Hyd stands 4th In Gross Leasing Volume Of Flexible Workspace

Hyderabad: Among India’s top flexible workspace markets, flexible workspace operators in Hyderabad registered gross leasing volume (GLV) of 1.6 million sft (msf) in 2024. Bengaluru led with 3.4 MSF of leasing volume, while Mumbai recorded a three times y-o-y growth in GLV, reaching 1.9 MSF. Delhi NCR at 2.3 MSF GLV, also emerged as strong flexible workspace hub.

The surging demand for agile, new age and cost-effective office solutions across key cities has led India’s flexible workspace sector experience a robust growth, an all-time high gross leasing volume (GLV) of 12.4 million sft (msf) in 2024, according to Cushman & Wakefield’s office data. Flexible workspace sector’s gross leasing volume now accounts for 14 per cent of India’s total office leasing, which stands at 89 MSF.

With new companies (GCCs) entering the country and existing companies prioritizing operational flexibility, cost efficiency and end-to-end customization, demand for agile, dynamic, managed office solutions continues to surge.