Apple has leased nearly zero point four million (mn) sq ft of office space in Bengaluru, marking a significant addition to its local footprint. The company has committed to a rental payment of Rs 13.33 billion (bn) over 10 years, reflecting a long term leasing arrangement. The space forms part of broader demand for corporate offices in the city. The transaction was structured as a long term lease with provisions typical for corporate tenancies and follows a sequence of large scale agreements observed in recent quarters.

The leased area is intended to support ongoing operations and expansion by the technology firm in one of the country's leading innovation hubs. Bengaluru continues to attract large scale leases as firms seek proximity to engineering talent and established tech clusters. This transaction underscores the resilience of the office leasing market despite episodic headwinds. It is expected to accommodate a range of functions including engineering, research and corporate services.

Landlords and developers are likely to view the deal as a vote of confidence that may encourage further investment in high quality commercial projects. Brokers and market participants said such commitments can stabilise rental expectations and improve asset valuations in prime micro markets. The agreement may also influence leasing activity in nearby submarkets over the medium term. Analysts suggested the deal could have a modest effect on investor appetite and on leasing strategies adopted by other large occupiers.

The 10 year term indicates a multi year commitment that aligns tenant needs with long run occupancy planning. Observers noted that large scale, long term leases can support infrastructure upgrades and foster ancillary demand for services. The location's connectivity and access to talent contribute to its appeal for multinational occupiers. The transaction reinforces Bengaluru's role as a strategic location for multinational corporate real estate decisions.