How Co-working is Disrupting Bangalore’s Office Dynamics
New age businesses in Bangalore are witnessing a radical
shift in office space dynamics driven by cost optimization policies as well as
solutions to cater to a younger workforce. For long however the Bangalore
commercial real estate market was constrained to larger office set-ups, with
huge fixed costs and lengthy lock-in periods. But with the arrival of
millennial workers combined with a growing entrepreneurial culture there is a demand
for ‘Flexible’ and ‘Smaller’ real estate alternatives. Business owners are
slowly adapting the idea of collective working or Co-working, which enables
them to share not only physical workspace, but also ideas and synergies. Co-working space in Bangalore provides
innovative office space solutions without making huge investments in large
format properties.
For larger enterprises and businesses the challenges are
different and range from urban traffic obstruction, long distances, increased
travel time and pressures to diminish capital and operational expenses while
all the time retaining top talent. This has led to amplification in
telecommuting and remote working. On the flip side, working from home or remote
locations like hotels, cafes, airport lounges, can have their own set of
challenges. Limited access to facilities and lack of control over surroundings
including internet and printing, as well as difficulty in monitoring employees
and weakening productivity is compelling businesses to rethink their
operational best practices. This has led to businesses turning to flexible and
agile working solutions in the form of Co-working, hence the growth in Co-working space in Bangalore.
In addition, Co-working firms act as a liaison between demand
and supply bridging the gap through fully fitted centers, which provide members
with necessary amenities such as high-speed internet, scanners – printers,
multiple seating options, meeting rooms with audio – video capabilities, complementary
food and beverages, parking space and mail – handling facilities. The plug and play office in Bangalore also
gives the flexibility to address the concept where an owner offers an
individual the permission to use the address virtually for business purposes is
another important aspect of Co-working.
New age Co-working firms enable employers to analyze
building access patterns, internet and printing usage, collaboration zone
interactions and interaction through access cards, CCTV, and POS. The access to
big data allows corporate and startups to map and examine employee trends that
can be beneficial for enhancing productivity and engagement. Co-working, as a
concept, has emerged as a game changer in the real estate market in Bangalore.
Today there are numerous Co-working spacesin Bangalore who are trying to surge ahead and make a difference in working
conditions of the employees giving them freedom to work at their own pace. The liberty
to choose one’s workplace, ease of interactions with peers and the array of
services offered by Co-working space inBangalore is contributing to this growth.
Great blog ! thanks for sharing such a nice information.
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