Business Standard

Co-working space demand rises in H1 even as IT sector share dips

Average monthly office rentals rise across cities, highest in NCR and Hyderabad at 5%

Co-working
Premium

Average office rentals in MMR were the highest among the top seven cities, at Rs 128 per sq ft, and were the lowest in Kolkata at Rs 53 per sq ft

Pratigya Yadav New Delhi
The decision of businesses to ask employees to return to office has spiked the demand for co-working spaces by 14 percentage points year-on-year in the first half (H1) of this calendar year, says a report by Anarock. This increase came despite a significant reduction in the information technology sector’s share of such spaces.

In H1, the share of co-working spaces was 20 per cent out of a net absorption of about 20.8 million square feet across the top seven cities in the country-—the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata. In contrast, in H1

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 12 2022 | 5:13 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com