AI firms' flexible workspace demand rises

Flexible workspace providers are seeing higher demand for office space from artificial intelligence companies and AI-first businesses, with a bulk of the leasing happening in Bengaluru, Pune, and Hyderabad.

- Madhurima Nandy

Flex office operators such as WeWork India, IndiQube, Table Space, Incuspaze and others have signed on AI firms as tenants for 50-700 seats in their centres. "Leading shared workspace firms WeWork India and IndiQube have signed multiple deals with AI startups in Bengaluru and other cities in the last year or so," said a person familiar with the companies' plans.

WeWork India has signed lease transactions with companies such as Asper.ai Technologies Pvt Ltd, an AI platform for consumer goods, and Eightfold AI India Pvt Ltd, a talent intelligence platform. Spokespersons of WeWork India and IndiQube, both in IPO mode, declined to comment.