India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

IndiQube has signed a ₹52 crore managed office deal with a Japanese e-commerce firm in Bengaluru, reflecting rising global demand for flexible workspaces. With GCC-led expansion and India’s flex stock crossing 100 million sq ft, enterprises are increasingly prioritising agility, customisation, and faster market entry through managed office solutions.
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India’s flexible workspace market now commands 20% of commercial leasing, according to the Flex Office Market in India 2025 report by myHQ. Corporate adoption is rising fast, with enterprise deal sizes doubling since 2023. Bengaluru leads the supply, while Tier-2 expansion and GCC demand fuel the next growth wave.
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ICICI Bank has leased 820 desks at WeWork India’s Spectrum Tower centre in Mumbai’s Malad suburb, marking a significant return to flexible workspaces. The 42,000 sq ft deal reflects rising demand from corporates for hybrid-ready offices, as flex space continues to reshape India’s commercial real estate landscape.
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