India's flexible space market to cross 50 million sq. ft. by 2023: JLL

India, Nov. 18 -- India's flexible space market to cross 50 million sq. ft. by 2023: JLL

Optimism remains for the future of flexible workspaces

Bengaluru and Delhi NCR together account for more than 50% of India's flex stock

Hyderabad and Pune among the fastest-growing flex markets

Current market penetration of flexible workspaces in total office space stands at 3.0%; expected to move to 4.2% by 2023

JLL today launched a report titled JLL's "Reimagine Flexspaces A 360? view" which highlights that the current market penetration of flex spaces into India's total office stock stands at 3.0%. The country is expected to witness deeper penetration, throughout 2021 and beyond, the flex space market is forecast to grow at a slower pace and mor...