REG News
Gurugram: India’s flexible office space market is expected to witness significant growth over the next three to four years, with total flex space stock across the country's top seven office markets projected to reach 170–180 million sq. ft. by 2030, up from approximately 90 million sq. ft. in 2026.
According to a joint report by Colliers and the Confederation of Indian Industry (CII), titled Flex First: Transforming the Future of Work & Real Estate, flex space concentration in Grade A office stock is expected to increase from around 10% currently to 14–15% by 2030.
The growth is being driven by rising enterprise demand, Global Capability Centres (GCCs), and companies increasingly adopting flexible workspaces as part of their real estate strategies.
Flex operators are expected to lease approximately 18 million sq. ft. of Grade A office space in 2026. Bengaluru, Delhi NCR, and Hyderabad are projected to contribute around 3-4 million sq. ft. each.
Meanwhile, secondary business districts across the top seven cities have accounted for more than 55% of flex space leasing over the past five to six years.
By 2030, flex operators could account for nearly one-third of total Grade A office leasing across these markets, compared with 20–25% currently. Ashwinder R. Singh of BCD Group said flexible workspaces are becoming an integral part of enterprise real estate strategies.
Arpit Mehrotra, Managing Director, Office Services, India, Colliers, said enterprise adoption and GCC expansion will drive the sector's next growth phase, with flex spaces expected to occupy 20–25% of occupiers' real estate portfolios within the next three to four years.
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