India's flex space industry expanded to 58 million sq ft in major cities, accounting for 7-8% of Grade A office supply by H1 2024.

India's flex space industry has surged, with a footprint of 58 million sq ft in major cities, representing 7-8% of Grade A office supply as of H1 2024. Driven by Managed Office Solutions (MOS), the IT sector leads in seat absorption, followed by Engineering and BFSI. Over 80% of occupiers plan to expand flex space usage in the next 3-5 years, with multinational companies expected to lead growth significantly by 2030. Flex spaces are increasingly central to corporate operations.

September 09, 2024
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