Uber has leased approximately 1.13 million sq. ft. of office space at Prestige Lakeside Drive along the Outer Ring Road (ORR) in Bengaluru, marking one of the largest commercial leasing transactions in the city. The deal reflects sustained demand from global technology companies for large, integrated office campuses in India’s leading business hub.
Bengaluru has consistently remained a preferred destination for multinational corporations due to its strong talent base, mature ecosystem, and established infrastructure. This transaction further reinforces the city’s dominance in India’s office leasing market.
Strategic Location Strengthens ORR’s Commercial Appeal
The Outer Ring Road corridor is widely regarded as one of Bengaluru’s most active commercial belts, hosting a large number of IT parks and corporate campuses. The location offers seamless connectivity to key micro-markets such as Whitefield, Marathahalli, and Sarjapur Road, while also providing access to residential zones that support workforce demand.
Prestige Lakeside Drive, positioned along this corridor, benefits from proximity to major tech parks, social infrastructure, and upcoming metro connectivity. These factors continue to drive strong absorption of office space in the area.
Transaction Overview
| Parameter | Details |
|---|---|
| Tenant | Uber |
| Location | Prestige Lakeside Drive, ORR Bengaluru |
| Lease Area | 1.13 million sq. ft. |
| Asset Type | Grade A Commercial Office |
| Deal Type | Large-scale Office Lease |
Impact on Bengaluru’s Office Real Estate Market
The scale of this lease highlights ongoing demand for large office spaces, particularly from global technology firms and global capability centres. Transactions of this size often indicate long-term operational expansion and contribute to strengthening rental benchmarks in key business districts.
The ORR corridor is expected to see continued growth in commercial activity, supported by infrastructure upgrades and sustained interest from corporate occupiers. Large leasing deals also play a role in enhancing investor confidence and encouraging further development of Grade A office spaces.
Market Trends and Future Outlook
Bengaluru’s commercial real estate market continues to show resilience, with demand driven by the expansion of technology firms and financial institutions. The preference for consolidated office campuses with modern amenities is shaping leasing patterns across the city.
As infrastructure projects such as metro expansions progress, micro-markets along ORR are expected to remain central to office space absorption. Large transactions like this underline Bengaluru’s position as a key office market not just in India, but across the Asia-Pacific region.
Also Read: Commonwealth Bank Leases 1.1 Million Sq Ft Office Space at Manyata Tech Park, Bengaluru
