024, the demand for Grade A office space surged to an impressive 46.7 million square feet (sqft) across India’s top six cities, the report said. Notably, Bengaluru reached a milestone by recording 6.
3 million sqft of leasing in Q3 alone, marking its highest quarterly leasing figure to date. READ | Century Real Estate sells luxury homes worth ₹ 450 crore during pre-launch of project in Bengaluru The momentum is undeniable. Colliers, a leading real estate services firm, reported a 31 per cent year-over-year increase in office space leasing, showcasing a growing confidence among employers.
Large transactions of over 100,000 sqft made up a substantial 65 per cent of all leases in the third quarter, with tech companies driving about a quarter of the demand, the report noted. Flexibility is also a key trend. Many bus.
