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

FlexGrade offers an independent framework designed to certify quality standards across the flexible workspace spectrum

Business Wire India

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.

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.

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.

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.

About CBRE Group, Inc.

 

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.

 

CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 13,000 professionals across 15 offices, with a presence in over 100 cities in India. In 2025, CBRE topped the list of India’s “Best Employers” by TIME and Statista. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Leasing, Global Workplace Solutions & Property Management, and Project Management. The guiding principle at CBRE is to provide strategic solutions that make real estate holdings more productive and economically efficient for its clients across all service lines. Please visit our website at https://www.cbre.co.in/

 

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