Co-working spaces lease large buildings to make room for others

Awfis and Quest Offices, two co-working space providers, have recently taken on lease large office properties in the Bandra Kurla Complex area of Mumbai, according to sources.

In January, Wework, the global leader in co-working, had taken on lease 190,000 sq ft in the Sambhav building in Bandra Kurla Complex.

Awfis leased 23,648 sq ft in Crescenzo, a commercial office building, in the first week of August. It will pay the higher of the minimum guaranteed initial rent of Rs 125 per sq ft per month or 42 per cent revenue share to landlord DKJ Shelters.

Awfis negotiated a three-month