IT companies realign workspaces for flexibility

The top IT and ITes companies are realigning workspaces to prioritise flexibility, innovation, diversification, and sustainability, resulting in flexible space in real estate portfolios doubling to 10-15% in 2024.

By area, that has surpassed 50 million square feet, accounting for approximately 7% of total Grade A stock as of Q2 2024, and this trend is expected to gain traction in 2025.