Coworking sees highest growth in net office absorption in FY22

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.

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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%