Flexible workspace providers Table Space and Smartworks, both preparing for public market listings, are in advanced discussions to lease over 2 million square feet across multiple locations in Delhi and Mumbai.
Despite ongoing global uncertainty, this move signals strong confidence in India’s office space sector. Table Space is close to finalizing a deal for around 500,000 sq ft in Mumbai and plans to add another 1.5 million sq ft through two upcoming agreements.
“Despite global uncertainties warranting attention, the fundamental drivers of India’s office market remain robust, suggesting a positive outlook for 2025. The evolution of workplace strategies continues to influence market dynamics, and flexible workspace providers are tapping the market to expand their portfolio with a sustained push to work from the office,” said Peush Jain, managing director-commercial leasing and advisory, Anarock Group.
The demand for flexible workspaces is gaining momentum in tier-2 and tier-3 cities, fueled by workforce decentralization and a growing focus on work-life balance. These flexible office solutions now represent 11–13% of India’s overall office space demand.
“The NCR (National Capital Region) continues to be a key strategic growth hub for Table Space. We are in advanced discussions to take up nearly 5 lakh sq. ft. across Gurgaon and Noida, further reinforcing our commitment to delivering premium, fully managed office solutions in India’s most dynamic business corridor,” said a spokesperson for Table Space.
The growing footprint of flexible workspace providers like Table Space and Smartworks in major metros such as Delhi and Mumbai and the rising demand in tier-2 and tier-3 cities highlights a significant shift in India’s commercial real estate landscape.
As businesses continue to embrace hybrid work models and prioritize agility, the flexible office space segment is poised for sustained growth, solidifying its role as a key driver of the future workplace ecosystem.
