Co-working operators rent out 2,24,000 seats to firms across eight cities: Cushman & Wakefield
- IBEF
- February 18, 2025
Co-working space operators in India rented out a record 2.24 lakh seats across eight major cities in 2024, driven by rising demand for managed office spaces from corporates, according to Cushman & Wakefield. Cities like Bengaluru, Pune, Delhi-NCR, and Mumbai saw the highest uptake, with Bengaluru leading at 64,000 seats. This growth reflects the increasing adoption of the "Core+Flex" leasing strategy, where companies combine traditional offices with flexible workspaces. The demand for flexible offices is expected to grow, supported by the need for best-in-class amenities, sustainability, and technology.
In 2024, co-working operators leased 124.2 lakh square feet of space, a 58% increase from the previous year. The major sectors driving this demand include Information Technology and Business Process Management (IT-BPM), engineering, manufacturing, banking, financial services, insurance (BFSI), and professional service providers. With strong growth in flexible office spaces, the sector is set to expand further in 2025 and beyond.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
