New Delhi, March 24 (NationPress) The inventory of flexible office spaces in India has soared to approximately 110–114 million square feet, reflecting a remarkable tripling from 2020 to 2025, according to a report released on Tuesday.

This growth has been characterized by a compound annual growth rate (CAGR) of 23-25 percent over the last five years, as highlighted in the report by CBRE, a real estate consultancy, in collaboration with FICCI.

By 2025, the demand for flexible spaces was predominantly driven by sectors such as IT, technology, and software development, which collectively constituted 27-32 percent of the total deal volume. Other notable contributors included BFSI and E&M, each with 9-14 percent, alongside business consulting and professional services, which made up 7-12 percent.

Moreover, global firms accounted for an impressive 55-60 percent of the demand, while domestic companies represented the remaining 40-45 percent.

According to the report, India has emerged as one of the fastest-growing markets for flexible workspaces globally, distinguished by its unparalleled scale, cost efficiency, and advancing institutional maturity.

Currently, the country hosts over 500 flexible workspace operators across approximately 2,600 locations. As of March 20, 2026, the total market capitalization of publicly listed flex players in India was around $2-2.2 billion, as noted in the report.

CBRE's Chairman and CEO for India, Southeast Asia, the Middle East, and Africa, Anshuman Magazine, stated, "Flex has become a fundamental aspect of how leading Indian companies strategize and manage their real estate portfolios. Businesses have evolved from merely exploring flexible options to integrating them into long-term portfolio strategies, influenced by workforce requirements and geographical flexibility. We anticipate that this integration will intensify through 2026."

Bengaluru stands as India's largest flexible workspace market, boasting 30-32 million square feet of inventory, predominantly occupied by firms from the IT, technology, and software development sectors, as well as BFSI and business consulting.

Delhi-NCR ranks second with 21-23 million square feet, followed by Pune at 13.6-14.6 million square feet.

The report anticipates that the involvement of institutional and public capital will steer the growth of flexible workspaces towards more disciplined, network-oriented expansion, thereby enhancing the sector's long-term stability and reinforcing its significance in India's office market.

Furthermore, the uptake of flexible workspaces by Global Capability Centres (GCCs) is expected to strengthen in the medium term, driven by operational models that prioritize speed, scalability, and standardized workplace environments, as forecasted.

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