{"id":3449,"date":"2026-06-13T17:44:30","date_gmt":"2026-06-13T12:14:30","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3449"},"modified":"2026-06-13T17:44:30","modified_gmt":"2026-06-13T12:14:30","slug":"nike-india-leases-over-1-25-lakh-sq-ft-office-space-in-bengaluru-in-%e2%82%b9121-crore-deal","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/nike-india-leases-over-1-25-lakh-sq-ft-office-space-in-bengaluru-in-%e2%82%b9121-crore-deal\/","title":{"rendered":"Nike India Leases Over 1.25 Lakh Sq Ft Office Space in Bengaluru in \u20b9121 Crore Deal"},"content":{"rendered":"\n

India’s office market continues to witness strong demand from global occupiers. According to property registration documents accessed by CRE Matrix<\/a>, Nike India Technology Center Private Limited has leased more than 1.25 lakh sq ft of office space at Bagmane Tech Park in Bengaluru. The company signed two separate lease agreements with a combined value of approximately \u20b9121 crore for a five-year term. Bengaluru has once again emerged as a top choice for multinational corporations expanding their operations in India.<\/p>\n\n\n\n

What Does Nike’s Latest Bengaluru Expansion Include?<\/strong><\/h2>\n\n\n\n

Nike India has secured approximately 1,25,639 sq ft of office space across two buildings within Bagmane Tech Park.<\/p>\n\n\n\n

In the first transaction, the company leased 48,639 sq ft on the third floor of the Olympia Building. The lease commenced on January 15, 2026, with rent payments scheduled to begin from May 15, 2026. Nike agreed to an initial monthly rent of \u20b980.25 lakh and paid a security deposit of \u20b94.81 crore. The agreement also includes 55 paid parking spaces.<\/p>\n\n\n\n

The lease carries a rental rate of \u20b9165 per sq ft per month. Additionally, it includes a 15% rent escalation after every three years.<\/p>\n\n\n\n

Details of Nike’s Second Lease Agreement<\/strong><\/h3>\n\n\n\n

Nike further expanded its presence by leasing an additional 77,000 sq ft at Bagmane Tridib.<\/p>\n\n\n\n

The leased area comprises 39,000 sq ft on the sixth floor and 38,000 sq ft on the seventh floor. The company will pay a combined starting monthly rent of \u20b91.27 crore. This translates to the same rental rate of \u20b9165 per sq ft per month.<\/p>\n\n\n\n

The sixth-floor lease commenced on January 15, 2026, while the seventh-floor lease commenced on April 15, 2026. Rent payments for the two floors will begin on May 15, 2026, and August 15, 2026, respectively.<\/p>\n\n\n\n

Nike paid a security deposit of \u20b97.62 crore for this transaction and secured 88 parking spaces. Together, both lease agreements provide the company with 143 parking slots within the business park.<\/p>\n\n\n\n

What Do These Transactions Indicate About Bengaluru’s Office Market?<\/strong><\/h2>\n\n\n\n

The transaction showcases the ongoing preference among global occupiers for Grade A office developments in Bengaluru. Global companies continue to expand their technology and innovation operations in the city due to its deep talent pool, mature office ecosystem, and established business districts.<\/p>\n\n\n\n

Large occupiers increasingly prefer integrated business parks that offer modern infrastructure, scalability, and employee-focused amenities. Bagmane Tech Park remains one of the most sought-after office destinations. This is because it meets these requirements while providing access to major technology corridors.<\/p>\n\n\n\n

How Does This Transaction Benefit Bagmane Prime Office REIT?<\/strong><\/h2>\n\n\n\n

Both lease agreements were registered on June 2, 2026. This adds further momentum to the occupancy of Bagmane Prime Office REIT’s portfolio.<\/p>\n\n\n\n

The Blackstone-backed REIT launched its initial public offering in May 2026 and reportedly raised approximately \u20b91,150 crore from anchor investors before the public issue. The REIT owns and manages six Grade A office parks spanning 20.3 million sq ft across key Bengaluru office micro-markets, including Outer Ring Road and the Secondary Business District.<\/p>\n\n\n\n

Long-term commitments from global occupiers such as Nike strengthen the quality of the REIT’s tenant base and reinforce investor confidence in Bengaluru’s commercial real estate market.<\/p>\n\n\n\n

What Does Nike’s Expansion Signal for Corporate Real Estate?<\/strong><\/h2>\n\n\n\n

Nike’s latest office leasing activity reflects a broader trend among multinational corporations that continue to invest in long-term workplace strategies in India. In particular, companies remain focused on securing premium office space that supports talent acquisition, collaboration, and future growth.<\/p>\n\n\n\n

Consequently, as demand for high-quality office assets remains resilient, Bengaluru is likely to retain its position as one of India’s leading destinations for large-scale corporate occupiers, technology centers, and global capability hubs. Moreover, the city’s strong talent pool and established office ecosystem continue to attract long-term investments from global businesses.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Bengaluru continues to lead India’s office leasing market, driven by strong demand from technology firms, global capability centers, and multinational occupiers. The city’s Grade A office stock, skilled workforce, and established business districts continue to attract large-scale leasing transactions across key micro-markets.<\/p>\n\n\n\n

In a recent transaction, Global aerospace and defence major Airbus India Private Limited has leased 1.51 lakh sq ft of office space at Titanium Tech Park<\/a> in Bengaluru. <\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2019s data-driven insights.\u00a0Book a demo now<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

India’s office market continues to witness strong demand from global occupiers. 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