How coworking spaces have become a hot property for office real estate sector
23 April 2019 1:52 AM GMT
How coworking spaces have become a hot property for office real estate sector The coworking industry is the talk of the real estate town these days. Everyone is wondering whether it is here to stay or just a fad. JLL?s Emerging Trends Report indicates that the total amount of space taken up by cow
- JLL's Emerging Trends Report indicates that the total amount of space taken up by coworking space providers in seven major cities has tripled from 1.1 million sq ft.
- There are a few reasons that has led to the emerging of a whole new segment in the commercial real estate market.
- Overall, the commercial real estate sector has consistently grown, and the demand in India continues to boom.
- The setting up of Real Estate Regulatory Authority (RERA), the soon to be launched first Real Estate Investment Trust (REIT) of India, surge in new company set up, and increased FDI inflows are precursors to the consistent growth we are about to see in this part of real estate.
- Since there is something for everybody, the coworking segment further entrenches itself into the real estate market.
Next Story
