New Launch - India Real Estate Report 2026.
Nike India Private Limited has strengthened its presence in Bengaluru by leasing approximately 1.25 lakh square feet of office space at Northgate IT Park in the city's Hebbal area. The lease agreement, registered in May 2026, has a tenure of five years and carries a total rental commitment of around ₹121 crore, according to property registration documents reviewed by real estate data analytics platform CRE Matrix.
The transaction highlights the continued demand for premium office spaces from multinational corporations despite evolving workplace strategies. Bengaluru remains India's largest office market, attracting technology companies, global capability centres (GCCs) and multinational firms looking to expand operations in the country.
Details of the Lease Transaction
Nike India has leased office space spread across multiple floors within Northgate IT Park, a prominent commercial development located in North Bengaluru. The leased premises comprise approximately 124,707 sq ft of office area.
According to the lease documents, the agreement commenced on May 1, 2026, and will remain valid for five years. The company has committed to paying a monthly rent of approximately ₹2.02 crore, resulting in a total rental outflow of nearly ₹121 crore over the lease period.
- Tenant: Nike India Private Limited.
- Location: Northgate IT Park, Hebbal, Bengaluru.
- Office Area: Approximately 1.25 lakh sq ft.
- Lease Term: Five years.
- Total Rental Value: Around ₹121 crore.
- Monthly Rent: Approximately ₹2.02 crore.
Strategic Importance of Bengaluru
Bengaluru continues to be one of the most sought-after destinations for corporate occupiers due to its strong talent pool, established technology ecosystem and modern office infrastructure. The city has consistently led office leasing activity across India and remains a preferred location for multinational companies setting up regional headquarters, technology centres and support operations.
The Hebbal-North Bengaluru corridor has emerged as a key commercial hub over the last decade, benefiting from improved connectivity, proximity to Kempegowda International Airport and the development of large Grade A office projects.
Growing Demand for Premium Office Space
Industry experts note that global companies are increasingly opting for high-quality office developments that offer modern amenities, sustainability features and flexible workplace configurations. Northgate IT Park is among the office developments that have benefited from this trend.
The lease transaction also reflects the resilience of India's commercial real estate market, particularly in Bengaluru, where demand from technology firms, GCCs and multinational corporations continues to drive occupancy levels across premium office assets.
Office Leasing Market Remains Strong
Recent market reports indicate that Bengaluru remains one of India's strongest office leasing destinations. Demand from multinational companies, engineering firms, financial services companies and global capability centres has supported sustained absorption of Grade A office spaces across major business districts.
Large office leasing transactions such as Nike India's latest deal demonstrate continued confidence in Bengaluru's long-term business environment and its position as a leading corporate destination in Asia.
Key Highlights
- Nike India leased approximately 1.25 lakh sq ft of office space in Bengaluru.
- The office is located at Northgate IT Park in Hebbal.
- The lease tenure is five years starting May 2026.
- Total rental commitment is estimated at around ₹121 crore.
- Monthly rent is approximately ₹2.02 crore.
- The deal highlights continued demand for premium office space in Bengaluru.
The leasing of 1.25 lakh sq ft at Northgate IT Park underscores Bengaluru's continued appeal to multinational corporations. As companies expand operations and strengthen their presence in India, the city remains a key destination for large-scale office leasing transactions and corporate real estate investments.
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