Thellion Consulting: Strategic Management Consulting

Office Space in Bengaluru, India

Bengaluru offers diverse options for office space!

Bengaluru, often referred to as the Silicon Valley of India, is the epicenter of the country’s technology and innovation landscape. Renowned for its vibrant startup ecosystem, the city hosts global tech giants, R&D centers, and thousands of thriving startups across industries like IT, AI, biotech, and fintech.

Its strong talent pool, fostered by top educational institutions and a culture of entrepreneurship, has made Bengaluru a hub for cutting-edge research and development. With a supportive government, access to venture capital, and a diverse, tech-savvy workforce, the city continues to drive India’s digital transformation and global competitiveness.

The city hosts thousands of companies including most of Fortune 100, 500, and 1000 companies. Bengaluru is the Global Capability Center for many multinational companies such as IBM, Nokia, Dell, Apple, Facebook, Google, Microsoft, Amazon, GE, Cisco, LinkedIn, Accenture, Siemens, Sony, and Tesla.Bengaluru is the startup hub of India creating many billion dollar companies such as Flipkart, Byju’s Swiggy, Ola, RazonPay, CRED, ShareChat, Unacademy, Groww, LivSpace, Slice, and so on.

Bengaluru has hundreds of technology and management educational institutions that graduates thousands of engineer a year. And the city attracts tens of thousands of engineers from around the country.
The city is known to be very friendly with almost all speaking English (and multi-lingual) and the city is also known as the garden city of India with its beautiful parks and lakes leading to best weather conditions all around the year.

Bengaluru Technology Companies are distributed mostly in Central Business District (mostly shared offices, startups, short term needs, financial companies), Bengaluru North (many Tech parks such as Manyata, Mantri, and so on), and Bengaluru East (many technology parks such as Bagamane, Prestige, and so on). All have their own pros and cons but there is demand.

Bengaluru West and South have technology companies but not as prominent as in other areas. Bengaluru West is catching up where Bengaluru South has least tech company presence.

Biggest concern in Bengaluru now is the traffic – which is terrible due to Metro Construction. Metro is available in some parts and very successful and does resolve part of traffic issues wherever it is available. The city is growing with inflow of people for employment & business opportunities – talent pool is growing

Traffic Congestion is really bad in areas where Metro Construction is in progress. This is a major loss of valuable time of the workforce and a major complaint from everyone. Because of fast growth and slow progress, these conditions will continue to exist until the construction is complete. Metro construction will continue to be there for the next 5-8 years for sure.

Many companies have accommodated flexible working model expecting employees to work 2-3 days from office and the rest from home.

Wherever the Metro is functional and there are no more construction, the traffic seems to be manageable and people appreciate the Metro’s value add. With fast metro construction work in progress, Bengalore is poised to become one of the best cities - and this is clearly visible with the growth in population the city is seeing!

The image above show the latest (August 2024) comparison of office space market in Bengaluru. The currency used in the table are India Rupees.

As we can see, Bengaluru offers most expensive to easily affordable office space with a combination of small, medium, and large office spaces as well as independent and shared offices. The office space market is diverse and that's what makes Bengaluru so attractive to all kinds of local and global businesses.

Authored by
Naren Narayana
Managing Partner, Thellion Ventures, Bengaluru, India
August 2024

Office Space in Bengaluru, India

Bengaluru offers diverse options for office space!

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