Co-working operators lease 10.8 mn sq ft area in 2019, up 26%: CBRE

The overall stock in flexible space market rose about 60 per cent from about 19 million sq ft in 2018 to touch 30 million sq ft in 2019

Co-working operators leased 10.8 million sq ft area during 2019, up 26 per cent from the previous year, taking the total stock under flexible work space to 30 million sq ft in the country, according to property consultant CBRE.  CBRE on Wednesday released its report  'India Flexible Space Digest – 2019' which suggested that demand for flexible workspace would continue this year and leasing could touch 10-12 million sq ft.  The flexible space leasing touched 10.8 million sq ft in 2019, CBRE said, adding that Bengaluru and Hyderabad accounted for about half of the flexible space take-up in India.

The overall