During the quarter ending March 2026, major flexible workspace operators in India, including Smartworks and WeWork, secured nearly 2 million sq ft of office space, indicating a robust demand for flexible work environments. Smartworks leased approximately 900,000 sq ft across Gurgaon and Bengaluru, while WeWork signed leases totaling 575,000 sq ft in cities such as Mumbai, Chennai, and Hyderabad. The Executive Centre and Table Space also contributed significantly with leases of 200,000 sq ft and 100,000 sq ft, respectively. This trend highlights a structural shift in corporate real estate strategies, with 71% of enterprises prioritizing cost efficiency in their workspace decisions. Flexible workspaces are now accounting for over 20% of total office absorption, particularly driven by global capability centres (GCCs) and technology firms. The flexible workspace sector in India has surpassed 100 million sq ft and is expected to achieve a valuation of $9-10 billion by 2028, as operators focus on profitability amid rising enterprise demand. The significant increase in average deal sizes, from 25 seats in 2023 to 53 seats in 2025, further underscores the growing confidence in flexible workspaces as a core real estate strategy.