Tech, Trends, Workspace Views and UltraSoft News
Office markets are moving fast, and not always in the same direction. From rapid growth in India’s flexible spaces to cautious hiring in the UK and the US, and new workspace openings in Hong Kong and Dublin, this update shows how businesses are adjusting to what’s next—and aims to help you stay ready too.
Modern Tenants Are Expecting More from Flexible Workspace Tech
Today’s tenants expect more from flexible workspaces. They want fast onboarding, transparent billing, and tools that just work—without chasing emails or digging through paperwork. The right tech doesn’t just support operations, but also shapes the entire tenant experience. Here’s what they’re looking for, and how to deliver it.
Industry News
India’s office market hit record-high absorption in the first nine months of 2025, driven by steady demand from tech firms, flexible workspace operators, and domestic companies. Leasing rose 2% year-over-year, with Bengaluru, Mumbai, and Delhi NCR leading activity. Sustainability remained a key priority, with green-certified buildings accounting for most new supply and leasing. Backed by strong economic fundamentals and a growing talent base, more than 70% of occupiers plan to expand their office footprint, according to CBRE.
Bengaluru leads India’s flexible office market with a 31% share, driven by demand from global firms, GCCs, and startups. India’s flex space is projected to grow from 85 to 100 million sq ft by 2026. Average corporate seat demand has doubled in two years, and over 1,500 flex brands now operate nationally. Bengaluru’s HSR Layout shows high density, with 18.1% of the city’s flex space, supported by nearby affordable housing and startup growth.
Australia’s flexible workspace sector is thriving, with 77% of operators reporting revenue growth and 60.5% seeing profit increases last year. This growth is indicative of rising confidence across the industry in this region.
Business confidence across major economies is flashing warning signs. In the UK, sentiment has sunk to a 9-year low, with small firms preparing for job cuts and pulling back investment, according to the Institute of Directors—contrasting sharply with official growth figures. Meanwhile, a Bank of England survey shows hiring plans are at their weakest since 2020, as firms brace for inflation and adopt a wait-and-see stance on rate cuts.
IWG has opened its 22nd Hong Kong location—a 10-story flex-office at The Voeux in Central—adding over 6,400 sq ft of workspace amid rising market confidence and IPO activity. This move supports growing hybrid work demand and reflects a broader recovery in Hong Kong’s office sector, which saw its highest net absorption since 2019.
IPUT Real Estate has bought two top office buildings in central Dublin, adding 4,000 m² to its Studio flexible workspace brand, which will grow to over 10,000 m² by 2025. Studio offers fully serviced, high-end offices with short leases and shared amenities, aimed at companies needing flexible, hybrid workspaces. This sets Studio apart from typical coworking spaces, which is now managing more than 200,000 m² across Dublin.
UltraSoftBIS is proud to sponsor the Global Workspace Association Conference 2025 in Chicago on Oct 14-17!
We're excited to support this incredible gathering of coworking leaders and innovators. Save 10% with code GWASPONSOR10 when you grab your ticket. More info here
Look out for the UltraSoftBIS team at the event, we'd be happy to connect!
Who is UltraSoftBIS?
UltraSoftBIS is an all-in-one software for business centre operators, coworking spaces, and flexible workplaces. It automates key tasks like sales, proposals, license generation, e-signatures, inventory management, reservations, billing, and reporting in a single integrated system.
