Leasing by co-working operators sees 4-fold jump

Co-working operators have leased 2.9 million sqft of area, largely office space, during January-March 2019 across seven major cities - a jump of nearly four-fold from the year-ago period, to meet rising demand for shared and flexible workplace, property consultant CBRE said. Co-working players had leased just 0.8 million sqft space in the corresponding period of the previous year, according to a CBRE report 'India Flexible Space Quarterly Digest– Q1 2019'. Most deals by flexible space operators (98 per cent) were closed in office spaces, and the remaining in mixed-use projects in Q1 2019.