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National flex workspace operators charged an average 19% premium over independent coworking providers between 2021 and 2026, according to myHQ's Flex Pricing Report 2026. Based on five years of transaction data covering 1,384 coworking centres across 30 cities and booking behaviour from more than 10,000 companies, the report examines the factors influencing coworking pricing in India. It found that Hyderabad and Bengaluru recorded the highest seat expansion among occupiers, while shorter lock-in periods attracted higher costs and larger seat bookings secured volume discounts. The report also projects the pricing premium enjoyed by national coworking brands to increase to 25% by FY2028 as enterprise demand continues to favour established multi-city operators.
National flex workspace brands maintained an average pricing premium of more than 19% over independent coworking operators between 2021 and 2026, according to the myHQ Flex Pricing Report 2026, which analysed five years of transaction data to examine pricing trends across India's flexible office market.
The report covers 1,384 coworking centres across 30 cities and tracks booking behaviour from more than 10,000 companies. It evaluates pricing trends based on brand strength, office scale, commitment periods and business expansion patterns, providing insights into the factors influencing occupancy costs in India's flex workspace sector.
According to the report, national coworking brands including WeWork, Awfis, Smartworks, 91Springboard and Innov8 consistently commanded higher prices than independent operators operating within the same locality and quality segment. Between 2021 and 2026, national brands recorded a median price of INR 8,600 per seat per month, compared with INR 7,200 for independent operators, resulting in a pricing premium of INR 1,400 per seat, or approximately 19%.
Utkarsh Kawatra, Co-founder and Chief Executive Officer of myHQ, said enterprises continue to place a premium on predictable service standards and consistent workplace experiences, similar to the preference for established hospitality brands over standalone hotels. He added that the pricing gap is expected to widen further, with national brands projected to command a premium of around 25% by FY2028 as companies increasingly consolidate their workspace requirements with trusted multi-city operators.
The study also highlighted significant differences in expansion patterns across cities. Hyderabad recorded the highest average seat growth following an occupier's first expansion, at 187%, followed by Bengaluru at 147%, Noida at 91%, Delhi at 76% and Gurugram at 67%. According to the report, Hyderabad's performance reflects the increasing depth of enterprise and growth-stage demand in the city's office market.
Occupier behaviour also varied according to company size. Start-ups booking between one and 15 seats expanded their office footprint by an average of 128% within three months of their initial booking, largely driven by rapid hiring. Micro, small and medium enterprises (MSMEs) occupying between 16 and 50 seats expanded by an average of 60% over 3.8 months, while enterprises with more than 51 seats recorded average expansion of 59% within 2.7 months, indicating the growing adoption of flexible workspaces as part of long-term corporate real estate strategies.
The report found that pricing is closely linked to lease commitments. Companies opting for six-month lock-in periods paid a median flexibility premium of 8.2% compared with those committing to 24-month agreements. A two-year commitment was estimated to save occupiers approximately INR 9,600 per seat annually.
Booking scale also influenced pricing. The report noted that meaningful volume discounts generally become available for bookings exceeding 50 seats. At this level, occupiers can secure savings of around INR 1,000 per seat per month, equivalent to an average discount of approximately 12%. For a 60-seat office, this translates into annual savings of about INR 7.2 lakh, while a 100-seat booking could generate savings of around INR 12 lakh annually and INR 24 lakh over a 24-month commitment.
According to myHQ, India's flex workspace market is expected to become increasingly segmented, with pricing driven by brand strength, lease commitments and occupier scale. The report projects that enterprise demand for established operators will continue to strengthen, while competition for MSME occupiers is likely to intensify as providers seek to attract businesses with steady expansion requirements.
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