Leases on Almost 73 per cent sq ft of office space in Bangalore are due for renewal 2020 , according to Business Today . The commercial real estate firm said it expects around 25% of this conventional office space will be taken over by co-workspace providers to help meet demand in the sector, which is predicted to reach between eight and 20 million sq ft by 2020 .
Leases on more than 50 million sq ft of office space in India are due for renewal this year, according to Propstack. The commercial real estate firm said it expects around 25% of this conventional office space will be taken over by co-workspace providers to help meet demand in the sector, which is predicted to reach between eight and 20 million sq ft by 2020.