Moneycontrol.com-India’s flexible workspace sector achieves record 12.4 msf of gross leasing volume in 2024
Office leasing in India by flexible workspace providers has gone up by 57.7 percent as gross leasing volume (GLV) of the sector hit record 12.4 million square feet (msf) in 2024, accounting for 14 percent of total office leasing (89 msf), according to a report by Cushman and Wakefield.
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 YoY growth in GLV, reaching 1.9 msf. 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, the report, which was released on February 17, said.
