Co-working operators provided on lease 7,068 desks in January-March across Delhi-NCR, highest since December quarter of 2019, amid rising demand for flexible workspace from corporates and others, according to JLL India.
Education, consulting and technology companies led the leasing demand for flexible seats.
The demand for managed office from enterprises was high and they contributed 75 per cent of the total leasing of flexible seats during the January-March quarter of this calendar year.
"What is interesting to note is that most of this leasing demand was for managed office space by enterprises who were looking for a more customized flex space with a focus on end-to-end amenities and workplace management," the consultant said. During 2022 calendar year, 21,299 seats were leased by co-working operators, of which 65 per cent demand was for managed office space.
More than 28,000 seats were leased by flex operators during the 15-month period from January 2022-March 2023. During this period, 67 per cent of the seats (around 19,000 seats) were for enterprise solutions or managed office space.
Around 58 per cent of the enterprise leases (around 11,000 seats) were of large size for 300 seats and above per deal.
Most of the demand (61 per cent) for flex seats in the same period (January 2022 to March 2023) was driven by domestic firms. Startups accounted for 38 per cent of this demand as it provides flexibility in lease tenures, the ability to scale up or down in shorter turnaround times, and agility to position different project teams across multiple locations.