Flex workspace market to reach 126 million sqft by 2028: Avendus
9 months ago

Flex workspace market to reach 126 million sqft by 2028: Avendus

Live Mint  

India's flexible workspace market is poised to outpace the traditional commercial office sector, fuelled by the adoption of work-from-anywhere policies and asset-light office expansion strategies. According to a report by investment banking firm Avendus Capital, the sector is projected to reach 126 million sq ft by 2028, up from 61 million sq ft in 2023. We expect at least four mature operators to go for a public listing within 2-3 years” said Prateek Jhawar, managing director and head, infrastructure and real assets, investment banking, Avendus Capital. Major flex workspace operators, such as WeWork India, IndiQube, Smartworks, Table Space and Awfis, offer a mix of co-working spaces and managed offices, or customized workspaces.

India Market Office Workspace Flex Jhawar 2028 Avendus  operators  solutions  million  workspace  2028  avendus  workspaces  sector  office  flexible  market  sqft  public  126  flex  offices  reach

History of this topic

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge
1 month, 3 weeks ago

GCCs Dominate Indian Coworking Market, with Bengaluru Leading the Charge

Hindustan Times  

Global capability centres (GCCs) leased nearly 23,000 coworking desks between January - September period in India. The resurgence in flex seat occupancy is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages and talent pool, boosting demand for flexible workspaces.

Domestic firms projected to lease 60-65 mn sq ft of office space in 2024-25: Report
3 months ago

Domestic firms projected to lease 60-65 mn sq ft of office space in 2024-25: Report

Hindustan Times  

Reflecting a shifting trend in India’s commercial real estate segment, domestic firms are expected to lease 60-65 million square feet of office space in 2024-25, thus challenging the historical dominance of global corporations, particularly from the US, a report by property consultancy CBRE noted. Domestic firms are projected to lease 60-65 million square feet of office in 2024-25 The report …

315Work Avenue leases additional 56,000 square feet office space in Pune
3 months, 1 week ago

315Work Avenue leases additional 56,000 square feet office space in Pune

Hindustan Times  

Coworking space provider 315Work Avenue has leased an additional 56,000 square feet of office space in International Tech Park Pune to take its overall space take-up in the facility to 1 lakh square feet, the company said in a statement. 315Work Avenue leases additional 56,000 square feet office space in Pune 315Work Avenue now has a total of 12,000 seats …

Over 80% office occupiers plan to expand through flex spaces in the next 3-5 years: Colliers
3 months, 2 weeks ago

Over 80% office occupiers plan to expand through flex spaces in the next 3-5 years: Colliers

Hindustan Times  

More than 80% office occupiers prefer to expand their commercial portfolio through flex spaces in the next few years. With both cost arbitrage and enterprise-level offerings coming into play, occupiers are increasingly embracing flex spaces for their core business operations. Notably, with increasing technology adeptness in flex spaces, about 40% of the technology sector occupiers are using flex spaces for …

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024
3 months, 3 weeks ago

Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024

Hindustan Times  

The flexible workspace footprint across the top eight cities in India has touched 58 million square feet as of H1 2024, a joint report by Cushman & Wakefield and Table Space has said. Led by Bengaluru, flexible office space supply touches 58 mn sq ft by H1 2024 According to the report, the first six months of 2024 added over …

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report
4 months, 2 weeks ago

Bengaluru tops flexible office stock in Asia Pacific region, Delhi-NCR on second spot: Report

Hindustan Times  

Bengaluru tops the list of 20 Asia Pacific cities with the highest flexible office stock at 15.5 mn sq ft in the APAC region, including Shanghai, Seoul and Tokyo. Delhi NCR ranks second in the city list with a total stock of 10.7 mn sq ft of flexible office space, a report by CBRE has said. Bengaluru tops flexible office …

Flexible space provider Incuspaze leases 5.8 lakh square feet space in Gurugram
5 months, 3 weeks ago

Flexible space provider Incuspaze leases 5.8 lakh square feet space in Gurugram

Hindustan Times  

In response to rising demand from corporate occupiers, flexible workspace provider Incuspaze has leased 5.8 lakh square feet of office space in Gurugram, the company said in a statement on July 1. Coworking firm Incuspaze leases 5.8 lakh square feet space in Gurugram “Incuspaze expansion marks a significant step in our growth strategy, allowing us to better serve our clients …

Flex office inventory in tier II, III cities to grow 25% by 2024-end, says report
6 months, 1 week ago

Flex office inventory in tier II, III cities to grow 25% by 2024-end, says report

Hindustan Times  

Riding on factors such as changing workplace dynamics, a flourishing startup ecosystem, conducive government policies and infrastructural advancements, non-metro cities are garnering increasing attention from flexible office solution providers in India. The total flex stock in tier II and III cities in the country is projected to grow 25% by the end of calendar year 2024, according to a MyBranch-Qdesq …

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24
1 year ago

Flexible Office Space Market In India Set To Cross Rs 14,000 Crore In FY24

ABP News  

India’s flexible office space is likely to see its market size increase 60 per cent to cross Rs 14,000 crore in the current fiscal year, due to a boost in rent charged by operators per desk and portfolio expansion, a report by Upflex India revealed. The ‘Co-Working and Managed Offices Redefining the Indian Commerical Real Estate’ report by Upflex India, …

In charts: Factors impacting office space demand
1 year, 5 months ago

In charts: Factors impacting office space demand

Live Mint  

The demand for office space in India is buffeted by two different forces: return-to-office mandates and concerns around hiring due to global economic uncertainties. While economic uncertainty has lowered the demand for office space, one form that is becoming popular across cities is the flexible office space. Demand drop In 2022, the demand for office space jumped by almost 53% …

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

The growing popularity of flexible office spaces
2 years, 1 month ago

The growing popularity of flexible office spaces

Hindustan Times  

High-rise office buildings, swank interiors, play-cum-collaboration spaces, and a pleasant work environment create an exciting work culture. Today, employees of all business sizes can work out of premium managed office spaces with amenities ranging from tech services to stocked kitchens in a campus-like environment while being in central business districts of big cities at a fraction of the cost. The …

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report
2 years, 2 months ago

Real Estate: 2022 Likely To Be Best Year for India's Office Market, Says Colliers Report

News 18  

The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 million sq ft across the top-6 cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. While hybrid working continues to be the mainstay, occupiers are not shying away from leasing new large spaces,” Colliers India said in …

'The Address' eyeing giant expansion in 2022
2 years, 11 months ago

'The Address' eyeing giant expansion in 2022

Hindustan Times  

The co-working and managed office spaces sector is emerging as the fastest-growing asset class within the conventional office space sector across the metro and megacities in India. 'The Address' Tapping the immense potential of the co-working space sector, 'The Address' has recently taken a giant leap that further strengthens its position in this rapidly growing business in India. 'The Address', …

The pivots of flex spaces: will it be the future of office space?
3 years ago

The pivots of flex spaces: will it be the future of office space?

Hindustan Times  

LinkedIn Learning’s 5th Annual Workplace Learning Report - ‘2021/Skill Building in the New World of Work’ shows that nearly half of India’s workforce is keen to return to their workspaces. RMZ One Paramount How to run a hybrid workplace pilot A hybrid work model would require new technologies, so starting small can help companies see what works and what doesn’t, …

‘Non-metros will offer flexible office space’
3 years, 1 month ago

‘Non-metros will offer flexible office space’

The Hindu  

As a good number of companies are crafting their own hybrid work model, the demand for flexible workspace is set to cross 60 million sq.ft. The demand for flexible workspace will be driven by companies in the consulting, IT-BPM and e-Commerce space that are establishing multiple satellite offices in suburban locations; as also businesses that are reassessing the use of …

Corporates' demand for flexible workspace up 73% in Jan-Jun period
3 years, 5 months ago

Corporates' demand for flexible workspace up 73% in Jan-Jun period

Business Standard  

Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility that co-working operators offer, according to a report. Top officials of coworking and managed office space operators Simpliwork Offices, Smartworks, The Executive Centre and The Office Pass observed that demand for flexible …

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