Tag: India flexible workspace market

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Crisil Forecasts 16-18% Growth in Flexible Workspace by FY28

NEW DELHI: India’s flexible workspace sector is projected to see a capacity increase of 16-18% in FY27 and FY28, reaching 140-145 million sq ft, as reported by Crisil Ratings. This segment has experienced significant growth over the past three financial years (FY24-FY26), fueled by rising demand from small to mid-sized global capability centers (GCCs), domestic companies, and startups. The market share of flexible workspace operators in net absorption rose from 14-15% in FY24 to around 20% in FY26, with expectations to hit 25% in the next two fiscal years. The report estimates that operators will add 15-20 million sq ft…

CommercialLatest Stories

Flexible Workspace Stock to Exceed 100M Sq Ft by 2027

Representative AI image NEW DELHI: India’s flexible workspace market is poised for significant growth over the next two to three years. Flex office space across the top seven cities is expected to exceed 100 million sq ft by 2027, rising from 72.3 million sq ft in 2025, as reported by Colliers India. As operators continue to expand, the percentage of flex space in the overall office market is projected to increase from 8.5% in 2025 to 10.5% by 2027. This growth will be fueled by rising enterprise demand, with the average annual seat uptake anticipated to grow by 25% to…