Flex-space market size expected to touch 126 million sqft, addressing a USD 9 billion market by 2028: Avendus Capital
Bangalore, March 22, 2024
Avendus Capital, India’s leading Investment Bank for private equity advisory, released a comprehensive report on how flex workspaces are disrupting the Indian office market. According to the report, India’s commercial real estate market will see strong demand to push adoption of flex workspaces, leading the sector to grow up to ~126 million sqft at a 15% CAGR, addressing a USD 9 billion market by 2028. This growth is expected to garner the attention of all categories of investors – growth capital, private equity, real estate, HNIs and family offices, venture debt and structured credit.
The flex workspace market in India is dominated by product-led operators offering flexible office solutions across the spectrum. Sectors like IT & ITeS, BFSI, consulting...