With the growing startup ecosystem in India, the demand for flexible co-working space has grown by leaps and bounds in a few years. The flexible office market in Asia Pacific has grown rapidly in recent years, reaching 40 million sq ft by H1 2018, according to a report by CBRE South Asia. “While the number of offices is still relatively small, it will continue to grow as more companies look for an alternative location and are looking at Singapore as one of their preferred options,” said Mr Ch@@ Flexible workspace in the world’s fastest growing economy amounted to 15 million sq ft by Q3 2018, accounting for 3% of overall office stock compared with 1.7% in the broader region. The pace of expansion is attributed to domestic operators, which account for around 60% of the total flexible office space market, according to CBRE India’s Ram Chandnani.
The flexible office market in Asia Pacific has grown rapidly in recent years, reaching 40 million sq ft by H1 2018, according to a report by CBRE South Asia. “While the number of offices is still relatively small, it will continue to grow as more companies look for an alternative location and are looking at Singapore as one of their preferred options,” said Mr Ch@@ Flexible workspace in the world’s fastest growing economy amounted to 15 million sq ft by Q3 2018, accounting for 3% of overall office stock compared with 1.7% in the broader region. The pace of expansion is attributed to domestic operators, which account for around 60% of the total flexible office space market, according to CBRE India’s Ram Chandnani.