The modern workplace requires modern solutions, which explains why demand for coworking spaces in India continues to skyrocket.
According to a new report from MoneyTransfers, coworking spaces made up 20% of the country’s office stock — a 233% spike from the 6% seen during the first half of 2021.
Among the cities that saw the largest growth in coworking spaces were Bengaluru, Hyderabad and Chennai, where coworking operators took up 18% of office space.
The main reason for the surge? According to Johnathan Merry, CEO of MoneyTransfers, it boils down to the evolution in how people are working.
For many, the concept of being in a company’s main office five days a week feels antiquated. Instead, professionals are more inclined to be productive in coworking spaces, where they can have flexibility in their work schedule and connect with like-minded people.
Whether a person is launching a startup or works remotely for a Fortune 500 company, coworking spaces have something for nearly everyone.
