The Coworking, Shared Office space

The new sharing economy is changing the way business has traditionally been done across industries. The commercial real estate industry is no exception. Just like Uber and Lyft have disrupted the hired car industry and Airbnb is upsetting the hospitality industry, the trend of coworking, or shared office space, is revolutionizing commercial real estate.

Cosharing is changing the face of the traditional office

In a rapidly changing world success and how we define it is changing as well. Around the web and in the developing shared office space in Bangalore folklore are tales of coworking efforts gone awry. Many in the coworking ranks have heard about Startuphuts in Berlin which still hasn’t recovered from a failed 2008 execution. Some have attributed this stunning failure to mismanagement and others chalked it up to the expensive desk rental rates.

People who use coworking space in Bangalore are seeing their work as meaningful. Unlike legacy offices, coworking spaces are generally made-up of individuals working for an assortment of different companies, ventures, industries and projects. Because of this, there tends to be less direct competition or internal politics, thus eliminating the need to put on a work persona to fit in. Often, the culture in coworking spaces is to help each other out.

They have more job control. Members can generally access the plug and play office space round the clock, which permits them to put in a long day if they are working on a deadline, or take a long break in the middle of the afternoon to go run errands. They can also choose to work in a collaborative space where they can interact with other members, or work in a quiet space when they need to focus. The shared office space in Bangalore offers a sense of structure in their professional lives. 

The Coworking spaces in Bangalore are a source of wholesome nourishment packages that are enabling the startups spawn their innovations from the initial stages itself. The incubators eventually mentor the startups to institute their business empire with proportionate improvement in quality of their services. Some incubators in Bengaluru are specific about the kind of services they offer. Some are involved in prototyping, others only help in early-stage funding, mentorship or support start-ups that build applications based on the Aadhaar platform.

While Rome was not built in a day, likewise are the great global business establishments of all eras. Making the route simple are the Business incubators helping the startups en route their dreams into becoming successful consortium’s.

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