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Pune leads in flex space penetration, predicted to surpass 8 million sq ft by 2025: Colliers India
Commercial Design
|September 2023
Tech hub Pune's flex space that of Bengaluru. It is expected to cross 8 million square feet by 2025, accounting for 10 percent of the city's total office stock, according to a report by Colliers India, a real estate consultancy firm.
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The report said this is due to healthy investment and robust demand from technology and other sectors.
Pune's flex space market has seen significant growth during the last five years, especially post pandemic, led by a burgeoning young population, presence of large tech corporates, and proliferation of numerous startups, the report said.
This story is from the September 2023 edition of Commercial Design.
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