Coworking sees highest growth in net office absorption in FY22
Commercial Design|June 2022
Post the pandemic, it was widely anticipated death certificate. Like many others, this prediction was baseless - the 'new normal' has caused coworking spaces to emerge as one of the best options for adopting a hybrid model at offices.
Coworking sees highest growth in net office absorption in FY22

Latest Anarock Research reveals that out of the total net absorption of 34.1 mn sq. ft. across the top seven cities in FY 2021-22, coworking comprised a 13% share (approx. 4.43 mn sq. ft.) In FY 2020-21, its share was just 5% of a net absorption (of 21.32 mn sq. ft.) - an 8% growth in its total share. This is the highest growth rate among all office egments.

• Of net office space absorption of 34.1 mn sq. ft. in FY 2022 across the top 7 cities, the coworking segment comprised a 13% share; annually coworking's total share rose 8%

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