Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Home News Coworking

Demand For Coworking Spaces In India Has Doubled

In the post-pandemic world, a growing number of businesses in India have decided to move their operations to flexible workspaces – suggesting a growing preference over traditional office spaces.

Dominic CatacorabyDominic Catacora
May 2, 2023
in Coworking
Reading Time: 2 mins read
A A
New Data Suggests Demand For Coworking Spaces In India Have Doubled In The Past 4 Years

More stories for you

India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

4 days ago
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

4 days ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

5 days ago
Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

6 days ago

What’s going on:         

New data released from the real estate services company ANAROCK reveals that demand for coworking spaces in India has nearly doubled within the past four years, according to Business Today.   

The net office space absorption for the January-March quarter – the amount of space leased minus the amount vacant – was a reported 8.2 million square feet. Flexible coworking spaces now make up about 27% of that number – hovering around 2.18 million square feet.     

In the January-March quarter of 2019, flexible office space absorption was at 1.3 million square feet, according to Mint.   

The top seven cities in the new report recorded a 90% growth in net coworking space absorption from Q1 of 2019 to Q1 of 2023. This growth represents a shift of around 1.3 million sq ft. in 2019 to 2.18 million sq ft in 2023.  

Why it matters:   

The adoption of coworking spaces across the world is a reflection of businesses adapting to new economic and societal impacts. The post-pandemic world has accelerated the demand for many businesses to choose coworking spaces over the traditional office lease.   

This data suggests that many business leaders in India are contributing to the rise of businesses moving to coworking spaces.  

How it’ll impact the future:         

The rise of coworking spaces in India highlights an ample opportunity for businesses to adapt to the evolving landscape of work in 2023.  

As the Covid-19 pandemic wanes, more businesses are recognizing the benefits of flexible workspaces and are increasingly opting for coworking spaces over traditional offices. This trend is especially prevalent within the technology industry, where the disrupted employment scenario has made coworking spaces an attractive option for businesses.

Source: Business Today
Tags: CoworkingFUTURE OF WORK®
Share5Tweet3Share1
Dominic Catacora

Dominic Catacora

Dominic Catacora is a Staff Writer for Allwork.space. He is based in Pittsburgh, PA. He graduated from Radford University in 2017 with a Bachelor of Science degree in Media Studies - Journalism. He has previously covered the Historic Triangle as a journalist living in Williamsburg, Va, and is now focused on writing related to the future of work.

Other Stories Recommended For You

India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2
News

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

byAllwork.Space News Team
4 days ago

Smartworks Coworking Spaces' $67.6 million India IPO was fully subscribed on the second day of bidding on Friday, as retail...

Read more
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

4 days ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

5 days ago
Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

6 days ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Workspaces Run Better On UltraSoftBIS

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00