New Delhi, April 2 -- Large enterprises have decisively reshaped India's flexible workspace market, marking a clear shift from its startup-led origins to a core element of corporate real estate strategy. According to Knight Frank's report "Flex Space Occupier Intelligence: Who is Occupying Flex Space in India - and Why It Matters," big corporates now account for 72% of total flex seat absorption--far outpacing SMEs (18%) and startups (10%).

"Across the eight major cities analysed, Large Enterprises account for 72% of total flex seat absorption at the national level, far exceeding SMEs at 18% and startups at 10%," the report said.

According to Knight Frank, the growing dominance of large corporates indicates that flexible workspaces are ...