India's financial and infotech capitals, Bengaluru and Mumbai, saw a sharp increase in the leasing of co-working space 2017, according to property data analytics firm CRE MATRIX. It said Bengaluru enjoyed a 43% rise in leases, with 1.15 million sq ft taken out in last year, compared to 770,000 sq ft in 2016. Meanwhile Mumbai's co-working leases rose from 160,000 sq ft in 2016, to 550,000 sq ft 2017, with the majority of deals taking place in Andheri and Powai. JLL estimates the Indian co-working market potential at 15.5 million people.
India's financial and infotech capitals, Bengaluru and Mumbai, saw a sharp increase in the leasing of co-working space last year, according to property data analytics firm CRE MATRIX. It said Bengaluru enjoyed a 43% rise in leases, with 1.15 million sq ft taken out in 2017, compared to 770,000 sq ft in 2016. Meanwhile Mumbai's co-working leases rose from 160,000 sq ft in 2016, to 550,000 sq ft last year, with the majority of deals taking place in Andheri and Powai. JLL estimates the Indian co-working market potential at 15.5 million people.