What is Co-Working Spaces?
Coworking is an appointment during which workers of various companies share an office space, allowing cost savings and convenience through the utilization of common infrastructures, like equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcels acceptance services.
In the last decade, flexible or shared offices in India have grown at a good scale. one of the foremost popular options among flexible workplaces is coworking spaces. Coworking space in India is not any more limited to a gaggle of freelancers gathering somewhere to figure, it’s a totally developed industry with occupants from organizations of all kinds and sizes. From startups to multinational organizations, most are moving towards a culture supported remote work from coworking spaces.
The average monthly rentals for co-working spaces is between Rs 18,500-28,500 per desk, while it hovers between Rs 24,500-30,000 per desk for traditional office spaces. The benefits of co-working spaces can be made evident from the fact that 71% of the co-workers reported a rise in their creativity levels after joining the co-working space. 90% of the people said their creativity graph rose and 62% said their standard of work had tweaked.
Coworking spaces not only provide real estate solutions and hassle-free management but also offer an ideal platform for members to leverage business opportunities. With so many diverse companies sitting next to each other, the interactions are seamless and collaborations aplenty.
Future of coworking:
It may become the future of coworking space. The goal is to create a long-term and sustainable solution even after the COVID’19 ends. Employers should move towards a hybrid work model, so when people get back to their normal routine and work, the office should be a safe place for them.
On average, 40% of coworking spaces are profitable, according to responses to the second Global Coworking Survey. This initially disappointing figure masks some more complex factors. … The second Global Coworking Survey shows that 72% of all coworking spaces become profitable after more than two years in operation.