3. A boon to Start-Ups With
defined rates for the
services offered and pay-
as-you-use model, has
given a boost to the Co-
working or shared office
space culture in India.
The start-up culture still
growing in India and the
international players have
also begun to show interest
in the co-working segment.
4. WHY CO-WORKING
It helps small company and
freelancers in achieving the
common goals in less time.
It can be said that the co-working
workspaces are here to stay in
5. PRESENT MARKET
In the last three years, the demand for flexible co-working spaces in
India has tripled. In the last year 2017 alone, India witnessing a
leasing of more than 1,5 million sqft. At present, the leased co-
working is at 2.5-3 million sqft and is estimated to touch 9-10 million
sqft by 2020.
As per the Colliers International reports on India Office Property
Market, Bengaluru leads (35%) in providing a maximum number of
flexible office space, followed by Mumbai (18%). The momentum
gained in this alternate workspace is expected to grow more in
coming times with more diversity of jobs and careers.
8. TRENDS SHAPING THE CO-
WORKING SPACE CULTURE:
Here we are sharing what we believe as the top trends contributing to the evolving nature
of co-working spaces.
Tech-Savvy Millenials Favouring Nomad Culture:
This new generation loves their work and take it as an extension of their lifestyle. They
prioritise their work with built-in flexibility in time and space like the one provided by
Spacewhiz.com, so that they can travel and explore another part of life also.
Corporations embracing Co-
Corporations are softening its stand of working style and embracing practices pioneered
by co-working environment.
Technology Shaping the Co-working Culture:
Technology has helped in a great deal to shape and growth of co-working culture.
All co-working spaces are prospering on the power of technology.
9. Presently, this attractive and fast-growing segment in India
is expected to receive $400 million investment by 2018.
In the future, with ever-evolving nature of technology and
millennials experimental nature, may improve the co-
working culture in all its legal and infrastructural criteria.
In no doubt, Co-working spaces are gradually emerging as
India's default working ecosystem.
Siddharth S. Nair