Of over 8.2 Mn sq. ft. net office space in Q1 2023 across the top 7 cities, coworking comprised approx. 2.18 Mn sq. ft.; in pre-Covid Q1 2019, approx. 1.3 Mn sq. ft. net absorption of 9.3 Mn sq. ft. net absorption was by coworking
The global movement of modern-day workspaces, which initially seemed lucrative only for entrepreneurs, has attracted medium and large-sized corporations too
Despite the massive growth of the co-working sector, experts believe that there will be a wave of consolidation to hit the sector- Smartworks’s Neetish Sarda authors