Bengaluru’s northern corridor, long viewed as an emerging office market, is gaining renewed traction as a global retail technology major has leased over one lakh square feet of office space near the international airport. The transaction underscores a broader shift in Bengaluru office leasing, where global firms are increasingly favouring infrastructure-led growth zones over saturated central business districts.
Property registration data indicates that the technology arm of a leading US retailer has entered into a five-year lease for approximately 1.01 lakh sq ft at a Grade A commercial development in Devanahalli. The monthly rental is close to Rs 49 lakh, with annual escalation built into the agreement, reflecting confidence in long-term occupancy and the location’s growth potential. The leased space spans three floors within a modern office complex developed by a large domestic real estate group. Industry analysts view the deal as a strong endorsement of North Bengaluru’s evolving commercial ecosystem. Proximity to the airport, availability of large floor plates, and scope for future expansion are increasingly driving occupier interest. “Large global occupiers are no longer treating peripheral locations as fallback options,” said a commercial real estate consultant. “They are actively planning campuses and long-term operations in these corridors.” The Bengaluru office leasing landscape has been undergoing recalibration following a prolonged period of uncertainty. As companies bring employees back to physical workplaces, demand is returning for high-quality offices that support collaboration while offering better connectivity and lower congestion. Airport-linked corridors, supported by highways and upcoming metro links, are emerging as preferred destinations for global capability centres.
According to an official spokesperson, the newly leased facility will support customer experience operations serving international markets and aligns with the company’s emphasis on in-person collaboration. The move adds to a series of large office commitments made by the company across Indian cities, reinforcing India’s role as a strategic technology and operations base. Urban planners note that such developments place renewed responsibility on city authorities and developers to integrate sustainability into growth. North Bengaluru’s expansion presents an opportunity to embed energy-efficient buildings, public transport access, and inclusive urban infrastructure from the outset, avoiding the retrofitting challenges faced by older business districts. The transaction is also being seen as a positive signal for India’s commercial real estate sector, where long-term leases by global firms are returning after a cautious phase. Developers report increasing enquiries for Grade A office projects located near transport nodes, particularly airports and metro corridors.
As Bengaluru continues to decentralise its office market, North Bengaluru’s rise reflects a broader urban transition one where economic growth, infrastructure planning, and sustainable development must move in tandem to create resilient and equitable employment hubs for the future.
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