With coronavirus spreading panic and fear, governments are looking to screen more people, companies have enabled work from home for employees and stakeholders across the country are focussed on prevention, while the cure is the burden of the healthcare ecosystem in the country. Stock markets have continued to crash globally, but businesses continue to run on limited resources and supply.
As the new-age business hubs, coworking spaces are also caught in the coronavirus crossfire. Currently, 10% of office spaces are occupied by coworking and are expected to rise to approximately 25% in the next few years. As per a report by real estate consultancy firm CBRE, in Q1 2019, the coworking segment witnessed a 277% an upsurge in leasing to nearly 3 Mn sq ft. The sector grew by 70% every quarter.