Large companies now account for 72% of flexible workspace usage in India, according to Knight Frank. SMEs make up 18% and startups just 10%, marking a clear move away from the sector’s early startup base.
Flexible offices are now being used by multinationals and large Indian firms as a standard part of their real estate strategy, not a temporary option.
Flexible workspace transactions grew from 2.2 million square feet in 2017 to 18.6 million in 2025—an 8.4x increase. Over the same period, flex space’s share of total office leasing rose from 5% to 21%.
This growth has made flex space a core part of India’s office market.
Multinationals and GCCs drive usage
Multinational companies account for 81% of enterprise flex demand. Much of this is tied to Global Capability Centers (GCCs), which make up 52% of total flex seat demand.
These centers support global operations and allow companies to scale teams quickly without long-term leases. Third-party IT firms account for 26% of demand, while India-focused companies make up 22%.
Tech leads demand
The technology sector accounts for 43% of flex seats, followed by banking and financial services at 25%, and other service sectors at 24%.
What it means
Flexible workspaces are now used for expansion, project teams, and satellite offices across major cities. For large companies, they offer speed and flexibility. For the office market, they are now a permanent and growing category.
