AMD leases five lakh sq ft space in Prestige Technostar in Bengaluru - ET RealEstate

Abstract

AMD has leased 500,000 sq ft office space in Prestige Group’s commercial property in Bengaluru, Prestige Technostar, in one of the largest office deals in the southern market in 2022. AMD will pay rent of around Rs 31.5 crore annually, mentioned a lease deed shared by Propstack. The firm has leased over 1.5 million sq ft of office space to edtech and technology firms like HP and Byju's that closed earlier this year. Indian office markets saw 10.7 million sqft of office spaces. The company has leased 1.8 millionsq ft of space between January and March 2022, according to Knight Frank. Bengaluru had a total leasing of 3.5m sq ft.