India Inc more than doubled its average flex seat requests — to 53 this year from 25 in 2023 — reflecting a 46% increase compounded annually over the two-year period, according to myHQ, a commercial real estate transactions platform backed by property consultancy Anarock.
Startups, meanwhile, are prioritising leaner, cost-efficient setups, with average seat sizes more than halving to 10 from 22 in the same period, reflecting a shift toward agility and smarter resource allocation.
“India is at the forefront of the flex movement worldwide, setting new benchmarks for scale, innovation, and now institutional investment as well,” said Anuj Puri, group chairman, Anarock. “With five operators already publicly listed and more preparing to enter the market, flex is experiencing an unprecedented wave of investment that is transforming commercial real estate.”
The sector now includes over 1,500 unique brands, with more than 50 operators running ten or more centres. By 2030, India's commercial real estate market is projected to reach $120 billion with flex spaces alone touching $10 billion.
“Startups were the pioneers that made flexible workspaces aspirational in India; however, today enterprises are cementing their indispensability,” said Utkarsh Kawatra, co-founder and CEO, myHQ. “Flexible solutions currently account for 20% of all office transactions, and by 2030, their market penetration is set to reach around 30% — meaning one in three offices will operate within a flex space.”
Commercial real estate absorption trends show that the IT/ITeS sector contributes 25–30% of overall leasing demand. When focusing exclusively on end-user demand by excluding absorption from flexible workspace operators, the IT/ITeS sector's share rises to around 35%.
However, in the flexible workspace segment, IT/ITeS clients represent more than 40% of total demand — about 15% higher than their share in traditional commercial leasing. This robust presence reflects the expanding role of flexible workspaces as a preferred choice for the IT/ITeS sector.
India's global capability centre (GCC) base is projected to reach 2,400–2,550 by 2030, with a $110 billion market size. Mid-market GCCs are expanding at a 6.2% compounded annually versus 4.5% overall, adding 120 new centres and 40,000 jobs by 2026, while state policies in Gujarat, Madhya Pradesh, and Karnataka are driving additional expansion and potential flex demand.
Between 2023 and 2025, the Banking, Financial Services, and Insurance (BFSI) sector’s office space requirement has expanded significantly with flex demand more than doubling to 10% from 4.5%.
Startups, meanwhile, are prioritising leaner, cost-efficient setups, with average seat sizes more than halving to 10 from 22 in the same period, reflecting a shift toward agility and smarter resource allocation.
“India is at the forefront of the flex movement worldwide, setting new benchmarks for scale, innovation, and now institutional investment as well,” said Anuj Puri, group chairman, Anarock. “With five operators already publicly listed and more preparing to enter the market, flex is experiencing an unprecedented wave of investment that is transforming commercial real estate.”
The sector now includes over 1,500 unique brands, with more than 50 operators running ten or more centres. By 2030, India's commercial real estate market is projected to reach $120 billion with flex spaces alone touching $10 billion.
“Startups were the pioneers that made flexible workspaces aspirational in India; however, today enterprises are cementing their indispensability,” said Utkarsh Kawatra, co-founder and CEO, myHQ. “Flexible solutions currently account for 20% of all office transactions, and by 2030, their market penetration is set to reach around 30% — meaning one in three offices will operate within a flex space.”
Commercial real estate absorption trends show that the IT/ITeS sector contributes 25–30% of overall leasing demand. When focusing exclusively on end-user demand by excluding absorption from flexible workspace operators, the IT/ITeS sector's share rises to around 35%.
However, in the flexible workspace segment, IT/ITeS clients represent more than 40% of total demand — about 15% higher than their share in traditional commercial leasing. This robust presence reflects the expanding role of flexible workspaces as a preferred choice for the IT/ITeS sector.
India's global capability centre (GCC) base is projected to reach 2,400–2,550 by 2030, with a $110 billion market size. Mid-market GCCs are expanding at a 6.2% compounded annually versus 4.5% overall, adding 120 new centres and 40,000 jobs by 2026, while state policies in Gujarat, Madhya Pradesh, and Karnataka are driving additional expansion and potential flex demand.
Between 2023 and 2025, the Banking, Financial Services, and Insurance (BFSI) sector’s office space requirement has expanded significantly with flex demand more than doubling to 10% from 4.5%.
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