Co-working is a growing trend in plenty of major cities nowadays. Co-working is a boon; it is a blessing to those who cannot afford to have their own office spaces. We are well versed with the fact that the entrepreneurial environment in India is flourishing and with some great initiatives from the government, it is easier for the budding entrepreneurs to grow.
This boost has developed the need for more office spaces in India at low rates and due to this; the concept of co-working has gained momentum. Here are some of the data and figures pertaining to co-working spaces:
- In the year 2018, the number of members using the co-working spaces will hit 1.7 million and that is quite a figure.
- Globally, there will be 19,000 co-working spaces existing.
- It is estimated that by the end of 2020, 40% of the global workspace will be composed of independent workers, freelancers and solopreneurs.
- Approximately two-thirds of the existing co-working spaces is planning for an expansion in their premises.
We cannot dispute the fact that co-working is a little beyond an office and co-working allows the members to strike the work-life balance they were trying to achieve for a long time. The co-working spaces provide the members with great liberty and huge opportunities to grow.
The co-working spaces have become a trendsetter in the industry and today we will make you aware of the incredible facts about the co-working spaces in India:
- We already know that the co-working spaces offer flexible working options to entrepreneurs, freelancers, start-ups and SMEs at affordable prices. The co-working spaces in cities like Pune, Delhi, and Mumbai are providing desks, office spaces, meeting rooms and other utilities such as Wi-F, pantry, networking opportunities on a rental basis.
- When it comes to networking, nothing can beat the co-working spaces. When you have a stream of co-workers from a number of different fields, you have plenty of options to grow your network. You will have a chance to get in touch with investors, designers, writers, PR professionals and many more joining the space every day. Co-working spaces fosters a community of likeminded people. Co-working space is not only responsible to provide a physical space but it also adds value to the existing community.
- Location and accessibility are two other important factors that help the co-working space to get popular among the community. The spaces are good and profitable. Most of the co-working spaces are present in the places with excellent public connectivity and suave decors to entice the entrepreneurs. People are being diverted toward co-working spaces when they find the spaces near to their residences.
- A survey was conducted in the year 2010 by Deskmag and the survey proved that 70% of the workforce is happy with their co-working spaces. The survey was conducted in some 24 countries and it took observances of 661 people. 85% of them said that they feel motivated in this environment and 88% of the respondents agreed that co-working spaces provide them with better interaction opportunities with each other. 42% agreed that they could make more money working in a co-working environment.
These pointers should be sufficient to prove that how co-working has changed business was being conducted in the country and around the world. Things have become much flexible for the entrepreneurs and there is no dearth of opportunities for the start-ups as well.