Business News | CBRE Brings FlexGrade to India, Sets New Industry Standard for Country's Record-Breaking Flex Workspace Market

BusinessWire India

New Delhi [India], February 20: CBRE South Asia Pvt. Ltd., India's leading real estate consultancy, on Friday announced a strategic partnership with FlexGrade in the Indian market. The collaboration reflects how clients are increasingly evaluating quality, consistency, and transparency across flexible workspace options, as flex becomes a more embedded component of long-term real estate strategy.

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As the Indian office sector undergoes rapid institutionalisation, the flex segment has emerged as a core pillar for global occupiers and large enterprises. As the enterprise use of flexible workspace matures, the way quality and consistency are evaluated is becoming more structured, exposing the absence of a centralised reference to support portfolio-level assessment. Moreover, the ability to reference comparable, external quality indicators is becoming increasingly relevant in broker-led shortlisting and portfolio discussions.

CBRE recognises the growing importance of independent quality references in flexible workspace decision-making and is engaging with the FlexGrade framework to support clearer, more consistent advisory conversations across the market.

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Anshuman Magazine, Chairman & CEO - India, Southeast Asia, Middle East & Africa, CBRE, said that "flight to quality" continues to define occupier behaviour across the office market.

"With global occupiers accounting for over 50% of office absorption, occupiers are asking more sophisticated questions around transparency, consistency, and operational excellence in flexible workspace," he said. "As flex becomes part of longer-term portfolio strategy, independent quality references help bring greater confidence and clarity into decision-making for both occupiers and operators."

Ram Chandnani, Managing Director, Leasing, CBRE India, said, that the flexible office segment in India has undergone a fundamental change, evolving from a post-pandemic contingency into a cornerstone of modern corporate portfolio strategy.

"This is a sign of a transition from the era of simple co-working to a sophisticated landscape dominated by managed offices and enterprise-grade solutions that prioritize agility, scalability, and employee experience," he said.

Sherri Tao, Co-founder, FlexGrade, said, "Across global markets, we're seeing quality and consistency in flexible workspace evaluated more explicitly as enterprise use matures. That shift is now becoming increasingly relevant in India given the scale and sophistication of demand."

FlexGrade works with operators, brokers, and advisory partners across EMEA, APAC, and the United States. In India.

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