Nike India Secures 1.25 Lakh Sq Ft Office Space in Bengaluru for ₹121 Crore
Nike India Technology Center Private Limited has leased more than 1.25 lakh sq ft of office space at Bagmane Tech Park in Bengaluru through two separate transactions, with a total rent of ₹121 crore for a five-year period. According to property registration documents accessed by CRE Matrix, these leases signify a significant expansion for the company in one of India’s tech hubs.
In the first transaction, Nike India leased 48,639 sq ft of office space on the third floor of the Olympia Building at Bagmane Tech Park. The initial monthly rent for this space is ₹80.25 lakh, and the lease agreement was executed for a five-year term commencing on January 15, 2026. Rent payments are scheduled to begin on May 15, 2026. The company paid a security deposit of ₹4.81 crore and secured 55 paid car parking spaces, each costing ₹5,500 per month. The rental rate is ₹165 per sq ft per month, with a 15% rent escalation every three years.
In the second transaction, Nike expanded its footprint by leasing an additional 77,000 sq ft in Bagmane Tridib. This space is divided into 39,000 sq ft on the sixth floor and 38,000 sq ft on the seventh floor. The combined starting monthly rent for the two floors is ₹1.27 crore, translating to a rental rate of ₹165 per sq ft per month. The agreement for these floors is also for a five-year tenure and includes a 15% rent escalation every three years. The lease for the sixth floor commenced on January 15, 2026, while the lease for the seventh floor commenced on April 15, 2026. Rent payments for the two floors are scheduled to commence from May 15, 2026, and August 15, 2026, respectively.
For the Bagmane Tridib lease, the company paid a security deposit of ₹7.62 crore and secured 88 paid parking spaces. Taken together, the two lease transactions provide Nike with approximately 1,25,639 sq ft of office space and 143 parking slots within one of Bengaluru's most prominent office parks. Both transactions were registered on June 2, 2026.
Bagmane Tech Park is a leading destination for tech companies in Bengaluru, offering state-of-the-art facilities and a strategic location. The park is well-connected to major transportation hubs and is home to several other tech giants, making it an ideal choice for Nike’s expansion plans.
The initial public offer of Blackstone-backed Bagmane Prime Office REIT opened on May 5 and closed on May 7 this year. The REIT, based in Bengaluru, has successfully secured approximately ₹1,150 crore from initial investors prior to the public offering. Bagmane Prime Office REIT's portfolio includes six premium Grade A business parks, spanning 20.3 million square feet, located in key micro-markets of Bengaluru, including the Outer Ring Road (ORR) and the Secondary Business District (SBD City).
Nike’s expansion in Bengaluru underscores the city’s growing importance as a global tech hub and the company’s commitment to investing in cutting-edge facilities to support its operations and growth in India.
