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Microsoft looks to lease 1.2 mn sq ft office space in Bengaluru

Microsoft looks to lease 1.2 mn sq ft office space in Bengaluru

Tech giant Microsoft is in talks with multiple builders in Bengaluru to lease over 1.2 mn sq ft office space to consolidate its operations in the city

Commercial office, New leases, Bengaluru office market, Microsoft India offices

Tech giant Microsoft is in talks with multiple builders in Bengaluru to lease over 1.2 mn sq ft office space to consolidate its operations in the city.

Microsoft currently occupies 5,50,000 sq.ft. in Outer Ring Road, the tech hub of Bengaluru.

“In the first phase, the company is looking at 200,000 sq ft for short term requirements and is in talks with multiple builders,” said the two persons in the know of the deal.

Microsoft India has been lapping up office space in the last two years to cater to its growing employee population. The software giant has operations in 11 cities in India and employs about 8000 people across the country.

The company is looking to set up a built-to-suit campus and aims ro eventually bring together all its operations in Bengaluru.

Currently, about half of Microsoft’s Indian employees work out of its campus in Hyderabad, the software major’s second-biggest after its Redmond headquarters.

In a recent deal, Google occupied 1.4 mn sq ft in Bagmane Rio in Bengaluru, while Common Wealth Bank of America took 2400 seats with WeWork in the city.

Commercial space deals in India were pushed back by three to six months due to travel restrictions globally.

As per industry estimate, net office absorption in Bengaluru dipped 37% in Q1 2020 to 2.7 mn sft

Commercial space deals in India were earlier estimated to remain robust in 2020 after hitting a record of over 60 million sq ft in 2019.

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