These Days Linkster’s Generation start working on their ideas at early age and because of this we see more and more startups coming up. To promote these startups government has also taken initiatives like Startup India program (https://www.startupindia.gov.in/). But with every startup the first requirement is office space which is a big dent in the pocket at early stage. But these days entrepreneurs have got a solution to this: Coworking spaces.
In Tier 2 cities Coworking space is gaining momentum and as many as 13 million people are expected to work out of coworking space in India by 2020.Everyone including Freelancers, startups and big Corporates are shifting to shared office space setup as they get all facilities inclusive in one single price.
A Coworking Space has Hot Desk for Digital Nomads & Freelancers, Dedicated Desk for Professionals, Cubicles for growing startups and Private Cabins for Corporates along with Training Rooms, Discussion Rooms, Breakout Areas, Pantry, Reception and other common facilities. When all such brains work at similar place, they get opportunities to network and grow with each other and that is what the underlying magic of co -working space.
There are multiple benefits of using Coworking Space and few are shortlisted below.
Plug and Play office space
No burden of overhead costs
Zero Capital Cost Involved in Setting up a office and easy to bootstrap your idea
Networking And Growing opportunities
Competitive Environment to grow
Surrounded by Optimistic and Like Minded folks
No hassles to manage office administrative staff.
Business Growing Opportunities
People who work on project basis and in particular season also prefer such space in spite of leasing commercial space for long tenures. As they just need to pay rent for the period they use. Its very flexible as you can book your seat, team box or a private cabin for the hour, day or month you use.
Situation in Tier 1 & Tier 2 Cities in India
Coworking spaces like Innov8, 91 Springboard, Wework India, Redbricks In tier 1 cities like Bengaluru, Mumbai, Delhi, Pune and Hyderabad host top companies of the world. They target MNC’s and provide them multiple benefits and a luxurious environment for their employees to work in.
We see a lot of businesses based out of Delhi, Mumbai & Bengaluru expanding as they get economic options in Coworking space in Jaipur and other Tier 2 Cities like Indore, Trivandrum, Raipur. Players like Oyo Coworking Space are also planning to come up in few of these cities because they have a huge customer base. Along with them managed work spaces chain like COWOCOLI is expanding at rapid stage.
The demand for shared office space is increasing and as per Inc42 report number is expected to rise to approximately 25% in the next few years. Different Segments of such spaces will be developed in coming time to cater to all sorts of working clientele like shared business centers for Corporates, Café aggregators like Primus Co Work for modern Nomads. It’s the right time you should make the best use of the optimistic environment in such workplaces. And if you are a budding entrepreneur, you may try co working option nearby.