8 months ago
Top 10 coworking operators dominate India's flexible workspace market
India has a lot of coworking spaces, with the top 10 companies controlling most of them.
These spaces are very popular, especially with big companies that have offices in India.
The biggest cities like Bengaluru, Delhi, and Pune have the most coworking spaces.
Experts think that by 2026, there will be even more of these spaces, maybe even 100 million square feet worth.
This is because more and more companies want flexible workspaces to grow their businesses.
Top 10 coworking operators control 67% of India's 82.3 million sq ft flexible workspace stock.
Bengaluru leads with 33.2% share, followed by Delhi-NCR (20.4%) and Pune (14.7%).
Over 475 coworking centres host Global Capability Centres (GCCs) bases.
GCCs account for over 40% of office space demand in the past two years.
Flexible workspace stock is projected to exceed 100 million sq ft by 2026.
- Who
- Top 10 coworking operators in India
- What
- Control 67% of the total flexible workspace stock
- Where
- Across the top seven cities in India
- When
- As of the latest report by Vestian
- Why
- To meet the growing demand for flexible workspaces, especially from Global Capability Centres (GCCs)
Key facts
- Total flexible workspace stock
- 82.3 million sq ft
- Number of coworking centres in top 7 cities
- 1,400
- Share of top 10 operators
- 67%
- Bengaluru's share of flexible space
- 33.2%
- Delhi-NCR's share of flexible space
- 20.4%
- Pune's share of flexible space
- 14.7%
- Hyderabad's share of flexible space
- 12.4%
- Mumbai's share of flexible space
- 9.2%
- Chennai's share of flexible space
- 8.5%
- Kolkata's share of flexible space
- 1.6%
- Number of GCC companies in India
- 1,750
- Number of GCC bases in India
- 3,800
- GCCs' share of office space demand
- 40%
- Number of flex centres hosting GCC bases
- 475
- Projected flexible workspace stock by 2026
- 100 million sq ft
Quotes
Shrinivas Rao
CEO of Vestian, a real estate consultant
“As India’s GCC landscape continues to evolve, flexible space operators will remain indispensable partners, offering flexibility, faster speed to market, and enterprise-grade infrastructure that global companies require, to scale efficiently in a highly competitive market.”
thehansindia.com
