India’s flex office space market has been on the rise as corporate adoption increases, finds the Flex Office Market in India 2025 Report by myHQ by Anarock. Flexible workspaces now account for nearly one-fifth of the country’s commercial leasing activity, with corporate and start-up adoption reaching near parity. The IT/ITeS sector leads demand at over 40%, while BFSI has grown from 4.5% in 2023 to 10% in 2025.
Average corporate deal sizes have risen from 25 seats in 2023 to 53 in 2025, while start-ups have reduced average seats from 22 to 10. Corporates and MNCs together account for 36.3% of flex workspace adoption, almost matching start-ups at 37.5%. Enterprise clients now represent 54.1% of the market by value, benefiting from higher ticket sizes and Grade A asset preferences.
City-wise trends
Bengaluru holds 31% of India’s flex office stock, concentrated in ORR and Whitefield for enterprise clients, HSR and Koramangala for start-ups, and Central Bengaluru for premium occupiers. Hyderabad, Pune, and Mumbai each account for 12% of stock.
NCR contributes 26%, with Gurugram at 10%, and Noida and Delhi at 8% each. Chennai has 7% of national stock. Corporate demand spans CBD corridors and suburban clusters, while hub-and-spoke models support expansion into tier-2 cities.
Demand drivers
The report projects enterprise clients will account for 54.1% of flex demand within 2–3 years. Growth is expected from India’s Global Capability Centres, with 120 new centres and 40,000 jobs projected by 2026. Early adoption is also emerging in Life Sciences, Manufacturing, and Logistics sectors, where modest shifts could generate millions of square feet in demand.
Utkarsh Kawatra, CEO and Co-Founder of myHQ by Anarock, said, “Corporate deal sizes have risen as organisations place greater value on speed, flexibility, and scalability. Flex is redefining the future of work in India, driving cost efficiency, resilience, innovation, and inclusivity.”
myHQ by Anarock, founded in 2016 by Utkarsh Kawatra and Vinayak Agrawal, connects over 5,000 landlords and 3,000 partner spaces across more than ten cities. The platform manages over 15 lakh sq ft of workspace and serves 2,000 enterprise customers, with plans to expand into tier-2 and tier-3 cities.
