New York-headquartered collaborative workspace firm WeWork’s India arm plans to double the co-working space it offers in the country to 6 million square feet in 2019 and expand its presence to cities including Chennai, Pune and Hyderabad by the end of next year. The company currently operates 3 million sq.ft. office space across Bengaluru, Mumbai and Gurgaon. “In India, WeWork started the year with...
WeWork
The increasing demand for flexible and co-working spaces is prompting higher absorption of the commercial real estate. While co-working companies took up 1.8 million sq ft in 2017, the first quarter of 2018 itself has exceeded the annual tally of 2017. During the quarter, co-working players have picked up 2 million sq ft of office space with the highest transaction activity witnessed in Bengaluru, NCR and...