Has Covid-19 Marked the End of Coworking Spaces? We don’t think so!

COVID-19 in the span of just a few months has altered the way an employee works and a company navigates in its day-to-day life. Businesses all around the world have adjusted their operations in an effort to put an end or at the least to slow down the spread of the COVID-19.

The concept of social distancing and experimental remote working may lead one to think of a future where “working from an office” is no longer a necessity. However, we believe that not everyone is equipped and ready to manage the “work from home/remote working” situation.

The switch from an office to work from home has been seen to come with its pros and cons. Despite its benefits, remote working is found to be very distracting depending on the employee’s household situation. Kids, electricity, internet connectivity/Wi-Fi, network and other factors may contribute to the drawbacks of working from home and thus leading companies to opt for a coworking space in proximity to an employee’s home to ensure commuting time is minimal and also work can be carried out with lesser distractions.

We see the increase of virtual offices in cases where distractions are lesser and the level of productivity remains the same or in some situations show an increase, companies have decided to continue the work from home lifestyle and this may also continue after the COVID-19 Pandemic has passed.

Long term contracts with office space providers would entitle a company to pay a rent as per their agreed/defined contract even if the space is not being utilized. This payment had been a major struggle to many companies who were faced with tangible setbacks and losses within their respective businesses during this COVID-19. The flexible terms of coworking – For Example – No lock-in, no deposit, etc., has led to the shift from conventional/traditional offices to coworking spaces.

The pandemic has resulted in many setbacks seen by businesses, start-ups and freelancers. The key to a stable ground is through networking (community) and coworking spaces were always known to fuel connections and drive businesses. Connections made between different employees from various fields/backgrounds in a coworking environment could be a potential investment/client

Thus we see businesses adding the possibilities of further lockdowns & restrictions to their future plans and are working towards finding flexible terms for their rental agreements. This would ensure that if/when a similar situation arises, they would be able to benefit from the flexible terms, various offers/options, cost efficiency, amenities, and vicinity along with the safety measures offered by coworking space providers.

Located in the prime commercial area – Anna Salai, Chennai, The Executive Zone is a selection of high-spec serviced office suites spreading across 25,000 square feet area with refined ambience and stately elegance located at Chennai’s most popular business address.

How to choose the best co-working space and how The Executive Zone fit in

Co-working spaces have become extremely popular in the last few years. Without a second thought, it is a great choice for start-ups and budding entrepreneurs to network and collaborate with like-minded professionals. Large companies adapt to co-working spaces to economize, network and fuel employees’ creativity.

So, what are the key things one should look for while choosing the right co-working space in Chennai? Let us walk you through the process and see how The Executive Zone falls under this category.

Location

This is the first but obvious criteria when it comes to company establishment as you’re most probably going to choose a co-working space with a dazzling address. The Executive Zone provides you with a prominent yet fancy address of 766, Anna Salai, Chennai. Nevertheless, it’s important to check out where the location is situated in terms of transport and the neighbouring area. The Executive Zone is located just near Spencer Plaza bus stop and is at a walkable distance from Thousand-Light metro station. It is a non-stop connection through bike, car and provides ample parking space. Anna Salai is a commercial hub in Chennai, in proximity to a number of Bank head offices, Malls, Cinemas, Hotels, Restaurants, and IT companies.

Value for Money

Unfortunately, money tends to become the key factor for most company decisions. Value for money is what comes to mind when choosing a co-working space. The price spent on a seat should be returned as satisfaction. The Executive Zone has a price range starting from Rs. 9000/shared space and the services provided is on par with worldwide best co-working spaces. The atmosphere, affordable plans, location, facilities, meeting spaces along with event access are top amenities that drive value for money.

Flexibility

A co-working space is where professionals canwork on a daily, weekly or monthly basis as per their flexible time. While most start-ups use co-working spaces and have a set timing, once in a while, you may want to switch up your working hours. So, choosing a space with flexible timings or longer working hours are noteworthy points. It is always better to choose a 247 access co-working space. The Executive Zone provides its clients with 247 access and flexibility to change plans according to their needs.

Infrastructure

It is really important for one to visit the co-working space in order toverify if the facilities are comfortable enough and suit the needs of your employees. Things like seating arrangements – table and chairs(comfortable forlong working hours), accommodation(for visitors), Wi-Fi, office stationery, printers, scanners and more.The Executive Zone is spread across 25,000 square feet area with access to over 8,000 square feet of shared space. Itprovides state of the art facilities and is equipped with quality reception area, business lounges, 2 cafeterias, 7 diverse meeting rooms, 50-seater amphitheatre and phone/skype booths.

Security

In a 24*7 co-working space, it is important to pay attention to have a space where you feel secure to leave your work and belongings overnight. It is important to check the security measures, especially if the place is open all day and all night.The Executive Zone has CCTV, bio metric access, manned security guards, fire alarms, etc. for the safety and security of the centre and its clients.

Coffee, Food, Perks

As the workspace helps your productivity, it is equally important to find a co-working space that provides unlimited coffee for refreshment. Most spaces provide 24*7 availability of refreshment and other compliments. The Executive Zone has umpteen food options, tea, coffee, filtered water for your refreshment and if you think you need a break, come try our foosball table.

High-speed internet

If you are using internet for emails and uploading heavy files to the cloud, you should move your work to somewhere with a strong and reliable internet connection. Most co-working spaces ensure that the Wi-Fi is at top speed, but it is a good foresight to enquire and test it yourself during one of your co-working space tours. The Executive Zone provides 100 Mbps speed internet connection for your seamless browsing, video calls, file transfer/upload etc.

Privacy

Co-working environment is a great opportunity for increasing efficiency for freelancers as it helps them to focus. Some people like to work in collaboration whereas some like to work in private. Some spaces are uncomfortable for work, others feature excessive chatter from community members. The other option is to hire a separate cabin which might be expensive for a freelancer. Privacy in shared work space is very hard to find, be it for productivity, phone call, video call, business meeting or for a personal peace of mind. A good infrastructure can provide privacy in shared space too. The Executive zone has boxes, meeting rooms, lounges and even a skype/phone booth to keep your conversations in private and work in focus.

Office environment

Did you know that lighting, temperature, moisture and noise are very important factors silently affecting your productivity?It is noteworthy that your ambience is supportive for your mind to focus. Also, there’s nothing that could help you and your business grow faster than learning from your peers. Community mixers and events offer this opportunity. You can find your inspiration or a solution to your current problem from the unexpected sources! The Executive Zone has a client base across various fields for better opportunities to network and collaborate.

Visit The Executive Zone at Anna Salai, Chennai, to check out the ideal and optimal work environment and infrastructure facilities available in the centre.

How Co-working spaces adapt to new normal

With the impact of the Covid-19 pandemic taking effect in 2020, adapting to the current situation and the changes it brings in every business is inevitable. The Indian economy is slowly bouncing back to a “new normal” and most industries – including co-working spaces are re-inventing their business model to adapt to a post pandemic life.The ability to nest a strong community spirit determined to win in these trying times will bat well for the co-working industry.

The Covid-19 pandemic and the prolonged lockdown has brought about a realization among MNCs that co-working spaces have the potential to change the dynamics of a workplace forever.

To face all the challenges, let us see a few steps that are deemed as new normal –

Office tours go virtual

Virtual office space tours have become inevitable with lockdown restrictions in placeto pause travel (onsite visits). Whether through Skype or Zoom, businesses are still planning for the future by looking for office space as the virus spread recede. There is an increase in clients opting for virtual office tours, thus providing a 360 degree view of the space enables prospective tenants to have a fully immersive experience.

Virtual office gains attention

Although teams are working from home, businesses need an address for business continuity. Clients are benefitting from the virtual offices services, such as – reception services, a business mailbox and mail management at an economical price to help with day to day operations.

Attracting offers

Co-working spaces are in hunt for new clients. A lot of new ideas are infused to attract the new customers as well as existing ones. Some co-working spaces are offering new members rent-free occupation for up to two months (based on the duration of the agreement) and flexible leasing arrangements to support businesses as they return to the office. Other space providers are offering discounts like 15% off for the first three months.

Safe Secure Sanitized

Some employees need to function out of an office due to lack of technology and distractions around the home, during this pandemic era we see many companies using private office space to accommodate their team members who are unable to work from home. Workspaces have now implemented stringent cleaning measures, including cleaning services every few hours, top-grade disinfectant across all surfaces and social distancing setups which provide adequate spacing between occupants.

More than just a space provider

We see Co-working providers evolve from just being shared workspace providers to being fully integrated workspace solution platform for their clients. Co-working players are providing unique experiences and engagements by offering state of the art amenities and managing the complete building ecosystem by bringing events and community focus to the occupants. It also offers products to the entire spectrum of work requirements including co-working, enterprise solutions and remote working.

The Executive Zone has adapted itself to the changes brought about by the Covid-19 and are ready for the “new normal”. With more safer, more secure and updated workspace environment located at Chennai’s most popular business address – Anna Salai, we offer a selection of high-spec serviced office suites for a better future.

Why do you need an office in Anna Salai?

Anna Salai, formerly known as Mount Road is a high-capacity urban road in Chennai, India. It is one of the most important roads in the city of Chennai with head offices of many commercial enterprises and public buildings located along Anna Salai. Having a business card with an address in Anna Salai is a prestigious affair for most business people. The days of expensive offices at Anna Salai were gone with the arrival of co-working spaces and that too with an affordable rate. Let us walk through why Anna Salai is a big deal when compared to other parts of the city.

Landmarks

Anna Salai has no shortage for landmarks. With major landmarks like the LIC Building which is Chennai’s first skyscraper, Thousand Lights Mosque, St. George’s Cathedral, Mount Road Head Post Office, The British Council, Victoria Institute, Spencer Plaza, many well renowned schools like Christ Church, Church Park, Headquarters of Indian Overseas Bank, State Bank of India, Major flyovers, Hotels and Malls, Anna Salai is one of the most well connected and active places in Chennai.

Entrepreneurs Hub

We see many start-ups, entrepreneurs and freelancers looking to set up offices in Anna Salai due to the resourceful surroundings and the opportunity to connect with almost all the services that are required by the entrepreneur in the vicinity. An emergence of co-working spaces in Anna Salai has only increased the networking opportunities for the entrepreneurs. The events like leadership summit, Entrepreneur Workshop, Founder Café, Startup Funding etc are a great boost to entrepreneurs as it happens often in Anna Salai stretch.

Connectivity

Anna Salai, is the second largest road in Chennai and is more than 400 years old. With easy access to most destinations, it provides connection to major roads like Poonamallee High Road, Chennai Airport, Tambaram, GST Road, Parrys, Chennai Central, Chennai Egmore railway stations and many more. The Chennai Metro rail and MRTS along with the frequent bus service makes it easy to commute to work on a daily basis. No road is as well connected as Anna Salai in the Chennai city.

Located in the prime commercial area – No. 766, Anna Salai, Chennai, The Executive Zone is a selection of high-spec serviced office suites spreading across 25,000 square feet area with refined ambience and stately elegance located at Chennai’s most popular business address.

The Executive Zone comes up with a brand-new office in Anna Salai

The Executive Zone (TEZ), is a Chennai-based coworking space providerin Shakti Towers, Anna Salai. Founded in 2017with around 300 desks, it offers an energetic atmosphere where you can meet and network with other like-minded professionals on top of your regular work.

TEZ has opened one more centre in the same location adding new desks, private cabins,multiple meeting rooms, phone booths, cafeteria and other state of art technologies.

The Executive Zone provides private offices, coworking spaces / dedicated hot desk, virtual office, etc., for the flexibility of its clients. “Our centre is spread across 25,000 square feet area with access to over 8,000 square feet of shared space with facilities and state of art provisions equipped with quality reception area, business lounges, 2 cafeterias, 7 diverse meeting rooms, 50-seater amphitheatre andphone/Skype booths”, says Prateek Bhandari, Director of The Executive Zone.

The centre is also equipped with acoustically treated office space, client service area, break out zones, event space to host more than 100 members. “We provide all the office equipment necessary to conduct your business efficiently and a community to boost employee satisfaction. We assure you that we shall do our best to offer you utmost flexibility and deliver the best solutions for you and your company”, he added.

Every professional, either from MNCs, start-ups or freelancers, appreciatethe flexibility of their own hours or schedule without the isolation. A feeling of community is created for those that would otherwise be forced to work alone at a coffee shop or at home. “We conduct a lot of events, workshops, tech-talks, etc. This provides the chance for small teams to interact with others in the space. We also help entrepreneurs find a co-founder for their start-up by connecting the right people at the right time”, Prateek said.

“Our co-working space comes with a whole lot of amenities and we provide you a complete business environment. Our amenities include 24*7 access, dedicated phone number, furnished office suites, unlimited internet usage, mail and package handling, two/four wheeler parking, café equipped with refrigerator & dishwasher, separate veg microwave, fresh infused water, first-time basic installation of phone and internet, electricity and water, office supplies (printers, copiers, shredder, paper, pens, notepads, etc.), dedicated community team, wellness initiatives, privileged in-house rates for meeting rooms, invitation to all our networking and community events and so much more”, said Daniel Jayakar, Community Manager of The Executive Zone.

This co-working space in Chennai include three key co-working principles:

  • A collection of like-minded people with similar interests and values
  • Emphasis on community
  • Space available for co-working and events

In addition to culture, one of the advantages of these spaces is the ability to rent out only what you need instead of an entire private office space, which can be expensive. Through various membership models, costs will vary and allow for flexibility. These include options for daily fees or monthly fees.Membership costs also differ based on whether you opt for a shared desk or a dedicated one. The cost of a co-working desk starts from Rs. 9000/- and private office starts at Rs. 15,000.

Interested to visit or book a desk at The Executive Zone?

Email us on connect@executivezone.in or call +91 95000 57100