Surge in co-working space leasing

June 2019 \ Business & Investment \ BUSINESS AND GOVERNANCE

Surge in co-working space leasing

Leasing activity in the flexible or co-working office segment ...

Mr Anshuman Magazine

Leasing activity in the flexible or co-working office segment during the January-March quarter (Q1) of 2019 surged by 277 percent on a year-on-year basis to 2.9 million square feet across the country’s major cities, a CBRE report said in May. Compared to the previous quarter, October-December 2018, the space take-up rose by 70 percent, said the report titled “India Flexible Space Quarterly Digest - Q1 2019”, adding that Bengaluru and Delhi-NCR were the larget markets for flexible space, accounting for more than half of flexible space leasing in the country.