Bengaluru leads the way with 257 flex office transactions, 28 per cent of the total

Notably, Bengaluru has emerged as the top market, accounting for approximately 28 per cent of the total deals, with 257 flex office transactions.

Published on: Oct 30, 2024, 19:30:05 IST

ANIPosted by Yamini C S

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The Indian commercial real estate market has witnessed a significant surge in flex office space deals, with a total of 912 transactions recorded across eight major cities from 2018 to the third quarter of 2024, according to Knight Frank India report.

Notably, Bengaluru has emerged as the top market, accounting for approximately 28 per cent of the total deals, with 257 flex office transactions.

Bengaluru's dominance is particularly evident in the small-sized segment (under 40,000 sq ft), where it led the market with 150 deals.

The National Capital Region (NCR) followed with 96 deals, contributing to a cumulative total of 551 small-sized flex office transactions across the eight cities.

In the medium-sized segment (ranging from 40,000 to 80,000 sq ft), Bengaluru again topped the charts with 60 deals, while Pune secured the second position with 33 deals. Overall, 208 medium-sized flex office deals were recorded in the major markets.

When it comes to large-sized flex office spaces (over 80,000 sq ft), Bengaluru maintained its frontrunner status with 47 deals, closely followed by Pune with 30 deals. This segment also accounted for 208 medium-sized deals across the eight cities.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More