Record-Breaking Year for Commercial Realty & Flex Workspaces
Commercial real estate logged one of its strongest years in a decade. NCR office leasing reached 7.2 million sq.ft. in H1 2025 — a 27% YoY rise — with Gurugram driving 65% of the demand, notes Ashish Sharma, AVP operations, Brahma Group. India’s flex workspace market also hit new highs: leasing touched 59.6 million sq.ft., led by GCCs at a record 39%, and total flex stock surpassed 85 million sq.ft., making India the largest and most mature flex-office market in APAC, says Sanjay Chatrath, co-founder, Incuspaze.
Tier-2 cities such as Jaipur, Indore, Kochi, and Coimbatore saw strong growth from MSMEs, startups, and satellite GCCs, as enterprises increasingly chose managed workspaces over long-term leases — cementing a lasting shift toward flexibility and cost efficiency.
