Absorption of flex spaces by enterprises expected to reach a record high in 2024

Absorption of flexible workspaces by enterprises is expected to peak in 2024 with 106,554 seats already leased in the first half, compared to 155,000 in 2023. Flexible workspaces now make up 7-8% of India's Grade A office supply. This trend is particularly strong in Tier II and III cities, driven by workforce decentralization.
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