Bengaluru Office Space to Hit 330-340 MSF by 2030: CII-CBRE
Real Estate

Bengaluru Office Space to Hit 330-340 MSF by 2030: CII-CBRE

Bengaluru's office space market is set to expand significantly, with total stock expected to reach 330-340 million square feet (msf) by 2030, according to a report by the Confederation of Indian Industry (CII) and CBRE. This growth is primarily driven by the burgeoning IT sector and continued infrastructure development in the city.

The report highlights that Bengaluru's office market has already demonstrated robust performance, with an annual absorption rate averaging around 12-14 msf over the past few years. This trend is expected to continue, supported by strong demand from the technology sector and increasing investments in commercial real estate.

The IT and ITeS sectors remain the dominant drivers of office space demand, accounting for a substantial share of the city's commercial real estate transactions. The report also points to the emergence of new growth corridors and the development of Grade A office spaces, which are attracting both domestic and international investors.

Furthermore, the city's infrastructure development, including metro rail expansions and improved connectivity, is enhancing its appeal as a prime business destination. These factors are expected to contribute to sustained demand for office space, ensuring steady growth in the market.

Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, emphasised the importance of continued infrastructure investments to support this growth. He noted that the development of new business districts and enhancement of existing ones will be crucial in maintaining Bengaluru's competitive edge.

The report also underscores the need for sustainable development practices, urging stakeholders to focus on green buildings and energy-efficient designs. As the city gears up for this anticipated growth, adopting sustainable practices will be key to ensuring long-term success and resilience in Bengaluru's office market.

In summary, Bengaluru's office space market is poised for significant expansion, driven by strong demand from the IT sector and ongoing infrastructure development, making it a critical hub for commercial real estate in India.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Bengaluru's office space market is set to expand significantly, with total stock expected to reach 330-340 million square feet (msf) by 2030, according to a report by the Confederation of Indian Industry (CII) and CBRE. This growth is primarily driven by the burgeoning IT sector and continued infrastructure development in the city. The report highlights that Bengaluru's office market has already demonstrated robust performance, with an annual absorption rate averaging around 12-14 msf over the past few years. This trend is expected to continue, supported by strong demand from the technology sector and increasing investments in commercial real estate. The IT and ITeS sectors remain the dominant drivers of office space demand, accounting for a substantial share of the city's commercial real estate transactions. The report also points to the emergence of new growth corridors and the development of Grade A office spaces, which are attracting both domestic and international investors. Furthermore, the city's infrastructure development, including metro rail expansions and improved connectivity, is enhancing its appeal as a prime business destination. These factors are expected to contribute to sustained demand for office space, ensuring steady growth in the market. Ram Chandnani, Managing Director, Advisory & Transactions Services, CBRE India, emphasised the importance of continued infrastructure investments to support this growth. He noted that the development of new business districts and enhancement of existing ones will be crucial in maintaining Bengaluru's competitive edge. The report also underscores the need for sustainable development practices, urging stakeholders to focus on green buildings and energy-efficient designs. As the city gears up for this anticipated growth, adopting sustainable practices will be key to ensuring long-term success and resilience in Bengaluru's office market. In summary, Bengaluru's office space market is poised for significant expansion, driven by strong demand from the IT sector and ongoing infrastructure development, making it a critical hub for commercial real estate in India.

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?