Flexible office space Archives - Page 3 of 3

Bengaluru Leads India’s Flexible Workspace Growth: Cushman & Wakefield Report 0

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.

Flexible Workspace Supply Reaches 58 Million Sq Ft in H1 2024 0

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.

Flex Spaces Surge in India, Recording Highest Ever Share in Office Leasing 0

Flexible office spaces in India have reached a record 12.7% share of total office leasing in the first half of 2024. Major sectors like IT, engineering, and BFSI are driving demand. With key operators expanding, flex spaces are poised for continued growth as companies seek cost-effective and adaptable workspace solutions.

Incuspaze Leases 5.8 Lakh Square Feet in Gurugram Amid Rising Demand for Flexible Workspaces 0
- Industry News
- July 19, 2024
Incuspaze leases 5.8 lakh sq ft of office space in Gurugram to meet rising demand for flexible workspaces. With 44 locations across 18 cities, Incuspaze is expanding amid a market surge, reflecting an increased preference for flexible office solutions driven by multinational companies and Global Capability Centres.
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Flexible Office Leasing Hits Record High in April-June Quarter 0
- Industry News
- July 10, 2024
India’s flexible office spaces hit a record 2.6 million sq ft leased in Q2 2024, reflecting strong demand despite WeWork’s exit. Mumbai led with a 119% increase. Overall, office leasing rose 19% in H1 2024, with Colliers forecasting continued growth in the sector driven by economic resilience and quality demand.
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Surge in Demand for Flexible Office Spaces Projected by 2026, Reveals CBRE Survey 0
- Industry News
- July 8, 2024
A CBRE survey predicts a significant rise in flexible office spaces, with 58% of companies expected to expand their portfolios by 2026. Driven by robust occupier activity and an increasing preference for flexible arrangements, the trend sees domestic firms leading over American corporations. This strategic shift aims to accommodate growing workforces and enhance operational efficiency.
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