Source | www.theindianwire.com | Varun
While still in its nascent stage, India’s coworking space industry is rapidly emerging as a driving force behind the country’s commercial real estate sector. According to a JLL report, the space leased in 2018 had increased two-fold to reach 3.9 million sq. ft. from 1.9 million sq. ft. in 2017. The growth trend is expected to continue and the area of coworking space leased across India is expected to reach 10 million sq. ft. in 2020.
Initially, the trend was driven by the rise of startups looking for plug and play office spaces in order to reduce operating costs while looking for more flexibility. As the benefits of these coworking spaces became evident, larger global firms have started to go for the coworking model as they expand to new markets across geographies.
With over 300 coworking operators already working across top seven Indian cities, a number of Indian startups have also started cashing in on the opportunity.
Here is a list of top 10 coworking startups operating across the country: