Summary:
Bangalore has the most flexible office space in the Asia-Pacific (APAC) region, with 15.5 million square feet, outperforming cities like Shanghai, Seoul, and Tokyo. As of June 2024, Delhi NCR ranks second with 10.7 million square feet. Indian cities are driving APAC's flexible office expansion, fueled by increased demand for managed solutions.
Mr. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, highlighted that Indian cities are leading the expansion of flexible office spaces due to rising demand for managed solutions. Delhi NCR experienced the highest growth, with a 26% increase in flexible office space during CY23. Hyderabad and Mumbai also ranked among the top ten. As of June 2024, APAC's flexible office space stock reached 89 million square feet, reflecting a 3.9% increase from CY23, with a focus on sustainability and expanding business models.
Source: IBEF
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