• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Flexible Workspace Sector In India Reaches All-Time High Gross Leasing Volume

OMMCOM NEWS by OMMCOM NEWS
February 17, 2025
in Nation, Science & Tech

New Delhi: India’s flexible workspace sector registered an all-time high gross leasing volume (GLV) of 12.4 million square feet (MSF) in 2024, a report showed on Monday.

This marks a 57.5 per cent year-on-year growth, reflecting the surging demand for agile, new age and cost-effective office solutions across key cities, according to Cushman & Wakefield’s office data.

Flexible workspace sector includes business centres, coworking centres and managed offices.

Flexible workspace sector’s gross leasing volume now accounts for 14 per cent of India’s total office leasing (89 MSF), underscoring its growing significance in the commercial real estate landscape.

Among India’s top flexible workspace markets, Bengaluru led with 3.4 MSF of leasing volume, nearly doubling its previous year’s tally.

Mumbai, meanwhile, recorded a 3 times growth in GLV, reaching 1.9 MSF, a testament to rising demand in India’s financial capital.

Delhi NCR at 2.3 MSF GLV, Hyderabad at 1.6 MSF GLV, and Pune at 1.6 MSF GLV, also emerged as strong flexible workspace hubs, said the report.

With new companies (GCCs) entering the country and existing companies prioritising operational flexibility, cost efficiency and end-to-end customisation, demand for agile, dynamic, managed office solutions continues to surge, said Ramita Arora, Managing Director Bengaluru and Head – Flex, India, Cushman & Wakefield.

According to the data, 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.

Around 224,000 seats were leased in 2024 by end occupiers from flexible workspace operators, a 44 per cent increase over 2023 (156,000 seats).

In terms of cities, Bengaluru again dominated with a 29 per cent share (64,000 seats) in total seats leased in the year and maintained its status as India’s leading flexible workspace market.

Bengaluru was followed by Pune (39,000 seats) Delhi NCR (38,000 seats) and Mumbai (28,000 seats) with shares of 18 per cent, 17 per cent and 12 per cent, respectively in total seats leased.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Senior Seoul Trade Official Departs For US To Discuss Trump Tariffs

Next Post

Odisha To Appoint 5248 MBBS Doctors, 126 Dentists: Health Minister

Related Posts

Nation

Blackout In Rajasthan: Vehicles Stop; Bees Attack Officers During Mock Drill In Jhalawar

June 1, 2025
Nation

Cong Govt Will Be Responsible If Situation Gets Out Of Control: K’taka BJP On Unrest In Coastal Region

May 31, 2025
Nation

Indian Soil, Pakistan’s Plot: CRPF ASI’s Arrest Triggers Massive NIA Crackdown In 8 States

May 31, 2025
Nation

If Rahul Gandhi Contests Elections From Pak, He Will Win With A Thumping Majority: Acharya Pramod Krishnam

May 31, 2025
Nation

Northeast: 27 Dead As Rains, Floods & Waterlogging Disrupt Life

May 31, 2025
Suvendu Adhikari
Nation

Suvendu Adhikari Writes To Rly Minister Alleging Unlawful Action By Kolkata Police On Station Premises

May 31, 2025
Next Post

Odisha To Appoint 5248 MBBS Doctors, 126 Dentists: Health Minister

Pariksha Pe Charcha: Mary Kom, Avani, Suhas Share Insights On Discipline & Focus With Students

Delhi Police Deploy Six Officers At NDLS For Crowd Management

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.