Flexible workspace expected to rise from 42-58% by 2026: CBRE report

The survey also showed a trend towards diversification in the office sector, with a preference for expanding portfolios across multiple cities

A recent report, “2024 India Office Occupier Survey,”  has highlighted the number of companies utilising over 10 per cent of their office portfolio as flexible workspace is expected to rise significantly from 42 per cent in Q1 of 2024 to 58 per cent by 2026.

As per CBRE’s survey, given the increasing demand, flexible space stock will reach 80 million square feet by the end of 2024. In response to the growing workforce, occupiers are likely to expand into more office locations, potentially decentralising offices through a mix of traditional and flexible spaces.

Source: HR Katha

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