WeWork Report Sketches Company’s High Ambitions in Asia
By 2020 the total space leased by coworking operators in the biggest cities in India could potentially stand at 7–9 million square foot, according to the report
A research report published in July as a collaboration between WeWork and the India branch of investment management company Jones Lang LaSalle, IP, Inc. (JLL), estimates that by 2020 the total space leased by coworking operators in the biggest cities in India could potentially stand at 7–9 million square foot. The report puts the size of the potential market in India at 12-16 million residents. The coworking juggernaut currently has 175,000 residents, in over 220 locations worldwide, according to a WeWork spokesman.
For daily updates, subscribe to our newsletter by clicking here.WeWork currently has seven India locations: four in Bangalore, three in Mumbai, and an additional location opening soon in Delhi NCR. WeWork’s plans for India are part of wider expansion plans the company has in Asia. With the inauguration of Beach Centre, its first Singapore location, earlier this month, WeWork marked its 200th location worldwide.The company’s Asian push includes new partnerships in China and India, further offices in Singapore, and deep local market research.