Awfis Space Solutions is scaling up in tier-II cities as demand for shared offices surges post-pandemic, driven by ecommerce, IT services, and global capability centers.

Real estate developers and co-working firms are set to launch IPOs in 2025, driven by strong post-pandemic growth and rising investor confidence in residential, commercial, and flexible workspace markets.

India’s flex space market is booming, driven by rising demand, office supply shortages, and hybrid work trends. Developers and brokers can leverage pre-leasing to secure prime locations and meet evolving client needs.

India’s flex space market is booming, with pre-leasing surging as office supply falls short in metro cities, driving demand for flexible, ready-to-move solutions.

Incuspaze is gearing up for a public listing with a $25M pre-IPO round and plans to invest ₹100 crore to expand across Delhi-NCR, Pune, Bengaluru, and Hyderabad, capitalizing on India’s booming demand for flex spaces.

Indian office property net absorption is rising due to global capability centres (GCCs) and flexible spaces. India's status as a business centre is strengthened by global and local firms' rapid development.

To expand, flexibility provider Incuspaze leased 325,000 sq ft of office space at QUBE Software Park in Bengaluru. Previously leased 156,000 sq ft in Whitefield, this demonstrates the company's aggressive growth ambition. INCUSpaze is expanding into Bengaluru's IT industry.

Company demand for flexible workspaces will peak in 2024. In the first half of 2023, 106,554 seats have been rented, compared to 155,000 for the year. Leasing is growing rapidly due to economic development, changing work dynamics, and the necessity for cost management.

A senior official at Bhive Workspaces, a top provider of managed office spaces, has announced plans for an IPO valued over ₹800 crore in the coming year. Before the IPO, Bhive wants to diversify its portfolio by lowering its 95% reliance on Bengaluru.

WeWork India leased 140,000 square feet of office space in Bengaluru and Noida to accommodate flexible workspace demand. Their portfolio will grow by 2,400 seats with these additional offices opening between September and October.

Google leased 649,000 sq ft of office space in Alembic City in Whitefield, Bengaluru. Sources report a monthly fee of ₹62 per sq ft with a three-year lock-in term. Google has been proactively purchasing conventional and flexible office premises in key Indian cities to expand its footprint.

Microsoft Corporation purchased a 48-acre land tract in Ranga Reddy, Hyderabad, for Rs 267 crore to expand its data centre footprint. The Sai Balaji Developers-facilitated, Propstack-documented purchase is a major regional investment.

According to a report by the Confederation of Indian Industry (CII) and Knight Frank, Global Capability Centres (GCCs), flexible and co-working spaces, and the IT sector will drive office space demand in India to 1.7 billion square feet by 2030.

Flexible space operators became the second-largest office leasing industry in the January to March quarter of 2024, a major change. To suit worldwide corporate needs, the sector's growth has increased.

Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.