IWG signed 43 new flexible workspace locations in India during H1 2026, making the country its third-largest growth market globally and fastest-growing in Asia. The expansion comes as flex operators capture a record 41.7% of leasing across India’s top seven cities, driven by demand from enterprises, GCCs, and hybrid work.
International Workplace Group (IWG) is rapidly expanding its presence in India, signing 43 new locations during the first half of 2026. The deals made India the company’s third-largest growth market worldwide and its fastest-growing market in Asia, as demand for flexible workspace continues to rise.
The expansion is being driven by changing workplace strategies among enterprises, Global Capability Centres (GCCs) and Indian businesses. Harsh Lambah, country head, India, IWG, said, “Enterprises, GCCs and homegrown businesses are rethinking where their teams work and how much space they need, and flexible workspace is becoming an increasingly important part of that decision.”
Managed Partnerships Drive Expansion
All 43 Indian signings were secured through managed partnership agreements with local property owners. The capital-light model allows IWG to expand its network while enabling landlords to unlock additional value from commercial assets.
IWG currently operates 125 centres across 37 Indian cities through its Regus, Spaces and HQ brands. Its network spans major metros as well as emerging business destinations including Coimbatore, Mohali, Ludhiana, Surat, Jaipur and Indore. The company also has a pipeline of more than 200 additional centres across the country.
Christian Schmitz, chief executive officer of IWG, said, “Our capital-light strategy allows us to grow quickly, while helping our partners generate more value from their buildings.” The model is increasingly relevant as landlords look to diversify their tenant mix and adapt traditional office assets to changing occupier requirements.
Flex Operators Gain Share of Office Leasing
IWG’s expansion comes amid strong momentum across India’s flexible workspace sector. Data from JLL Research (REIS) shows that flex operators increased their activity by 14.2% in H1 2026, accounting for 41.7% of total leasing volumes across India’s top seven cities. This was the segment’s highest first-half market share on record.
GCC leasing also increased 14.2% year-on-year during the period, highlighting the growing need for scalable workplace solutions among multinational and technology-driven businesses. For flex operators, the combination of hybrid work, distributed teams and GCC expansion is creating fresh demand for managed offices, coworking spaces and enterprise-grade flexible solutions.
IWG Scales Global Network
India’s performance forms part of IWG’s record global expansion. The company signed 728 new locations worldwide during H1 2026, bringing its global pipeline to more than 6,000 signed locations across more than 120 countries. The United States led with 187 new signings, followed by the UK with 62, India with 43 and China with 42.
Around 95% of new global locations were secured through capital-light managed partnerships. IWG also reported record revenue and EBITDA for the period and estimates that the global flexible-working market has a long-term addressable opportunity of more than $2 trillion, supported by an estimated 1.2 billion white-collar workers.
For India’s office market, IWG’s expansion signals how flexible workspace is moving beyond a niche offering and becoming an increasingly important part of occupier and landlord strategies across both established and emerging business locations.
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