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Delhi-NCR recorded its highest-ever quarterly flex office leasing in Q2 2026, with flexible workspace operators accounting for 45% of the 3.6 million sq ft of gross office leasing, according to CBRE. The surge was driven by rising demand from global capability centres (GCCs), technology firms and enterprise occupiers seeking scalable workspaces. Strong absorption, a growing supply pipeline and increasing preference for managed offices reinforced Delhi-NCR's position as India's leading flex office market during the quarter, signalling sustained momentum in commercial real estate.
Delhi-NCR emerged as India's strongest flexible office market in the second quarter of 2026, recording its highest-ever quarterly flex office leasing as operators accounted for 45% of the region's total office space absorption, according to a report by CBRE. The region registered gross office leasing of nearly 3.6 million sq ft during the April-June quarter, with flexible workspace providers leasing around 1.6 million sq ft, highlighting growing demand for managed and flexible workplaces.
The record performance underscores the increasing adoption of flexible office solutions by corporate occupiers, including global capability centres (GCCs), technology companies, consulting firms and financial services organisations. Businesses continue to prefer flexible workspaces that offer scalability, lower upfront capital expenditure and operational agility amid evolving workplace strategies.
According to CBRE, Delhi-NCR outperformed all other Indian office markets in terms of flex space take-up during the quarter. The strong demand was supported by expanding enterprise requirements, healthy economic activity and sustained hiring across knowledge-based industries. Flexible workspace operators continued to secure large office blocks in Grade A commercial developments to cater to rising enterprise demand.
Industry experts noted that flex office providers are increasingly partnering with landlords through revenue-sharing and management agreements rather than conventional lease structures. This approach allows developers to improve occupancy while enabling operators to expand with lower capital commitments. The trend has contributed to the rapid growth of the managed office segment across major commercial hubs.
The report also highlighted that Delhi-NCR continues to benefit from robust infrastructure development, expanding metro connectivity and the emergence of new commercial districts across Gurugram, Noida and central business locations. These factors have strengthened the region's attractiveness for domestic and multinational occupiers seeking premium office space.
Growing demand from GCCs remained one of the key drivers of office leasing during the quarter. Several multinational corporations expanded their India operations, increasing the need for ready-to-occupy, technology-enabled office environments that can accommodate changing workforce requirements. Flexible workspace operators have responded by offering customised enterprise solutions alongside traditional co-working formats.
CBRE expects the momentum to continue over the coming quarters as corporate occupiers increasingly adopt hybrid work models and seek operational flexibility. The report noted that India's office market remains resilient despite global economic uncertainties, with flexible workspaces evolving from a short-term occupancy solution into a core component of long-term real estate strategies.
The strong performance in Delhi-NCR reflects the broader transformation of India's commercial real estate market, where demand is shifting towards agile, managed office solutions that support business expansion while optimising real estate costs. With a healthy pipeline of Grade A developments and sustained occupier interest, the region is expected to remain a key destination for flexible workspace growth.
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