Top Co-Working Space in Bangalore

Coworking trends 2017

Coworking has long been a side project of overcrowded cities. It’s role was providing tech hubs for entrepreneurs and freelancers. In 2017 that will be over as we see plugand play office space growing up into the collaborative workplace. Modern facility managers will borrow the name to attract a like-minded crowd into much larger, professionally run and flexibly paid spaces. If one was asks themselves– why does this happen? And there are in fact a few good reasons for it. Property owners as well as corporate enterprises love it!

Why property owners love the concept

When talking about the social workplace it’s easy to get excited by the traditional start upbusiness office space values like collaboration, openness, community, accessibility and sustainability. However like any movement that is going mainstream there are a few very cold, hard reasons for it. It seems that property owners and building operators are understanding those very well:

More return per sqft: The return per square foot can be around 300 percent of the return of an average leased space

Less vacancy: The small unit size from a single desk to a small suite makes facilities lean. Should there be open seats they can be quickly filled with one of the tenants on the waiting list.

Brand increase: Uplift of low profile building or even area

“Growing” tenants: Instead of getting into

Tech inside: No need for the landlord to think about the technology. Shared office space inBangalore operators bring the tech stack with them as a service.

Enterprises are on board too

Now the other group that gets excited about offering office space for entrepreneurs are the corporate companies. Call it social or collaborative workplace or lean enterprise – similar to landlords there are a few good reasons for them to buy in:

Local advantage: For many different industries it makes sense to have someone on ground for technical support, sales, community or management.

Recruiting: Relocating is a big decision and some talent might be easier hired if they can stay in their current city or choose they favorite city.

Instant ramp up: Finding an office, signing a long lease, hiring an interior architect, equipping it with the necessary technology takes 6+ months. Who has that time today?

Staying up to date: Exchanging new ideas, software tools or tech experiences with coworkers makes you think out of the box and helps stay at the cutting edge.

No technical overhead: Professional coworking operators provide enterprise level infrastructures from internet to printing or video conferencing and room booking.