The rising demand of co-working space

The rising start-up population has a common thorn in their garden – Real Estate. Villas became apartments, then studios and even bedsits. Large offices became cubicles. The rising population of business nomads, freelancers and entrepreneurs demand even more flexible options.

Let’s welcome and embrace the evolution of shared offices and co-working spaces. The perfect solution for a startups, freelancers or even a SMEs. Get a fully equipped, furnished office with all the amenities on your flexible terms.

There has been a tremendous increase in demand for co-working spaces in India and this trend is only rising. This stable upward trajectory is mainly attributed to the flexible low-cost office facilities, professional space and eco-system provided. The number of members using coworking spaces globally has been steadily increasing year on year and is predicted to reach one million by 2018. Coworking is centered on creating space, which supports collaboration, openness, knowledge sharing, innovation, and the user experience.

Demand for coworking space has been driven by the growth of creative and tech industries as well as the changing nature of work.

Technology is a key enabler of this trend. The rise of technology has made virtual offices and shared offices a great option. The numbers of startups have also risen in the last few years. These small factors are actually bringing in huge structural changes in the market and disrupting the real estate lease terms. Today even bigger office space providers are coming with more pleasing décor, better facilities and shorter lease terms.

Mobile technologies and personal devices have made working remotely from a variety of locations much easier. While this has fuelled the growth in home working, companies and their employees increasingly see the value of being part of a collaborative environment in the longer term–something which is at the core of coworking.

Collaboration and camaraderie are other reasons why many choose the shared offices and co-working route. Entrepreneurs also favor co-working spaces because it fosters increased collaboration, which in turn improves start-up success.

While start-ups and entrepreneurs are driving a large chunk of the demand for co-working spaces, industry insiders note that established businesses are also starting to explore it as a cost-effective alternative.

With a growing number of companies looking to tap into these benefits, it is only a matter of time before shared offices becomes an integral part of the corporate real estate toolkit.

Shared Offices and Coworking is being used by companies to support the wider strategic agenda around collaboration, innovation, flexibility to their employees as well as talent attraction and retention. These strategic pressures around performance and efficiency are encouraging companies to focus more intently on workplace strategies. Coworking is conducive to knowledge sharing, provides access to new networks, and allows companies and their employees to tap into ideas they would not normally have exposure to.

Organizations that aspire to innovate and want to tap into entrepreneurial culture simply cannot ignore the new emerging wave of shared offices and coworking. Coworking is a cost-efficient way of creating a flexible environment, but, most importantly, it can provide a range of intangible benefits for companies looking to improve their competitive position.

a href=http://spacewhiz.comhttp://spacewhiz.com is an online portal of work spaces like commercial offices, co-working spaces, private cabins, conference rooms and training rooms.