Among the gloomy real estate sector, one sector has managed to shine amid economic slowdown i.e. Commercial office space. The sector has shown consistent growth against all odds and one of its best performers is Co-Working Space.

Coworking spaces have changed the traditional way of working. Globally number of Co-working spaces has grown by 3050% since 2010 while the number of people working in these facilities has exploded by close to 8,000% in the same period, according to Statista Dossier. In India, this sector is gaining a strong foothold at a fast pace.

Demand for office spaces in 2019 increased by 128% from last year – as reported by Edelweiss. The report presented by Edelweiss further state that co-working space’s share in overall leasing rose from 10 percent to 13 percent during 2019. The co-working phenomenon is gaining wider acceptance with the mainstream Indian occupier as big corporates today constitute approximately 50% of the overall client roster.

Co-Working spaces are opening up in every available opportunity in major Indian cities & that’s not all. The co-working space providers like Regus, Awfis & Wework are aggressively pushing to spread across Tier-2 & Tier-3 cities. Almost 200 big & small Co–Working space providers are currently operating in India, with even OYO now entering into this segment with their acquisition of Innov8.

The massive demand for co-working spaces in the country by freelancers, start-ups and even the big MNCs is beyond dispute. The big reason for their popularity is their cost efficiency for start-ups and established firms as they save money in office interiors, property maintenance, and other fixed capital investments. If carefully handled this has the potential of becoming one of the biggest sectors of the Indian start-up ecosystem.