A recent study by Meraqi Research suggests that lower occupancy, accessibility, connectivity and future development opportunity is driving the growth of commercial real estate in North West Bengaluru which includes areas of Malleshwaram, Rajajinagar, and Peenya. With large corporates across industry verticals including automotive, Pharmaceutical, aviation, electronics, IT/ITeS setting up offices in this micro-location, North West Bengaluru is fast growing as an emerging business district. Commenting on the study, Nirupa Shankar, Joint Managing Director, Brigade Group said, “North-West Bengaluru is fast emerging as a secondary corporate hub. The region has been witnessing increased commercial development activity with demand expected to grow to 4 million sq ft by 2025 from the current 2 million sq ft, with 42 per cent of the total space being in the Grade A developer category. It is expected that the capital value of commercial development will be around Rs 10,500 to 11,000 per square foot. What gives this micro market additional value is that during the recent copious floods that Bengaluru witnessed, this micro-market remained largely unaffected.”Metro rail connectivity, expressway, wide roads, good drainage, lack of water logging and connectivity to various business districts are prime reasons for growth of commercial real estate in the region. The proposed Bengaluru-Mumbai Industrial Corridor, which will pass through North-West Bengaluru will increase the growth of commercial real estate with an expected employment opportunity of around 23 million by 2041. The Namma Metro purple line extension expected to be completed by 2023 will further the prospects of the commercial real estate sector in the region.