Divesh Shirsat
Regular Member
- Joined
- Jan 23, 2017
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Coworking spaces are not only hot in Mumbai (according to our research there are over 130 coworking spaces in Mumbai, Thane & Navi Mumbai!), but across all cities across the Globe. And their increasing popularity can be seen by looking back a few years ago where there were fewer than ten coworking spaces in Mumbai to the current number mentioned, but it’s not only the number of coworking spaces in Mumbai that is increasing, it’s the size of the office spaces for rent in Mumbai which they are occupying that is most impressive.
Without discussing specific developers or coworking spaces in Mumbai as it hasn’t seemed to hit the press, there is one Indian based coworking space that is taking up more than 50,000 square feet and is the anchor tenant in a brand-new project in north Mumbai. And the coworking space goliath, WeWork, has taken up an entire commercial building in BKC! This, of course, is WeWork, so an outlier, but we bring it to show the potential of coworking spaces in terms of the sizes in which they can take up office spaces for rent in Mumbai and elsewhere.
With that said, most coworking spaces in Mumbai that we have come across on our aggregator are under 5,000 square feet. The office space for rent sizes seems to be only growing as these firms become more and more successful.
From our view, as long as the prices stay reasonable at 7,000 to 15,000 rupees per month per seat, we think the coworking space in Mumbai scene will only grow. However, the competition is fierce and it’s hard to say whether or not the demand for coworking spaces in Mumbai, Thane & Navi Mumbai will continue to be so strong. From our own experiences in talking to sales teams at various coworking spaces in Mumbai, we have found that many of their office spaces for rent are nearly at full occupancy with many at over 95% (again it’s the salesperson talking, but even if you discount it at 5-10%, it’s pretty darn impressive).
Let’s see how many more large office spaces for rent coworking spaces in Mumbai take up for the rest of this year and next year. We wish them all the best and happy to be working with many of them.
Without discussing specific developers or coworking spaces in Mumbai as it hasn’t seemed to hit the press, there is one Indian based coworking space that is taking up more than 50,000 square feet and is the anchor tenant in a brand-new project in north Mumbai. And the coworking space goliath, WeWork, has taken up an entire commercial building in BKC! This, of course, is WeWork, so an outlier, but we bring it to show the potential of coworking spaces in terms of the sizes in which they can take up office spaces for rent in Mumbai and elsewhere.
With that said, most coworking spaces in Mumbai that we have come across on our aggregator are under 5,000 square feet. The office space for rent sizes seems to be only growing as these firms become more and more successful.
From our view, as long as the prices stay reasonable at 7,000 to 15,000 rupees per month per seat, we think the coworking space in Mumbai scene will only grow. However, the competition is fierce and it’s hard to say whether or not the demand for coworking spaces in Mumbai, Thane & Navi Mumbai will continue to be so strong. From our own experiences in talking to sales teams at various coworking spaces in Mumbai, we have found that many of their office spaces for rent are nearly at full occupancy with many at over 95% (again it’s the salesperson talking, but even if you discount it at 5-10%, it’s pretty darn impressive).
Let’s see how many more large office spaces for rent coworking spaces in Mumbai take up for the rest of this year and next year. We wish them all the best and happy to be working with many of them.