Demand for co-working spaces surges due to flexible work, high realty costs

According to the 'India Real Estate Q3' report by Knight Frank, the country recorded office transactions of 16.1 million square feet during the July-September quarter

Co-working spaces in Bengaluru are seeing a huge surge in demand driven by startups looking for a flexible work environment with premium amenities while cutting rental costs on owned properties. Bengaluru tops the list of cities with the highest available stock of flexible office space in the Asia-Pacific (APAC) region, according to a CBRE report.

Sheer economies of having facilities like a boardroom, uninterruptible power supply (UPS) room, cafeteria, recreation room, all under one roof without worrying about the bulk expense, is yet another reason for companies opting for shared work spaces.

Managed workspace providers such as Indiqube, Urban Vault,