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What is happening in the coworking space market?

Discussion in 'Real Estate Discussions' started by Jidnyasa Sardesai, Apr 11, 2018.

  1. Jidnyasa Sardesai New Member

    Coworking space has now become a marketplace! Originally Coworking started for two reasons:
    Economy - People pooled in resources and shared workspace for an efficient and economical workspace. This reduced capital costs and became easy for smaller organizations to start working on their ideas.
    Community – Like - minded people shared their workspaces so that there is a greater overlap of time and new ideas can be generated. Also this created an opportunity for the community to get together and implement ideas that are difficult to take up as an individual.

    Now, in the present scenario, coworking spaces in Mumbai has become an alternate version of a serviced office space in Mumbai. More and more coworking spaces are sprouting up that are merely a conversion of rented facilities. They are a new generation business centre; rather than working from individual cabins, people work from a shared space.

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