IndiQube Spaces has announced a significant workspace agreement worth ₹52 crore (approximately $6.3 million USD) with a leading Japanese e-commerce giant for 35,000 square feet in Bengaluru's Outer Ring Road. This five-year deal is part of a broader trend in India's flex office market, which has now surpassed 100 million square feet, as companies increasingly adopt managed workspaces for operational flexibility and expansion. Bengaluru remains a central player in this growth, bolstered by its technology talent and robust business infrastructure. The Outer Ring Road is particularly favored by global firms due to its concentration of tech campuses and access to skilled professionals. For IndiQube, this transaction enhances its reputation as a preferred partner for Global Capability Centers (GCCs), which make up over 40% of its portfolio. As of December 2025, IndiQube has a presence in 17 cities with over 9.55 million square feet under management. Following the announcement, IndiQube's stock rose by 3.25%, closing at ₹155.50 on the Bombay Stock Exchange (BSE).