India Co-Working Office Space Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Indian Co-Working Office Space Market Report is Segmented by Type (Flexible Managed Office and Serviced Office), Application (Information Technology (IT and ITes), Legal Services, BFSI (Banking, Financial Services, and Insurance), Consulting, and Other Services), End User (Personal User, Small Scale Company, Large Scale Company, and Others), and Key Cities (Delhi, Mumbai, Bangalore, and Other Cities). The Market Size and Forecasts for the India Co-Working Office Spaces Market are Provided in Terms of Value (USD) for all Above Segments.

India Co-working Office Spaces Market Size

India Co-working Office Spaces Market Summary

India Co-working Office Spaces Market Analysis

The India Co-working Office Spaces Market size is estimated at USD 2.08 billion in 2025, and is expected to reach USD 2.91 billion by 2030, at a CAGR of 7% during the forecast period (2025-2030).

  • In 2024, the India co-working office spaces market size experienced a remarkable upswing, driven by a shift towards flexible work environments. Co-working operators leased a record 12.5 million square feet of office space, marking a 44% year-over-year increase and capturing 19% of total office space uptake. This surge underscores the growing reliance of businesses on agile and cost-efficient workspace solutions, positioning co-working as a crucial component of corporate real estate strategies.
  • Bengaluru, Gurugram, Hyderabad, and Mumbai continue to dominate the India co-working office spaces market share, with Bengaluru leading leasing activity due to its thriving startup ecosystem and the presence of Global Capability Centres (GCCs). Co-working spaces are increasingly preferred for their scalability, collaborative work environments, and ability to support hybrid work models, all of which are fueling India co-working office spaces market trends.
  • Financially, the sector is witnessing unprecedented growth. Annual rental income from flexible office spaces is set to rise by 60%, surpassing INR 14,000 crore in FY 2023-24, compared to INR 8,903 crore the previous year. This growth is propelled by the expanding footprint of flexible workspace operators and an increase in average seat prices from INR 9,200 to INR 10,400 per desk. Additionally, occupancy rates have surged from 75% to 90%, reflecting the heightened demand for co-working spaces.
  • With government policies promoting entrepreneurship and innovation, the India co-working office spaces market forecast indicates further expansion. Industry projections suggest that total flexible office stock could exceed 100 million square feet in the coming years, solidifying co-working spaces as an integral part of India's evolving office real estate landscape.

India Co-working Office Spaces Industry Overview

The Indian co-working office space market is fragmented, with global and local co-working market players. Some of the key players in the market are 91 Springboard, Awfis, WeWork, and Mumbai Coworking. Also, many more are entering the need to fulfill the rapid demand for casual environment offices. Companies in the Indian co-working office space market are involved in several growth and expansion strategies, such as strategic partnerships, mergers, and acquisitions, to gain a competitive advantage.

Additionally, major operators such as WeWork India, BHIVE Workspaces, and The Office Pass have expanded their portfolios to meet rising demand. The market's annual rental income is projected to rise by 60% to over INR 14,000 crore in the fiscal year 2023-2024, up from INR 8,903 crore in the previous fiscal year, reflecting increased seat prices and occupancy levels. 

India Co-working Office Spaces Market Leaders

  1. 91 Springboard

  2. Wework

  3. The Hive

  4. Awfis

  5. Mumbai Coworking

  6. *Disclaimer: Major Players sorted in no particular order
India Co-working Office Spaces Market Concentration
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India Co-working Office Spaces Market News

  • December 2024: Chennai, responding to robust corporate demand across diverse sectors, introduced an estimated 12-13 million sq ft of premium office space by 2026, as highlighted in a report by CBRE South Asia Pvt Ltd, a prominent real estate consulting firm. Presently, Chennai hosts around 250 Global Capability Centres (GCC), collectively employing over 150,000 professionals, which represents roughly 11% of the nation's total GCC talent.
  • October 2024: WeWork India expanded its portfolio with the launch of WeWork 37 Cunningham in Bengaluru, marking its 61st building. Spanning 61,120 square feet, the new facility boasts 891 desks distributed over four floors. The company highlighted that the facility showcases a premium design, incorporating sustainable elements and offering distinctive services.

India Co-working Office Spaces Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Current Market Scenario
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Increase in Number of Startups
    • 4.2.1.2 The Development of Sustainable Co-working Spaces
    • 4.2.2 Market Restraints
    • 4.2.2.1 A Rise in Remote Work
    • 4.2.2.2 Traditional Work Culture in India, Which May Not Align Well With the Open and Collaborative Environment of Co-working Spaces
    • 4.2.3 Market Opportunities
    • 4.2.3.1 Enhanced Technology Integration
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers/Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Government Regulations and Initiatives
  • 4.5 Industry Value Chain Analysis
  • 4.6 Technology Trends in the Market
  • 4.7 Insights on Co-working Startups in India
  • 4.8 Impact of the COVID - 19 Pandemic on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Flexible Managed Office
    • 5.1.2 Serviced Office
  • 5.2 ByApplication
    • 5.2.1 Information Technology (IT and ITES)
    • 5.2.2 Legal Services
    • 5.2.3 BFSI (Banking, Financial Services, and Insurance)
    • 5.2.4 Consulting
    • 5.2.5 Other Services
  • 5.3 By End User
    • 5.3.1 Personal User
    • 5.3.2 Small Scale Company
    • 5.3.3 Large Scale Company
    • 5.3.4 Other End Users
  • 5.4 By Key Cities
    • 5.4.1 Delhi
    • 5.4.2 Mumbai
    • 5.4.3 Bangalore
    • 5.4.4 Other Cities

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Mumbai Coworking
    • 6.2.2 We Work-BKC
    • 6.2.3 Innov8-Vikhroli
    • 6.2.4 91 springboard
    • 6.2.5 Spring House Coworking
    • 6.2.6 Indi Qube
    • 6.2.7 Skootr
    • 6.2.8 Awfis CBD
    • 6.2.9 Smartworks
    • 6.2.10 Goodworks
    • 6.2.11 Cowrks
    • 6.2.12 Hive*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

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India Co-working Office Spaces Industry Segmentation

Co-working is an arrangement where workers of different companies share an office space, allowing cost savings and convenience using common infrastructures. A complete background analysis of the Indian co-working office space market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and the impact of the COVID-19 pandemic is included in the report.

The Indian co-working office space market is segmented by type (flexible managed office and serviced office), application (information technology (IT and ITES), legal services, BFSI (banking, financial services, and insurance), consulting, and other services), end user (personal user, small scale company, large scale company, and others), and key cities (Delhi, Mumbai, Bangalore, and Other Cities). The report offers market size and forecasts for the Indian co-working office space market in value (USD) for all the above segments.

By Type Flexible Managed Office
Serviced Office
ByApplication Information Technology (IT and ITES)
Legal Services
BFSI (Banking, Financial Services, and Insurance)
Consulting
Other Services
By End User Personal User
Small Scale Company
Large Scale Company
Other End Users
By Key Cities Delhi
Mumbai
Bangalore
Other Cities
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India Co-working Office Spaces Market Research Faqs

How big is the India Co-working Office Spaces Market?

The India Co-working Office Spaces Market size is expected to reach USD 2.08 billion in 2025 and grow at a CAGR of 7% to reach USD 2.91 billion by 2030.

What is the current India Co-working Office Spaces Market size?

In 2025, the India Co-working Office Spaces Market size is expected to reach USD 2.08 billion.

Who are the key players in India Co-working Office Spaces Market?

91 Springboard, Wework, The Hive, Awfis and Mumbai Coworking are the major companies operating in the India Co-working Office Spaces Market.

What years does this India Co-working Office Spaces Market cover, and what was the market size in 2024?

In 2024, the India Co-working Office Spaces Market size was estimated at USD 1.93 billion. The report covers the India Co-working Office Spaces Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Co-working Office Spaces Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Co-working Office Spaces Industry Report

Statistics for the 2025 India Co-working Office Spaces market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Co-working Office Spaces analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Co-working Office Spaces Market Report Snapshots

Compare market size and growth of India Co-working Office Spaces Market with other markets in Real Estate and Construction Industry

India Co-Working Office Space Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)