Shared serviced workspaces continue to ride a crest in the commercial real estate market and could spread beyond the scale of what merely is referred to as co-working space. Total leasing volume of co-working spaces in India was 1.2 million square feet in 2016 and is estimated to be around 10 million square feet by 2020. The Founders estimate that there are close to 5,000 start-ups in the country at present, eyeing flexible serviced office spaces for the convenience that they offer. And this number is estimated to be around 12,000 by the year 2020. The duo at "Smartworks" believes that, against this landscape, the company is well on track with over 33% of the market share, to be key player in the field.