Summary:
Its increasing demand has made it lead the office space leasing business. This was mostly concentrated in the Andheri East (25 per cent), Navi Mumbai (18 per cent), LBS/Eastern Suburbs (15 per cent) and Goregaon/JVLR (12 per cent) micro markets. Among notable transactions, WeWork expanded at multiple locations with leases ranging from 90,000 sq feet (8,360 sq metre) to 214,000 sq feet (19,890 sq metre). This quarter, compared to the last, also saw 11 per cent increase in absorption. The need for workspace efficiency and collaborative work environment has increased demand for co-working space..