Blitz Bureau
NEW DELHI: India is the largest flexible workspace market in the Asia-Pacific region (APAC), with 79.7 million square feet (MSF) of stock, across top 8 cities as of the Q2 2025, a report said on September 19. “It is expected to reach 85 MSF by year-end and surpass 100 MSF by 2026,” Cushman and Wakefield said in its report on September 19. This growth has been matched by surging demand. According to the report, flex demand has risen nearly sixfold since 2020, fuelled by occupiers prioritising shorter commitments, managed solutions, and speed-to-market strategies. In 2024 alone, flexible space accounted for 15 per cent of total new office leasing, confirming its mainstream adoption. Operator expansion has also accelerated sharply.
Over the past three years (2022–2024), flexible workspace providers leased 33.5 MSF, equivalent to more than 5 lakh seats. Annual operator take-up has tripled in just five years, from 4.3 MSF in 2020 to 15.4 MSF in 2024, firmly establishing flexible workspace as a core workplace solution rather than an alternate option, the report stated.
Flexibility and agility are driving India’s flex space story, and this trend is set to accelerate as firms actively seek business-ready offices to rapidly scale or adjust headcount as needed. “The bulk of this demand is coming from international enterprises, which accounted for 72 per cent of flex seat absorption in 2024, while start-ups took up 28 per cent,” the report noted. The significant influx of Global Capability Centres and other new companies entering India is accelerating this shift, further solidifying flexible workspaces as the preferred model for companies seeking speed, resilience, and growth in a dynamic market.
