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Future of Co-working spaces in Mumbai

Discussion in 'Mumbai Real Estate' started by christypereria, Jan 12, 2018.

  1. christypereria New Member

    Coworking is a style of work that involves a shared workplace, often an office, and independent activity. Unlike in a typical office, those coworking are usually not employed by the same organization.
    Future of shared office spaces in India

    The CBRE 2017 Asia Pacific Occupier Survey Report says that the future of shared office spaces and workplace flexibility looks bright in India. There are a lot of multinational as well as large corporations of the Asia-Pacific region that are planning to enter the Indian market. Due to an upsurge in the foreign outsourcing and investment in the country, the number of office spaces increased manifold. From just 1.4 million square feet in the year 2001, the number increased to 15.2 million square feet in the year 2015.
    Benefits and reasons for choosing shared spaces to work
    Even though it was just freelancers and entrepreneurs of small companies who were utilizing the facility, now even the large organizations are also eager to rent co-working spaces in Mumbai to develop any specific department or for special training facilities.
    The average cost of renting office spaces in metropolitan cities like Mumbai, Bangalore, or Delhi is generally very high. Moreover, if the office is at a prime location in the city or has modern amenities, the cost is double! However, this is not the case with renting a co-working space. Most of the office spaces are charged on an hourly or per seat basis. The amount of money that one needs to pay to use any specific space generally includes sharing the conference rooms, reception, kitchen, as well as fax and telephone. The rent, administrative costs, maintenance costs, pantry, as well as utility costs are divided. Thus, having a virtual office Mumbai by renting coworking office spaces is economical as well as convenient.
    Best for start-ups
    Renting startup incubators in Mumbai let the small and newly established companies to easily replace the traditional working styles easily. This is a trend that allows the employees to adopt newer working patterns. Shared offices often have superior internet connectivity. A company putting office on rent in Mumbai will offer different kinds of tech support too to the people working there.
    Apart from flexible working environment and timings, shared spaces offer a place where one can brainstorm new ideas and learn something new each day. There are no special cubicles, no dress codes, and often no hierarchy. According to a recent report by the CBRE the total space for coworking-office leasing is going to increase to around 10 million sq. ft. by the year 2020.

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