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Since 2018, Pune’s flex stock has witnessed a four-fold rise and currently stands at 5.4 million sq ft as of June 2023. Flex spaces are poised to grow further as flexibility, scalability, and cost optimisation remain table stakes for office expansion.
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Get latest articles and stories on Business at LatestLY. Pune (Maharashtra) [India], July 31: Driven by healthy investment and robust demand from Technology & other mainstream sectors, Pune's flex space stock is expected to cross 8 million sq feet by 2025, accounting for 10% of the total office stock of the city, according to Colliers' latest report 'Pune – Tech-tonic shift to flex'. Pune's flex space market has seen significant growth during the last five years, led by a burgeoning young population, presence of large tech corporates, and proliferation of numerous startups. Occupiers' hybrid workstyles have further accelerated the demand for flex spaces in the city, especially post pandemic. Since 2018, Pune's flex stock has witnessed a four-fold rise and currently stands at 5.4 million sq feet as of June 2023. This translates to 8.3% of the total Grade A office space of the city, the highest across the top 6
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