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Leading real estate diversified professional services firm, Colliers India, has successfully transacted a 220,000 sq.ft. commercial real estate space at M3M Urbana, Gurgaon for well-known managed office provider, Incuspaze.

The flex office segment has been witnessing rapid growth over the past few years, given the many benefits it brings to employees and employers. From easy lock-in periods and inexpensive rentals that work in the business' favor to well-being amenities and aesthetic office design that create a positive environment for employees, flex workspaces are increasingly attractive.

"The heightened activity in the flex space over the past few years substantiates that there is growing demand. Businesses are willing to pivot from the traditional office space to the co-working space because of the many advantages including locational convenience, state-of-the-art infrastructure, and global amenities - all at cost-effective rentals. The flex office stock in India will likely cross 80 million sq.ft. by 2026.

Incuspaze has a growing presence in the country and has proven to be a preferred managed office space partner for numerous reputed corporates. We were happy to lead this transaction and ensure a smooth deal. The team did a thorough market analysis and identifying an apt space; M3M Urbana is a remarkable Grade A development that is well-connected and accessible. I am proud of the Colliers experts whose strategic and technical prowess resulted in the successful and prompt execution of this significant deal.", says Arpit Mehrotra, Managing Director, Office Services, Colliers India.

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