myHQ Report: Flexible Workspaces Dominate Demand
Real Estate

myHQ Report: Flexible Workspaces Dominate Demand

myHQ reports that 73 per cent of office space searches in India now favour flexible workspaces, with traditional leasing accounting for less than 27 per cent, signalling a structural shift in workplace demand.
The study, based on 387,000 verified enquiries across 30 countries along with long-term search data, indicates that coworking queries generate five times the volume of traditional office searches. While traditional demand has grown 48 per cent since 2022, flexible workspace demand continues to outpace it significantly.
A key shift is towards intent-driven searches. Queries for meeting rooms rose 187 per cent, virtual offices increased 99 per cent, and day-pass searches grew 20 per cent, with use-case-specific demand now comprising nearly 90 per cent of total coworking searches.
Demand is also expanding geographically and demographically. Cities like Bengaluru, Mumbai, and New Delhi show strong participation, with women accounting for 24.2 per cent of enquiries. International interest is rising, led by the United States, United Kingdom, and UAE.
Sustainability is emerging as a key decision factor, with green-certified office parks accounting for 66.3 per cent of search volumes.
The findings indicate a decisive move away from conventional leasing towards flexible, on-demand workspace models, driven by evolving user needs, hybrid work patterns, and demand for operational agility.

myHQ reports that 73 per cent of office space searches in India now favour flexible workspaces, with traditional leasing accounting for less than 27 per cent, signalling a structural shift in workplace demand.The study, based on 387,000 verified enquiries across 30 countries along with long-term search data, indicates that coworking queries generate five times the volume of traditional office searches. While traditional demand has grown 48 per cent since 2022, flexible workspace demand continues to outpace it significantly.A key shift is towards intent-driven searches. Queries for meeting rooms rose 187 per cent, virtual offices increased 99 per cent, and day-pass searches grew 20 per cent, with use-case-specific demand now comprising nearly 90 per cent of total coworking searches.Demand is also expanding geographically and demographically. Cities like Bengaluru, Mumbai, and New Delhi show strong participation, with women accounting for 24.2 per cent of enquiries. International interest is rising, led by the United States, United Kingdom, and UAE.Sustainability is emerging as a key decision factor, with green-certified office parks accounting for 66.3 per cent of search volumes.The findings indicate a decisive move away from conventional leasing towards flexible, on-demand workspace models, driven by evolving user needs, hybrid work patterns, and demand for operational agility.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code