Summary:

In 2024, India's co-working operators leased a record 2.24 lakh seats across eight major cities, driven by corporate demand for managed office spaces. Bengaluru led with 64,000 seats. The rise of the "Core+Flex" leasing strategy, combining traditional and flexible offices, fuels this growth. Demand will keep rising, supported by top-tier amenities, sustainability, and technology. In 2024, co-working operators leased 124.2 lakh square feet, a 58% rise from 2023. Key demand drivers include IT-BPM, engineering, manufacturing, BFSI, and professional services. With strong growth in flexible office spaces, the sector is poised for further expansion in 2025 and beyond, driven by evolving workplace needs and corporate demand.

Source: IBEF

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