What's Fueling The Flex Market | Expansion, Investments, & Growth
India's Office Market Hits Record High in 2024
According to Vestian 's latest report, India's office real estate sector saw an unprecedented surge in 2024, with 515 lakh sq ft of new office spaces added across seven major cities. Despite economic uncertainties, demand for Grade-A office spaces remained robust, driving a 7% rise in construction activity over the previous year.
Hyderabad led the supply boom, followed by Bengaluru. Vacancy rates slightly improved, dipping from 13.98% in 2023 to 13.91% in 2024, while rental prices climbed between 3.8% and 8.2% across key markets. Southern cities—Bengaluru, Chennai, and Hyderabad—accounted for 57% of total office space absorption. Meanwhile, Mumbai saw a remarkable 170% increase in new completions, while Kolkata recorded none.
India Drives APAC Office Demand Surge, Market Poised for Growth in 2025
According to Colliers , India’s office market led a 16% surge in demand across APAC’s top 11 markets, with leasing activity reaching 94.7 million sq ft in 2024. India, Mainland China, and Japan accounted for over 90% of the total demand, with India alone leasing 37 million sq ft in the second half.
Despite global challenges, India contributed 60% of the new APAC office supply, recording a 7% year-over-year growth. Bengaluru and Hyderabad dominated the Grade-A space uptake, while flex operators and tech firms drove 46% of leasing in significant cities. With strong corporate expansion and the return-to-office trend, the APAC office market is expected to maintain momentum in 2025, supported by stable economic growth and increasing demand for premium workspaces.
Nikhil Kamath’s Office Redefines Workspace Aesthetics
Zerodha co-founder Nikhil Kamath has crafted an office that blends traditional Indian aesthetics with modern design, moving away from the conventional minimalist corporate look. Designed by House of Three, the space features handcrafted furniture, intricate Indian art, and natural elements, creating a rich, earthy ambience.
Warm beiges, deep browns, and lush greens dominate the space, complementing handwoven textiles and biophilic elements. The office, resembling a heritage lounge, incorporates wooden accents and curated artefacts that reflect Indian heritage while maintaining a contemporary feel. As Indian entrepreneurs seek more personalised workspaces, Kamath’s office may inspire a shift toward cultural and design-driven office environments.
Weekly Digest from insights.qdesq.com
Business registration is evolving, and virtual offices are leading the way. Bangalore’s entrepreneurs streamline operations, while Chennai’s startups embrace flexibility without physical office constraints.
Discover how virtual offices simplify compliance, reduce costs, and offer legitimacy for businesses in these cities.
Stay ahead — read more!
CRE 101 | Understand Key Term
Hybrid HQ Model
The Hybrid HQ Model is a modern workspace strategy that blends a central headquarters with remote and flexible work setups. Instead of requiring all employees to work from a single office, companies use a mix of coworking spaces, virtual offices, and home-based work. This approach reduces costs, improves employee flexibility, and enhances productivity.
Businesses adopting this model create a dynamic work environment where teams collaborate in person when needed while leveraging remote setups for efficiency. It’s a scalable, cost-effective solution that supports both corporate goals and employee preferences in today’s evolving work landscape.
For more information, visit Forbes
Most In-Demand Locations This Week
Metro City : Gurgaon
Micro-market : Udhyog Vihar?
Non-Metro City : Jaipur
Micro-market : Vaishali Nagar