AI and robotics firms dominate office space usage in Bengaluru, says Q2 report [Video]

Rapid global advancement in artificial intelligence has spurred demand for office space, and AI and robotics companies accounted for 21 per cent of the city’s absorption in the April-June quarter, a report said on Tuesday.

Overall, the IT-ITeS sector, including AI and robotics, accounted for 69 per cent of the city’s absorption in the second quarter (Q2) this year, according to the report by Vestian, an occupier-focused workplace solutions firm.

Bengaluru contributed the highest to pan-India absorption with a 25 per cent share in Q2, followed by Hyderabad and Mumbai at 20 per cent each.

“Despite global geopolitical challenges, India’s office markets reported robust real estate activities during Q2 2024. The quarter has already set the tone for robust leasing and construction activities for the current calendar year,” said Shrinivas Rao, FRICS, CEO, Vestian.

“Flex spaces are also likely to play a pivotal role in the growth of office markets in India,” Rao added.

Pune reported the highest …