Bengaluru (Bangalore)
• About 75,000 sq ft of new office space was added to the Grade A office market in 1Q
2011. Approximately 115,000 sq ft of Grade A office space is expected to complete in
2Q 2012.
• The market saw sustainable rising leasing activities during 1Q 2011. Demand was
predominantly underpinned by the IT/ITeS and financial sectors. The average Grade A
office rents increased by about 3% QoQ in 1Q 2011.
• In view of rising demand and positive market sentiment, developers started to launch
new commercial projects. Projects launched in 1Q 2011, including Brigade Rubix, Prestige
Exora – II&III, and Alyssa, will contribute about 2 million sq ft of floor area to the total
stock upon completion by end-2012
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