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The emphasis on user experience and technology as a transformation tool has led to coworking emerging as a niche asset class. C&W estimates the global flex space inventory is about 125 million square feet (msf), with nearly 27 msf of it located in India. Globally, the workforce utilization of coworking is likely to double in the next 5 years and the fastest growth is expected from APAC,where China and India are contributing to more than 2/3rds of the flex space inventory as of today. A recent occupier survey by Cushman & Wakefield in conjunction with CoreNet Global has revelated that nearly 57% of the CREs have a positive view of coworking. In fact, the employee base currently utilizing coworking on a regular basis is expected to grow five-fold over the course of the next five years.