New Delhi, 19 September (IANS). India is the largest flexible workplace market in the Asia-Pacific region, which has a stock of 79.7 million square feet (MSF) in the top 8 cities by the second quarter of 2025.
Kushman & Vackfield said in its report on Friday, “The stock is expected to reach 85 MSF by the end of the year and cross 100 MSF by 2026.”
Along with this increase, demand has also increased.
According to the report, authorities are giving priority to small commitments, managed solutions and speed to market strategies. Therefore, the demand for flexible workplace has increased by about six times since 2020.
In 2024 alone, Flexible Space took 15 percent of the total new office leasing, which confirms its mainstream adopted. The operator expansion has also accelerated.
In the last three years 2022 to 2024, Flexible Workplace Providers took 33.5 MSF lease, which is equal to more than 5 lakh seats.
The report stated that the take-up of the annual operator to triple in only five years, which has increased from 4.3 MSF to 15.4 MSF in 2020, which has been established as a core workplace solution instead of an altarnet option.
Flexibility and agency are pushing the Flex Space Story in India and it is about to intensify as companies are actively looking for a business ready office to rapidly increase or adjust the number of employees when needed.
According to the report, a large part of this stock is concentrated in the top 8 cities, with Bengaluru at the forefront, which has 30 percent of the National Flex Inventory, followed by Delhi-NCR, Pune and Hyderabad.
Bengaluru is also at the forefront of demand, which is one-third of the annual enterprise transactions in the country.
In addition to these major metros, Occupiyers are rapidly expanding to Tier-2 cities like Chandigarh, Jaipur, Kochi, Trivandrum, Coimbatore, Visakhapatnam and Bhubaneswar to avail new talent and low operational costs.
India is known for the strength and maturity of its flexible workplace market.
The report stated, “Kushman and Vackfield’s maturity index scoring 100 points, India has surpassed its office market global competitors, including the United Kingdom, France, the United States, the United States, the United States and Japan and Singapore.”
-IANS
SKT/
