BANGALORE: Co-working spaces are popping up across Indian metros as well as tier-II cities, providing startups with flexible working options at affordable rents.
According to Jll India, at last count, there were more than 100 operators in this space across India, though there is still very limited supply of co-working spaces available.
However, this segment is slowly but surely moving into boom mode across India, given the many advantages that such spaces offer, cost-efficiency, employee motivation and retention, increased productivity.
“Firms focused on agility who house their innovation teams in co-working spaces can induce a quicker learning curve to integrate them into the entrepreneurial ecosystem,” said Ramesh Nair, CEO & Country Head, JLL India.
Certain co-working operators will prefer leasing out parts of or the entire areas of their co-working office spaces ‘anchor tenant’ corporates. In other words, co-working operators and corporates will move into a ‘hybrid’ sort of space and increasingly rely on each other.
“The perfect option for companies who need their client servicing teams close to their respective client sites in locations with low office vacancy,” he said.
Source – ETRetail