From Flex to Managed

FROM FLEX TO MANAGED

Cushman & Wakefield | Table Space

Sector-wise share in flex seat leasing, 2023 & H1 2024

Engineering & Manufacturing

IT-BPM

40%

50% H1 2024

14%

18% H1 2024

2023

2023

IT-BPM sector dominates with 40-50% share of seats absorption during 2023 and H1 2024

Professional Services

BFSI

12%

11% H1 2024

9%

12% H1 2024

2023

2023

Amongst the biggest occupier clients for flex, the IT-BPM sector dominates with 40-50% share of seats absorption during 2023 and H1 2024. Following the IT-BPM sector, the Engineering & Manufacturing (E&M), and Professional Services complete the list of top-3 sectors that have accounted for largest shares in flex seat leasing in the recent years.

Healthcare & Pharma

E-Commerce

4%

2% H1 2024

4%

4% H1 2024

2023

2023

Telecom & Media

Others

2%

0% H1 2024

15%

3% H1 2024

2023

2023

Source: C&W Research

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