Co-workspace operators leased four million sq ft of office space in India’s top eight cities in H1 this year, a 42% YoY increase that accounted for 15% of all office space transactions during the period, according to Knight Frank. The growth is driven by an influx of new tenants and rising demand from companies looking to expand their presence across India.
Co-workspace operators leased four million sq ft of office space in India’s top eight cities in H1 this year, a 42% YoY increase that accounted for 15% of all office space transactions during the period, according to Knight Frank. Demand for co-working space is being fuelled by enterprise clients, which now account for an average of 70% or more of the space sublet by many co-working operators, according to the real estate consultancy.