{"id":5251,"date":"2022-02-06T14:07:15","date_gmt":"2022-02-06T14:07:15","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=5251"},"modified":"2022-02-08T14:06:05","modified_gmt":"2022-02-08T14:06:05","slug":"bangalores-great-spots-to-rent-office-space","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/bangalores-great-spots-to-rent-office-space\/","title":{"rendered":"Bangalore’s great spots to rent office space"},"content":{"rendered":"\n

Bangalore<\/a> is a dream come true for both existing businesses and aspiring entrepreneurs. Most people share the same desire of having an office in Bangalore. <\/em><\/p>\n\n\n\n\n\n\n\n

This city, also called as the IT hub, Silicon Valley, or the IT capital of India, has increased in popularity as a result of the presence of multiple start-ups and globally recognized conglomerates in different fields. Bangalore’s commercial real estate prices are also lower than those in Mumbai and Delhi NCR. These are some of the factors why Bangalore is by far the most popular place for starting a business.<\/p>\n\n\n\n

“Bangalore is perhaps the most robust real estate market in the\ncountry with admiration to commercial, residential, retail, or other real\nestate asset class,”.The city registered 15.5 million sq ft of commercial\nabsorption last year before the pandemic occurred, i.e. in 2019. Across all\ncities, this was the highest. It also recorded 12.4 million sq ft of commercial\nabsorption during the pandemic, i.e. in 2020, which was again the largest\nacross all cities. Whereas the second pandemic phase slowed absorption in\nApril-June 2021, the city is currently seeing a robust comeback from the\naggregate absorption observed during first three quarters of the previous year.\nA number of variables have contributed to the market’s amazing run.First,\npreviously muted desire among workplace occupiers who have placed their\ncommercial take-up career on hold previously this year due to the pandemic and\naccompanying lockdowns re-entered the market and closed transactions. Second,\nglobal tech firms and other large corporations have signed up for office space\nas part of a deliberate, long-term occupation strategy. Finally, the city’s and\ncorporate tenants’ COVID-19 immunization drives instilled trust andconfidence\nin future expansion goals, leading to higher office space absorption.<\/p>\n\n\n\n

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