WeWork and CoWrks jostling for co-working provider space in metros

In the past six months, CoWrks had acquired 700,000 sq ft and launched seven centres across Bengaluru, Mumbai, the NCR and Chennai

WeWork and CoWrks, two of the biggest co-working space providers, are aggressively lapping up office properties in a bid to compete with each other in big cities.

WeWork India, promoted by Bengaluru-based property developer Embassy group’s Virwani family, is a joint venture (JV) with WeWork of the United States. CoWrks is promoted by another Bengaluru developer, RMZ’s Menda family. Both have taken properties of about 700,000 sq ft each in Mumbai, Bengaluru, and the National Capital Region (NCR), among other cities in the past six months.

WeWork has leased five properties with a total of 670,000 sq ft. It plans