Of net office absorption of 20.8 Mn sq. ft. in H1 2022 across top 7 cities, coworking comprised a 20% share; in H1 2021, its share was 6% of 9.33 Mn sq. ft. IT/ITeS office spaces share declined from 49% in H1 2021 to 36% in H2 2022 Bengaluru & Hyderabad account for 50% of net
Of net office space absorption of 34.1 Mn sq. ft. in FY 2022 across the top 7 cities, the coworking segment comprised a 13% share; annually coworking’s total share rose 8% The manufacturing/industrial sectors saw the 2nd highest YoY net absorption growth at about 4%, while the share of IT/ITeS and ecommerce sectors declined 8%
Coworking may be the latest rage in commercial real estate, especially now that COVID-19 has shaken up the office sector – but it is also about a lot more than that. Even before the pandemic, it was becoming clear that shared resources are the new normal in today’s economic environment which has made cab-hailing services
Currently, approx. 35 Mn sq. ft. flexible office stock available across India of which approx. 71% (25 Mn sq. ft.) is by large operators Approx. 3.7 lakh flexi seats available across major Tier I & Tier II cities Both existing & new coworking players set to expand extensively In ANAROCK LinkedIn survey, 46% of respondents
Office vacancies in Bengaluru, Hyderabad & Chennai rose the most among the top 7 cities – by 4.2%, 3.9% & 2.78% respectively in H1 FY22 vs same period in FY2021; in contrast, Pune & Kolkata saw vacancy levels reduce Increased new office completions largely responsible for higher vacancies in southern cities; these 3 cities saw
