India’s flexible workspace sector continued its strong growth trajectory during the first half of 2026, as coworking operators leased a record 8.6 million square feet of office space across the country’s seven major cities, according to a report by Colliers India. The surge in leasing activity reflects the increasing adoption of flexible office solutions by corporates, startups, Global Capability Centres (GCCs), and enterprises seeking agile workplace strategies.
The latest Colliers India report revealed that coworking operators increased their office space leasing by 32 percent during January-June 2026, compared with 6.5 million square feet leased during the corresponding period last year. Consequently, flexible workspace providers accounted for a record share of commercial office leasing activity during the first six months of the year.
Meanwhile, the overall office market also maintained positive momentum. Gross office leasing across the seven major cities reached 35.7 million square feet during January-June 2026, registering a 6 percent increase over 33.7 million square feet recorded during the same period in the previous year.
Moreover, coworking operators accounted for 24 per cent of the total gross office leasing during the first half of the calendar year, underlining the growing importance of flexible workspaces in India’s commercial real estate market.
Among the seven major office markets, Bengaluru, Delhi NCR, and Hyderabad emerged as the leading destinations for coworking expansion. Together, these three cities contributed nearly two-thirds of the total office space leased by coworking operators during the first half of 2026, driven by robust demand from technology firms, startups, GCCs, and multinational corporations.
Typically, coworking companies lease large office spaces from commercial property owners before developing fully managed workspaces that they subsequently sublease to businesses of all sizes. These operators generally charge clients on a per-desk basis, with pricing ranging from Rs 5,000 to Rs 50,000 per workstation per month, depending on the location, amenities, and workspace configuration.
India’s listed coworking companies, including WeWork India, Smartworks, Awfis, and IndiQube, continue to expand their presence to capitalize on rising demand for managed office spaces. At the same time, several established players, such as The Executive Centre, Incuspaze, Simpliwork Offices, COWRKS, Table Space, Urban Vault, 91Springboard, Innov8, Spring House Workspaces, BHIVE Workspace, and The Office Pass, are also strengthening their footprints across key commercial markets.
Commenting on the report, Manas Mehrotra, Founder of 315Work Avenue, said, “As players in the flexible workspace sector continue to grow their footprint at record speed, it’s clear that organizations in all sectors now recognize agile real estate not as a temporary solution, but as a long-term strategic priority.”
Additionally, Aashit Verma, Founder of Hanto Workspace, highlighted India’s growing attractiveness for businesses adopting flexible work models. He said, “The strong growth of the flex workspace market underscores India’s resilience as a stable and predictable ecosystem for both GCCs and Indian companies, with flex increasingly becoming their default workplace strategy.” Verma further expects the momentum to accelerate as stability returns to the Gulf region and India continues to simplify its foreign direct investment (FDI) framework.
The latest leasing data indicates that India’s commercial real estate market continues to evolve as businesses increasingly prioritize flexibility, scalability, and cost efficiency in their workplace strategies. As organizations embrace hybrid work models and managed office solutions, coworking operators are expected to remain one of the key drivers of office leasing activity across major metropolitan markets.
