We all understand that we spend majority of the day at work and our mental health depends on how our working environment is, how our colleagues are and how effective we are daily. As one of the high-growth workplace movements of the final decade, co-working empowers people from diverse backgrounds to work combined in a common space. The performance of start-ups, freelancers, and other businesses has undoubtedly changed due to the COVID-19 pandemic. From recent year, the flexible working options have acquired an immense expedite. 33 percent of today’s manpower is currently consisted of independent or freelance professionals.
Co working space for start-ups
Instead of fascinated to work from home, so multiple start-ups and organization owners are now finding a shared office space in India as the most awaited choice. To your amusement, it doesn’t just start-ups who are hiring for like a set-up, and major MNCs and corporate houses wonder utilizing this choice for their back-office work.
Well established businesses, organizations, and companies, anchor their roots and spread their branches with a considerable workforce and workplaces across geographical locations. Start-ups, freelancers, innovators, and the like are those who should consider working in coworking spaces. This is mainly so to help them jump over hurdles and save them unnecessary expenditure over several things. Many small business owners and startup teams have discovered this perfect fit for their companies.
The lift of shared office space in Chennai
Co-working is rising and modifies the way we are utilizing office space. Co-working spaces ought to be flexible and improved at the same time. In a city like Chennai, Coworking is roaring in past times owing to the style of start-ups and business incubators being on the rise. The advance development of co-working spaces turns a reach which is being followed by the world these days. It has cause about an important shift from owing a profitable coworking office space that accuses the capital.
Cabin factor at coworking spaces is widely driven by the BFSI sector, besides the usual request seen from IT and ITES sectors. What is upgrowth to this demand pick up is more lower tech companies which had given up their office spaces now choosing to work out of co-working spaces with a fiery desking model.
Key factors behind the development of coworking spaces in Chennai
Cost-effective option
Whether it’s a startup, SME, or sometimes big MNCs – don’t wish to develop an office from scratch due to various reasons. Instead, they look for visually attractive, fully furnished, and hygienic flex office spaces that give the feel and look of a premium office but at the portion of the cost of leasing a traditional office. This fund can easily be used to promote your business or better its core areas.
Friendly work environment
Coworking spaces in Chennai tend to be highly interactive, which means employees of a particular company can continue to have the feel of their earlier office and can steer clear of boredom easily.
Read also: “Why Coworking Spaces are in Demand?“
Lifestyle benefits
Apart from industry-leading amenities such as 24/7 access, reception, HR, admin, security, housekeeping, etc., some leading coworking spaces in Chennai also offer lifestyle benefits. Having associated with various service industries, they can offer their members with the ability to enjoy exclusive aids in those sectors.
Wrapping up
Coworking spaces are going to be the next big thing with their classified benefits at a significantly affordable price. These facilities offer the ideal solutions coupled with the necessary flexibility and top-class features sans the hefty capital cost of renting a separate office or building new office space.
Future Trends
Flex office space driver companies are transforming into handled space operators, wherein they are offer the whole center to a single tenant looking for quality space with little flexibility. This trend will remain in the future, too.
To cash in on this opportunity, big players from the property sector are also turning their concentrate to it. A paradigm shift in the coworking industry is on the incus as an era of flex office spaces is here to keep. The industry is expected to grow by 40 to 50% by the later this year itself.”
The Evolution Of Work
The way in which we work stay to evolve over time. Coworking spaces are still just a minor part of the industry, but this style of work is winning steam and popularity. It’ll be attractive to keep an eye on how this industry moves and what it means for freelancers, small business, and bigger companies alike.