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.

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.

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.

Table Space Technologies leased over 100,000 square feet at Cafe Coffee Day Square in Bengaluru to expand, highlighting India's growing need for flexible offices. Once Cafe Coffee Day's corporate headquarters and flagship shop.

Incuspaze has leased a total of 9.7 lakh square feet of office space in Noida and Gurugram to accommodate the growing demand for flexible workspaces from corporations.