CommercialLatest Stories

India’s Flexible Office Space Market Set for Major Growth

NEW DELHI: Publicly listed flexible office space operators are poised to account for nearly half of India’s flexible office market, projected to reach 100 million sq ft by year-end. Currently, four operators have gone public, with at least three more IPOs anticipated in this sector. According to the investors’ presentation from Smartworks, Awfis, WeWork, and Indiqube—all listed companies—these firms collectively manage over 30 million sq ft of operational space. Smartworks, boasting 9.2 million sq ft of operational area as of December 2025, is expected to be the first flexible workspace provider to exceed 10 million sq ft by March 2026,…

CommercialLatest Stories

India’s Office Market Sees 61M sq ft Net Absorption in 2025

NEW DELHI: India’s office market achieved its best performance ever in 2025, with net absorption reaching 61.4 million sq ft, a 25% increase compared to the previous year, according to a report by Cushman & Wakefield. Bengaluru topped the absorption figures at 14.4 million sq ft, representing 23% of total demand. Delhi NCR followed with 10.9 million sq ft (18%). Other cities, such as Mumbai (9.6 million sq ft), Hyderabad (9.1 million sq ft), Pune (8.2 million sq ft), and Chennai (7.0 million sq ft), also showed robust leasing activity. Kolkata and Ahmedabad recorded net absorptions of 1.4 million sq…