Leasing by co-working operators is expected to increase by 42 percent in 2021 at 4.9 million sq ft over 2020 with shared offices likely to gain greater significance in the post-Covid world, according to a recent report.
The share of co-working space take-up in overall office leasing operation is poised to rebound to a 15 percent share in 2021. As per the report, over 3,000 co-working centres across the country are likely to deliver approximately one million desks by 2022. Additionally, leasing operation by the co-working segment is expected to rise by 29 percent during 2015-2022.
Although the pandemic related uncertainty in the commercial office market has impacted the growth trajectory in 2020, it is still expected to contribute about 10 percent of the overall leasing operation in 2021 and 2022.