Over 80 per cent occupiers plan to expand through flex spaces in the next 3-5 years: Colliers Report

Bengaluru (Karnataka) [India], September 9: Reimagination of workplace, changing perceptions and enterprise-level offerings have been driving heightened flex adoption in recent years. These sentiments are echoed in our latest survey-based report Flex Spaces: Reshaping the New-Age India Office Market. The report highlights that over 80 per cent occupiers prefer to expand their office portfolio through flex spaces in the next few years. Interestingly, large corporates have also been increasingly embedding flex space as a part of their real estate footprint. This trend of higher flex space adoption is mainly led by its inherent advantage of adding flexibility to real estate portfolio while providing sufficient wiggle room to manage costs. Benefits relating to enhanced productivity, spaces replete with tech & security features and sustainability only strengthens its business case. The growth in flex space endorsement is expected to be highest amongst multi-national companies (MNCs),