Mysore, traditionally known as a heritage city famous for its palaces, silk, and tourism, is rapidly evolving into a dynamic business hub. While Bengaluru remains India’s tech capital, Mysore is emerging as an attractive alternative for businesses seeking a balanced mix of growth opportunities, affordability, and quality of life. Over the past few years, the demand for commercial office spaces in Mysore has surged, driven by economic diversification, infrastructural development, and changing work trends.
In this blog, we’ll explore the detailed reasons for rising up of commercial space demands in Mysuru.
Key Factors Driving the Growth of Commercial Office Spaces
1. IT & Tech Industry Expansion
Mysore has seen a steady rise in IT and tech-related businesses. The presence of Infosys, one of India’s largest IT firms, has played a crucial role in establishing the city as a viable tech destination. Several startups and software firms are now setting up offices in Mysore, benefiting from lower operational costs compared to Bengaluru.
2. Rise of Co-Working and Startups
The startup ecosystem in Mysore is gaining traction, with entrepreneurs and freelancers seeking cost-effective workspaces. Co-working spaces like Regus, WorkEdge Coworking, and other shared office setups have become increasingly popular, catering to small businesses and independent professionals.
3. Government Initiatives & Infrastructure Development
The Karnataka government has been actively promoting Mysore as a business-friendly destination. Key initiatives include:
Development of IT parks such as Lalitadripura IT Park and Hebbal Industrial Area
Expansion of road networks and improved connectivity to Bengaluru via the Mysore-Bengaluru Expressway
Introduction of Smart City projects enhancing urban infrastructure
Promotion of Ease of Doing Business policies attracting investors
4. Affordable Real Estate Prices
Compared to Bengaluru, Mysore offers significantly lower commercial rental and property rates. Businesses looking for spacious, well-connected office spaces find Mysore a cost-effective solution, allowing them to allocate more resources to business growth rather than real estate expenses.
5. Improved Connectivity & Transportation
The launch of the Mysore-Bengaluru Expressway has drastically reduced travel time between the two cities, making Mysore an attractive satellite city for businesses. Additionally, Mysore Airport is expanding its operations, and rail connectivity has improved, further boosting business mobility.
6. Growth of Non-Tech Industries
While IT dominates, other industries like education, healthcare, manufacturing, and tourism-related businesses are also contributing to the demand for commercial office spaces. Mysore is home to prestigious institutions like the Defence Food Research Laboratory (DFRL), Central Food Technological Research Institute (CFTRI), and numerous engineering colleges, creating opportunities for research-based businesses.
Types of Commercial Office Spaces in Demand
IT Parks & Tech Hubs: Office spaces in designated tech parks are seeing high demand from software firms.
Co-Working Spaces: Startups, freelancers, and small businesses prefer flexible office solutions.
Retail & Commercial Complexes: The growth of retail and e-commerce businesses has increased demand for office spaces in commercial zones.
Business Centers & Corporate Offices: MNCs and established firms are looking for premium office spaces with modern amenities.
Future Outlook
The commercial real estate sector in Mysore is set for exponential growth. With improved infrastructure, government support, and rising demand from businesses, Mysore is well on its way to becoming a prominent business destination in Karnataka. As the city continues to evolve, investors and entrepreneurs can expect a thriving commercial office space market with promising returns.
If you are planning to invest in a commercial building in Mysore, Contact – Nammane Construction, the leading builders.
Conclusion
Mysore’s commercial office space market is experiencing a significant transformation. The combination of affordability, government support, tech industry expansion, and improved infrastructure makes it an attractive choice for businesses. Whether you’re an entrepreneur, investor, or a company looking to expand, Mysore presents an excellent opportunity to establish and grow your presence in a dynamic and business-friendly environment.
