Co-Working Office Space Leasing Drops 43% in Q1 2025 Across Nine Indian Cities

09 Apr 2025 CW Team

In the first quarter of 2025, co-working operators leased approximately 2.16 million square feet of office space across nine major Indian cities, marking a 43 per cent decline compared to the 3.76 million square feet leased during the same period in 2024. This reduction led to a decrease in their share of total office leasing transactions from 22 per cent to 12 per cent.?

Despite this downturn in the co-working segment, the overall gross leasing of office space experienced a 5 per cent increase, reaching 18 million square feet in January-March 2025, up from 17.1 million square feet in the corresponding period of the previous year. This growth indicates a robust demand for office spaces in the broader market.?

Co-working operators typically rent office spaces from property owners to establish flexible workspaces, which they then sublease to a diverse clientele, primarily corporates. Major players in this sector include WeWork India, Smartworks, Awfis, Incuspaze, Simpliwork Offices, and IndiQube. The demand for such flexible managed workspaces had seen a significant rise following the COVID-19 pandemic, as companies sought more adaptable office solutions.?

The nine cities analysed in this report are Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, and Kochi. The data suggests that while the co-working sector faced challenges in early 2025, the overall office space market in these metropolitan areas remained resilient, with traditional office spaces witnessing increased leasing activity.?

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..