Managed and flexible office spaces have become a dominant force in India's commercial real estate in 2025. Major operators like WeWork India, Indiqube, and Smartworks have expanded significantly, with flex spaces projected to exceed 100 million square feet across top markets. These operators are increasingly partnering with REITs and developers for prime locations, attracting large enterprises seeking agility and capital efficiency. Flex spaces are anticipated to account for nearly 20% of India's office leasing in 2025.