Flex Spaces on the Rise: Over 80% of Occupiers Plan to Expand Through Flexible Workspaces
The Colliers report highlights the growing trend of flex spaces in India, with over 80% of occupiers planning to expand their office portfolio through flexible workspaces in the next few years.
Flex SpacesReal EstateOffice MarketIndiaColliers IndiaReal Estate NewsSep 08, 2024
The growth in flex space endorsement is expected to be highest amongst multi-national companies (MNCs), with an anticipated 3-4X times rise from current levels by 2030.
With a significant rise in share of flex spaces in Grade A office space demand and changing occupier preferences, flex spaces have solidified their position in the India office market. As occupiers disclose their future portfolio expansion plans, the survey trends in the report are indicative of a high growth trajectory for flex spaces in India in the coming years.
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Frequently Asked Questions
What percentage of occupiers plan to expand their office portfolio through flex spaces in the next few years?
Over 80%
Which sector is expected to see the highest growth in flex space endorsement?
Multi-national companies (MNCs)
What is the expected rise in flex space endorsement amongst MNCs by 2030?
3-4X times
What percentage of occupiers are likely to have a flex share of 20% or more in their office portfolio over the course of next 3-5 years?
60%
What is the average commitment period for flex spaces expected to reach in the next few years?
Close to 3 years
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