Coworking Market Size to Double Over Next 5 Years at 15% CAGR – CII-ANAROCK Report

Flexible workspaces are the preferred way to adopt the hybrid work model in a post-pandemic world, compared to options like changing existing office layouts or the hub-and-spoke model. This, among other factors, will potentially double the market size of coworking spaces over the next five years at a CAGR of 15%, reveals the latest CII-ANAROCK report ‘Workplaces of the Future.’

Currently, approx. 35 Mn sq. ft. of flexible office stock is available across the country. Of this, approx. 71% or 25 Mn sq. ft. is by the large operators. Approx. 3.7 lakh flexi seats are currently spread across the major Tier I and Tier II cities of India.

A survey conducted by ANAROCK via LinkedIn further validated the emergence of the hybrid work model as the future of Indian offices. 65% of respondents were convinced of the high potential of hybrid or remote working in India, while just 35% did not favour these models.