Flex office stock crosses 100 mn sft; triples since 2020: CBRE-FICCI

NEW DELHI: India’s flexible workspace sector has crossed a major milestone, with total stock surpassing 100 million sq. ft. and expanding threefold since 2020 to reach 110–114 million sq. ft. in 2025, according to a joint report by CBRE South Asia Private Limited and FICCI.

The report, titled ‘Flex-plosion’: India’s Flexible Workspaces Era, was released at the India Flexible Workspace Summit 2026 held in Mumbai. It highlighted that flexible office inventory in the country has grown at a strong compound annual growth rate (CAGR) of 23–25 per cent over the past five years, making India one of the fastest-growing flexible workspace markets globally.

With over 500 operators and nearly 2,600 centres nationwide, the sector is witnessing rapid institutionalisation and scaling, driven by cost advantages and evolving workplace strategies.

Anshuman Magazine, Chairman and CEO (India, South-East Asia, Middle East and Africa) at CBRE, said flexible workspaces have transitioned from being a supplementary offering to a core component of corporate real estate strategies. He noted that enterprises are increasingly integrating flex spaces into long-term portfolio planning, with demand now closely aligned to workforce strategies and geographic flexibility.

City-wise Growth and Demand Trends

Bengaluru remains the largest flexible workspace market in the country, with a stock of 30–32 million sq. ft., followed by Delhi-NCR at 21–23 million sq. ft. and Pune at 13.6–14.6 million sq. ft. Other key markets include Hyderabad, Mumbai, Chennai, and Kolkata.