Co-Workings Rise in India #commercialrealestate #india

Why It Matters

The rapid rise of co-working reshapes leasing economics and asset-management strategies for landlords and developers, requiring more flexible product offerings and faster adaptation to tenant preferences. It also influences investment decisions and office space planning as a significant portion of future demand moves toward flexible solutions.

Summary

Brigade Group’s co-working brand BuzzWorks began as a value-add within the developer’s own commercial portfolio, offering tenants a mix of flexible and traditional long-term leases. Before the pandemic co-working comprised roughly 5% of India’s office market absorption; post-COVID that share surged to as high as 26–28% in some periods. In 2025, with roughly 80 million square feet of office absorption, co-working accounted for about 20–25% depending on the market, signaling a large-scale tenant shift toward flexible space. The change reflects growing demand for hybrid and flexible leasing models across Indian commercial real estate.

Original Description

Nirupa Shankar, Joint Managing Director of Brigade Group, discusses the rise of flexible workspaces in India and her role in delivering value to clients.