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

India’s flexible workspace sector is becoming a core part of corporate real estate, accounting for 27% of office leasing in H1 2026. Flex leasing has grown faster than traditional Grade A offices, while enterprises and GCCs increasingly choose managed workspaces to reduce upfront costs and scale faster.
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India’s office leasing grew 7% year-on-year to 41.6 million sq. ft. during the first half of 2026, according to Savills India. Strong demand from GCCs, technology firms, BFSI, and flexible workspace operators, combined with balanced office supply, continues to strengthen the country’s commercial real estate market despite global uncertainties.
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Ahmedabad’s office market is witnessing rising demand for mid-sized workspaces, with leasing activity between 50,000 and 100,000 sq. ft. recording strong growth during H1 2026. Businesses are increasingly prioritising flexibility and cost efficiency, positioning the city as an emerging commercial real estate destination supported by sustainable urban development.
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Bengaluru’s office leasing declined 21% to 9.37 million sq. ft. in H1 2026 due to slower corporate decision-making amid global uncertainty. However, India’s office market remained stable, with GCCs accounting for 41.7% of leasing activity, while coworking operators achieved a record 10.23 million sq. ft. of space absorption.
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India’s office market recorded a historic 43 million sq. ft. of gross leasing in H1 2026, up 5% year-on-year despite global uncertainty. GCCs and flexible workspace operators led demand, while lower new supply pushed vacancy to post-pandemic lows, strengthening rental growth and reinforcing confidence in India’s commercial real estate sector.
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Awfis Space Solutions will hold a group meeting with analysts and institutional investors on July 10, 2026, in Mumbai. The session will discuss publicly available information on the company’s business and strategy, in compliance with SEBI regulations, and highlight Awfis’ commitment to transparency and regular investor communication.
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