Growth · Aiera Sense
Market Sense
Published competitor results, brand coverage and market reports, each read from its public source and scored for sentiment.
Total signals
18
Last 6 months, sourced
Competitor moves
7
Positive sentiment
8
Watchlist size
5
Named competitors
Signal volume
Sourced signals captured per month
Competitor watchlist
Mentions this period
Gross leasing, Q2 2026
24.6 mn sq ft
Highest quarterly absorption on record, against about 21 mn sq ft of completions. GCCs took 42%.
CBRE via ETRealtyFlex leasing, H1 2026
8.4 mn sq ft
Highest half-yearly volume ever recorded by flexible workspace operators; pan-India vacancy tightened to 13.7%.
Cushman & WakefieldFlex seats leased, H1 2026
1,91,306
Across the top eight cities, up 68.4% year on year, the strongest half-year on record for flex.
Industry researchGCC share of Grade A leasing
45%
GCCs leased 19.2 mn sq ft of the 42.6 mn sq ft taken in H1 2026; rentals rose 9% and vacancy fell to 15%.
AnarockIndia flex footprint
100+ mn sq ft
The flex market crossed 100 mn sq ft, with enterprise clients now accounting for the bulk of operator revenue.
myHQ via Fortune IndiaListed flex revenue, Q1 FY27
₹2,250 Cr+
Combined quarterly revenue of the five listed flex operators, the sector's strongest print so far.
Economic TimesOperator benchmarks
Latest published results and footprints, read from company filings and investor pages
| Operator | Revenue | Period | Portfolio | Footprint | Occupancy | Source |
|---|---|---|---|---|---|---|
| Table Space | ₹2,262.3 Cr | FY26 | 11.42 mn sq ft | 176 facilities | 92.64% mature | DRHP, Aug 2026 |
| WeWork India | ₹698.0 Cr | Q1 FY27 | 12 mn sq ft total, 9.1 operational | 79 centres, 8 cities | 133.6k desks | Investor relations |
| IndiQube | ₹422.6 Cr | Q1 FY27 | 10.61 mn sq ft | 137 centres, 17 cities | 90% steady state | Q1 FY27 results |
| Awfis | ₹1,493 Cr | FY26 | Reported at company level | Pan-India | Core coworking revenue +35% | FY26 results coverage |
| Smartworks | ₹600 Cr capex planned | FY27 | Existing and upcoming centres | Expanding | Managed-office demand cited | PTI |
Signal feed
18 of 18 signals
Table Space files DRHP for ₹800 Cr IPO
positiveTablespace Technologies filed its draft red herring prospectus with SEBI: a fresh issue of up to ₹800 crore plus an offer for sale of up to 6.55 crore shares.
FY26 revenue ₹2,262.3 Cr, loss down 74%
positiveOperating revenue grew 66% year on year to ₹2,262.3 crore while the consolidated net loss narrowed 74% to ₹403.4 crore. Total expenses rose 55% to ₹2,383.2 crore.
DRHP published on the SEBI public issues list
neutralThe draft offer document and abridged prospectus for Tablespace Technologies Limited appeared on the SEBI public issues page, putting the disclosure set into the public record.
Coverage frames the listed-peer benchmark
neutralAnalysis notes Table Space enters the market with several listed flex operators already available as comparables, and that ₹550 crore of the fresh issue is earmarked for new centres.
Listed flex operators clear ₹2,250 Cr in Q1 FY27
neutralFive listed flex office operators posted combined revenue above ₹2,250 crore for the June quarter, the sector's strongest quarterly print so far.
Smartworks to invest ₹600 Cr in FY27
negativeSmartworks Coworking Spaces will spend around ₹600 crore this fiscal on existing and upcoming centres to meet managed-office demand.
IndiQube Q1 FY27 revenue up 37%, occupancy 90%
negativeIndiQube reported operating revenue of ₹422.6 crore, a net loss narrowed 35% to ₹23.9 crore, area under management of 10.61 mn sq ft and steady-state occupancy of 90%.
IndiQube footprint: 137 centres, 17 cities
neutralThe operator's investor page reports 137 centres across 17 cities and 10.61 mn sq ft, a wider city spread than ours against a smaller average centre.
WeWork India Q1 FY27: ₹698 Cr revenue, PAT positive
negativeRevenue of ₹698 crore (+28.5%), EBITDA ₹138.3 crore at 19.8%, PAT ₹53.2 crore, 133.6k operational desks across 79 centres in 8 cities.
Awfis crosses ₹1,490 Cr revenue in FY26
neutralAwfis reported FY26 operating revenue of ₹1,493 crore, up 24%, with core coworking revenue up 35% on enterprise and GCC demand.
Flex operators post record 8.4 MSF half-year leasing
positiveIndia office leasing reached about 43 MSF in H1 2026, GCCs took 16.5 MSF (38%), flex operators recorded their highest-ever half-yearly volume at 8.4 MSF and pan-India vacancy tightened to 13.7%.
Record 24.6 mn sq ft leased in Q2 2026
positiveGross leasing hit about 24.6 mn sq ft, the highest quarterly absorption on record, against roughly 21 mn sq ft of completions. GCCs accounted for 42% of take-up.
GCCs take 45% of Grade A leasing, rents up 9%
positiveGrade A leasing reached 42.6 mn sq ft in H1 2026 across the top seven cities, GCCs leased 19.2 mn sq ft, vacancy fell to a multi-year low of 15% and rentals rose 9%.
H1 2026 leasing at 37.9 mn sq ft, second-best on record
neutralJLL puts H1 2026 leasing at 37.9 mn sq ft, down 3.9% year on year, with Q2 at 16.45 mn sq ft. Domestic occupiers driven by flex improved their share of volumes.
Best-ever first quarter at 21.5 mn sq ft
positiveQ1 2026 gross leasing of 21.5 mn sq ft was the highest first-quarter figure on record, despite AI-driven and geopolitical headwinds for the sector.
India flex footprint crosses 100 mn sq ft
positiveThe flex market passed 100 mn sq ft as GCC demand drove record growth, with enterprise clients now accounting for the bulk of industry revenue rather than startups.
1.91 lakh flex seats leased in H1 2026
positiveOperators leased 1,91,306 seats across the top eight cities in H1 2026, up 68.4% year on year, the strongest half-year on record for flex.
Flex earnings jump on premium shift
neutralListed flex operators reported higher earnings on strong demand and a shift toward premium, enterprise-grade managed space rather than desk-level coworking.