Flex space stock across the top six cities has almost doubled since 2019, and is currently at 43.5 mn sq ft, comprising 6.3% of the total Grade A office stock. India s flex space market has outpaced peers in the Asia Pacific region as it grew stronger and bigger post pandemic amid evolving workplace trends, increasing diversification of occupier-base and realignment of real estate portfolio by corporates.
Punes flex space stock is expected to cross 8 million sq feet by 2025, driven by demand from technology and other mainstream sectors, accounting for 10% of the total office stock of the city, according to Colliers latest report ‘Pune – Tech-tonic shift to flex.