India Remains Fastest Growing Flex Market In APAC
India’s flex space stock is likely to touch 80 mn sq ft by 2026, forming 9-10% of the total Grade A office stock of the country, according to Colliers’ latest report. India’s flex space market has grown stronger and bigger post pandemic, faster than its peers in the APAC region. Flex space stock across the top 6 cities has almost doubled since 2019, and currently stands at 43.5 mn sq ft, an impressive 6.3% of the total Grade A office stock. This is relatively higher compared to 3-4% flex space market penetration in other key markets within APAC. Indian office market clearly indicates a higher affinitity for shared work spaces. A positive economic outlook, evolving workplace trends, increasing diversification of occupier-base will continue to drive flex space demand across the top markets in the country.
Tags : India’s flex space stock post pandemic economic outlook evolving workplace trends increasing diversification occupier-base