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Co-working supply to hit 125 mn sq ft by 2027, says Icra
Financial Express Pune
|May 08, 2025
THE FLEXIBLE /CO-WORKING office supply will increase at a compound annual growth rate (CAGR) of 21-22% during FY25-FY27 and reach ~125 million square feet by March 2027 from ~80 million sq ft as of December 2024 for the top six cities—Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune, a report by rating firm Icra showed.
Leasing activity remained strong for flex workspaces with absorption of ~13 million sq ft against supply of ~14 million sq ft in FY24, supported by healthy demand from enterprise clients, startups and domestic corporates, Icra said, adding that this trend reduced the vacancy levels by 300 bps to 17% as of March 202
This story is from the May 08, 2025 edition of Financial Express Pune.
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