Industry Reports
Discover additional insights into our vision and the initiatives we are undertaking to enhance the global coworking experience.
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India Flex Market Pricing ReportNEW
Key Insights
- Indian companies consistently pay more for national flex brands even when the space and location are identical to cheaper alternatives.
- Longer lock-in periods translate directly into lower per-seat costs, and most companies are leaving significant savings on the table.
- Volume discounts in flex are real but they only kick in once your team crosses a certain size threshold.
- Startups, MSMEs, and enterprises all expand their flex footprint at different speeds and for completely different reasons.

India Flex Office Operators Report Q4 FY'26
Key Insights
- India's flex office sector closes FY26 at its strongest commercial footing yet — the quarter confirmed not just growth momentum but structural maturity, with the sector's narrative decisively shifting from scale to sustained profitability
- 73% of India's office searches now target flex, with coworking generating nearly 5x the search volume of traditional leasing; meeting-room searches are up 187% over three years, pointing to sustained demand broadening beyond just seats
- IndiQube's value-added services share hits 19.2%, the highest among all listed operators, up 600 bps QoQ — non-desk revenue is becoming a structural margin lever across the sector
- Crisil rates the sector investment-grade for the first time, projecting 140–145 MSF capacity by FY28 — a credibility milestone that marks flex as an established asset class, no longer speculative infrastructure
- AI tenants and WFH policy tailwinds define the FY27 demand picture — WeWork India's shareholder letter projects 1 in 3 flex seats will be AI-focused by 2030, while the government's push toward hybrid and remote working creates a direct structural tailwind for flex and managed office demand

How India Searches for its Office Needs
Key Insights
- 73% of office searches are now for flexible workspaces — coworking gets 5× more searches than traditional offices
- Search intent has shifted from "office space" to specific use cases — meeting rooms (+187%), virtual offices (+99%), and day passes now drive 90% of coworking demand
- Post-COVID, demand has permanently reset — coworking searches are 88% above pre-pandemic levels and still climbing
- 7 of the 10 most-searched office parks are green certified — sustainability is now a default filter, not a premium add-on
- India's flex office demand is going global — searches from the USA, UK, and UAE lead international interest, driven by GCC expansions and NRI registrations
Previous Releases

India Flex Office Operators Report Q3 FY'26
Key Takeaways
- India crosses 100 MSF of flex stock — the sector enters a new phase of profitability-led growth
- Multiple listed operators turned profitable in the same quarter for the first time ever
- GCCs now account for close to 40% of new flex seats, with average deal sizes doubling since 2023
- 3 of 4 listed operators expanded EBITDA margins year-on-year — the sector's most broad-based profitability shift to date
- AI startups emerging as the fastest-growing new tenant cohort alongside enterprise scale-up

India Flex Pulse Report 2025
Demand drivers & coverage insights
- Bangalore dominates India's flex footprint with 31% share of the overall market
- 45.6% CAGR in Indian Corporate Flex Seats Requirement nearly doubling their contribution since 2023
- IT/ITeS drives 45% of the demand in Flex compared to 30% in traditional leasing
- BFSI has shown 2X growth in flex adoption in just 2 years
- 35% of Occupancy is now Corporates, second only to startups

Navigating Flex- Indian Coworking Market Analysis in 2025
Efficiency, productivity & coverage
Factors such as the post-pandemic mindset shift, technological advancements, and the rise of flexible working are prompting businesses to reassess their workspace strategies. Consequently, flexibility has emerged as a significant component of companies' real estate portfolios, driving a rapid increase in demand for flexible office spaces that can adapt to evolving needs. With this shift, the future of coworking in India presents promising opportunities for both tenants and investors.