India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024. As many as 224,000 flex seats were leased in 2024, up 44 percent from 2023, with Bengaluru leading at 29 percent of total seat share. IT-BPM sector (48 percent) led the flex seat leasing, followed by engineering & manufacturing (17 percent) Experts said that evolving business priorities, the need for flexibility, the shift toward hybrid work models and strong enterprise demand for managed office solutions fuelled historic highs in flex seats leased. The flexible workspace demand is expected to maintain its strong growth trajectory in 2025 and beyond. This will further drive uptake in Grade A/A+ assets across major cities by leading managed space operators, experts said. The report was released on February 17, by Cushman and Wakefield, an international real estate firm based in New York, London and Mumbai. It was released to mark the 10th anniversary of the launch of the Flex, India report.
