Office Rental Facilities
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These are organizations whose business models are primarily based around taking a piece or several pieces of real estate, cutting it up into smaller pieces, adding services, and sub-leasing the space out at a profit.
The market is made up of businesses that, for one reason or another, require the privacy and services of an office without necessarily wanting to lease an office of their own. That might mean one-man operations or large teams.
They compete on location, price, and services. Some are more full-service than others. Sunshine Suites positions themselves as offering lots of basic business services for an extremely affordable price, while something like eEmerge caters to an audience interested in prime midtown location and higher end services.
Startup Incubators
These are places whose models are a little less straightforward, as their success is defined by the growth of the companies they house. They are often subsidized by an entity whose interest is in economic development, like government agencies, or investment firms who hope to discover promising young companies to add to their portfolio.
The market is specifically people with ambitions to build high-growth companies, who do not already have access to what they would need to build their businesses.
They always have an application process of some kind. You must fulfill some basic criteria which may include the number of principals, the age of the company, the amount of existing funding, the existence of a prototype, and the industry the company operates within.
Coworking Spaces
StartupHuts is a cosy & comfortable co-working space in Bangalore started by IIM & IIT alumni. Created for freelancers & startups, these are organizations that offer membership to a community of like-minded people in a central gathering space. While some may treat these memberships as effectively the same thing as what one might find in an office rental facility, a coworking space does not compete as one.
Uniquely, coworking spaces are often organized organically as a community first before a business entity is formed. They tend to be part of a startuphuts that generally subscribes to core values of community, openness, collaboration, sustainability, and accessibility.
Coworking spaces are open to all who play nicely. They almost always offer a drop-in option, so you need not even be a member to participate. Membership options generally range from single days to 24×7 access, with part-time options offered in between.
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