Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
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India’s flexible workspace sector is moving into a defining growth cycle, with Grade A flex stock in the top seven cities expected to exceed 100 million square feet by 2027, according to Colliers’ new report. That’s a sharp rise from 72.3 million square feet in 2025, signaling sustained demand from enterprises, GCCs, and evolving occupier needs.
Flex Space Gains a Bigger Share of India’s Office Market
The flex segment’s role in the broader office ecosystem is strengthening. Flex spaces currently represent 8.5% of total office stock in 2025, and that share is projected to reach 10.5% by 2027. Operators continue to expand aggressively, while occupiers seek more adaptable, cost-efficient workspace models.
Bengaluru remains the country’s strongest flex hub, with more than 22 million square feet of Grade A operational stock. Delhi NCR follows with roughly 12.5 million square feet. Together, the two regions account for almost half of all flex inventory across major markets.
Other cities are surging too. Pune leads in market penetration with flex making up 11.5% of its total office stock, while Chennai has been the fastest-growing flex market since 2021 — expanding more than fivefold in just a few years.
Enterprise Demand Is Powering the Next Growth Wave
Large enterprises remain the anchor of the sector’s expansion. They currently account for nearly 70% of all flex seat take-up, a trend that has remained strong through 2024 and 2025. Annual enterprise seat absorption has averaged almost 160,000 seats in these two years, and is expected to grow by around 25% to roughly 200,000 seats per year through 2027.
Technology and BFSI companies continue to dominate demand, contributing around 60% of enterprise seat activity in 2025. But a diversification trend is emerging: engineering, manufacturing, and consulting firms are poised to increase their share, each expected to account for 10–15% of enterprise seat uptake in the coming years.
Global Capability Centers (GCCs) are becoming a structural force in the flex market, too. They are increasingly leaning toward long-term managed workspace agreements and customized solutions — preferences that align strongly with flex operator offerings.
In 2025, GCCs represent about 40–45% of enterprise seat take-up. As many continue expanding and broadening their India operations, that share is projected to climb to approximately 50% over the next two years. Their rising appetite for scalable, high-quality workspace solutions is expected to be one of the biggest catalysts for flex market growth.
