Mumbai, Bengaluru see spurt in office leasing by co-working companies

Mumbai and Bengaluru — touted as the country’s financial and infotech capitals, respectively — have seen a sharp spurt in leasing by co-working space providers.
 
The leasing of co-working space went up about 2.4 times to 550,000 sq ft in Mumbai in 2017 from 160,000 sq ft in 2016, according to property data analytics firm CRE MATRIX.
 
Bengaluru has seen a 43 per cent jump in leasing by co-working space firms. Last year, the city witnessed a leasing of 1.15 million sq ft co-working space as against 770,000 sq ft in 2016, CRE MATRIX said.
 
Across major