6 Reasons for the increasing popularity of Coworking Office Spaces

Coworking office space is a fast-growing trend and has now become the growth center of the startup ecosystem. Although, over a decade ago, the concept had begun simply with an idea to make use of basic infrastructure and resources which are otherwise not provided by the traditional official spaces or even houses failed to provide. In the beginning, it was the start-ups who’d expanded their cubicle-based official space and desired for a flexible and reasonably priced space for their rising business. With time as the number of entrepreneurs grew, so did a desire to work together to generate and exchange ideas.

Eventually, with the rising entrepreneurial spirit, the popularity, as well as the number of co-working spaces, has flourished in India, with more and more number of professionals craving to get the authority to decide for themselves how and when they can work, flexibility, and an environment that encourage and motivates them. Today, these spaces offer tremendous potential to entrepreneurs and other independent professionals, working in a communal setting. These coworking spaces have caught the attention of larger corporations as well, who are expecting to trim down their office space and reduce expenditure. Let us find out the reasons why the concept of coworking spaces are gaining popularity.

Affordable

Coworking office spaces are cost-effective when compared to traditional official spaces. Affordability is lauded as one of the main reasons for the gaining popularity of coworking spaces in India.  These spaces offer important cost benefits depending upon their location and available facilities. These spaces provide the ability to hire out only the needed space and one is not bound to buy the entire official space, which can be expensive.

The Opportunity to Flourish

Working at home can sometimes be quite a lonely task, missing on construction and social contact. Alternatively, Co-working spaces have put forward an encouraging environment where individuals have greater possibilities to flourish and attain their full potential. These working spaces offer interesting business opportunities to real estate market and have emerged as an appealing choice for property owners looking out to make efficient use of vacant floor spaces.

Extremely Flexible

Another added benefit of co-working spaces is that they are extraordinarily flexible. As these flexible spaces are designed according to the quality and capability of company’s need. Co-working spaces encourage well-organized and finest usage of the space. These spaces also offer flexibility in their rental agreements and results in increased productivity, improved networking, and a higher level of freedom as compared to traditional workspaces.

Sense of Community

The concept of coworking promotes a sense of community. Coworking spaces are best for the people who love to share their office space with the professionals belonging to the different line of work. Coworking spaces augment the social facets of work life as opposed to traditional work spaces where the sense of loneliness prevailed even amongst the crowd. These spaces offer not only an opportunity to act together with other like-minded people but also a platform to share concern and requirements. It enhances the work experience as well as helps in building a team.

Improved work/life balance

A recent survey states that 90% of the people feel more confident when co-working. The reason for this is the improvement in work/life balance. Working from home can be a difficult task when it comes to managing your daily chores with mounting deadlines and workload. As coworking space generally available 24/7, the individuals can decide how and when they want to work depending upon their needs and situations without any repercussions. It also allows you to keep your work outside of the home. Work-life balance is something for which the majority of people strive for each day. Work only when you want to, according to your own schedule and rules.

Networking- Key Point

Coworking spaces share out various interesting opportunities to network proficiently. Networking is vivacious at co-working hubs. These spaces allow people to meet and work with other entrepreneurs and freelancers belonging to the different sector and make valuable connections with them. A strong network of professionals proves to be a valuable tool for the success of businesses which is why this concept is gaining popularity among the start-ups, freelancers as well as large industries.

So now when you know the reasons for the growing popularity of the coworking space, then are you ready to join their community and to engage with the people who think and work like you? You have a freedom to lead your life according to your needs and situations. If you’re looking to set up a new business, shifting your private office from relaxing couch, or renovating your company’s place in the modern market, then selecting a coworking space is the best option. If you want to know more about the coworking space, then contact us or leave your comment.