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'Office space leasing by co-working players to fall 58% in 2020 due to Covid'

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Bengaluru, Hyderabad, Chennai and Pune.In its report, Savills said it "expects 3.4 million sq ft of take-up by coworking players in 2020, recording an 11% share of the total office leasing activity".The overall leasing activity is expected to reduce significantly in 2020 as against 2019, owing to delayed decision making by the occupiers, the consultant said but expected the numbers to increase steadily over the next two years.As per the data, leasing of office space by co-working players in Bengaluru is estimated to fall at 1.1 million sq ft in 2020 from 2.3 million sq ft last year.In Hyderabad, it is likely to drop to 1.1 million sq ft this year from 2.1 million sq ft.The Delhi-NCR market will see co-working players leasing at 0.2 million.

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