Flexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
India has become a top destination for Global Capability Centers (GCCs), leasing 53 million square feet of office space since 2022. With 67% of GCCs planning further expansion, India’s skilled workforce, cost-effectiveness, and supportive government policies continue to attract global firms, boosting the commercial real estate sector.
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IBM has signed a ₹143 crore lease for 830,000 square feet of office space with Embassy REIT, strengthening its presence in India. The deal highlights the growing demand for premium office spaces in India’s commercial real estate market and reinforces Embassy REIT’s ability to attract major global tenants like IBM.
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Bengaluru leads India’s flexible workspace market, accounting for 31% of the total Grade A flex supply, with 58 million sq ft across top cities. Driven by hybrid work models and high demand from the IT sector, flexible spaces now make up 11-13% of nationwide office space demand, according to Cushman & Wakefield.
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India’s flexible workspace supply hit 58 million sq ft by mid-2024, with Bengaluru leading at 31%. The sector has increased, driven by the IT industry and managed office solutions. Flex spaces now account for 11-13% of office demand nationwide, expanding to Tier II and III cities.
READ MOREtheflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
Vatika towers, Golf course road, Gurgaon
India
