Owing to rising demand co-working space leasing to double up

Photo Credit: Design Helm, Los Angeles

By Accommodation Times Bureau

Leasing of office space by co- working operators may double in 2017 to 1.5 million sq ft with the concept of shared office space gaining momentum in the country, according to property consultant CBRE India.

CBRE South Asia in its report ‘The Art of Co-Working’ has projected that leasing could touch 10 million sq ft by 2020.

“While demand more than tripled in 2016 to touch 0.7 million sq ft as compared to 2014, this year (2017), leasing is expected to cross 1.5 million sq ft. With the concept of shared office space fast catching up in India, leasing is expected to touch 10 mn sq ft by 2020,” CBRE said.

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