Business Standard

Wednesday, January 08, 2025 | 07:14 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Amazon hires record level of office property in 2016

Last year's space leasing equal to seven years' total

Amazon, office property, US, India, Delhi
Premium

Amazon

Raghavendra Kamath Mumbai
US-based e-commerce giant Amazon took about a million square feet of office spaces on lease last year, making it equal to what it took between 2008 and 2015 in the country.

Founder and chief executive Jeff Bezos said last year that it would invest another $3 billion in India, amid intense competition in the e-commerce space.

Much of the leased space could be used for seller and development services, besides a 30,000-sq ft building in Bandra Kurla Complex for its India headquarters.

According to Propstack, a data analytics firm for commercial property transactions, various Amazon entities have leased about 1.3

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in