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Colliers India. Flex spaces expanded at a fast pace this year led by occupiers’ hybrid and decentralised work plans. During the year flex spaces leased about 4.8 million sq feet of space according to property advisory Colliers India. Overall office gross absorption across the top six cities was at about 33 million sq feet compared to 9% share last year. Bengaluru accounted for maximum flex space leasing a 60% rise year-on-year. Flex or shared office space leasing accounted for 15% of the leasing the year 2021 saw 35 million sq feet of supply Mumbai and Bengaluru – a 56% rise from 2020. The biggest spurt was seen in Delhi-NCR where start-ups leased office spaces in Gurugram largely Colliers. Delhi NCR registered a 50% increase in leasing activity in 2021 on a year-on-year basis. Gurugram accounted for almost 64% share in leasing activity as many firms relocated to better quality buildings in upcoming micro-markets such as Golf Course Extension Road and also centralized locations like Cyber City and MG Road. Recently delivered buildings are witnessing greater traction as occupiers consolidate their portfolios in Grade A buildings with better wellness standards. A similar trend is seen in other cities where occupiers are exploring next-generation offices to move into as developers and occupiers are committed to future-proof office spaces. In terms of new supply Startups leased about 2.2 million sq feet of office space in 2021 in the top three property markets of Delhi-National Capital Region we are seeing greater appetite for office space by start-ups. The year 2022 will even be better we expect supply in 2022 to be around 35-38 million sq feet