Witnessing a huge growth in the last few years,
Reports say that there are around 300 coworking spaces across metropolitan cities like Bangalore, Delhi, Gurgaon, and Mumbai. This concept has turned out to be beneficial to startups and small businesses giving them the opportunity to have their own professional workplace at affordable prices.
India alone will see investments of almost $400mm in coworking spaces. The demand for shared office spaces in India has gone up to a level that by 2020 over 13 million people are expected to move to flexible workspaces for their businesses.
Here are some things to watch out for in the year 2020 for coworking spaces
1. Large Enterprises to Adapt to a Coworking Environment
Though startups and small businesses along with freelancers have been the early birds to use shared workspaces, large enterprises are also not behind. MNCs and IT companies may not always invest in luxurious office spaces with well-equipped
2.Existence in 3 Tier Cities
Already being a massive success in tier 1 and 2 cities, the market is all set to make its way to the tier 3 cities. There are a lot of ventures who have started their operation in small cities and also witnessed a similar growth compared to tier 1 and 2 cities. With the government’s support and initiative to promote entrepreneurship, coworking spaces will go and grow wherever needed.
3.Major Growth for Tier II Market
In the last few years, this industry has seen major growth in tier-II cities and is believed to continue with the same trend for more years to come. Bangalore, Delhi, and Mumbai consist of the maximum number of shared office spaces, while cities like Indore, Kochi, Ahmedabad, and Chandigarh are getting ready for this new trend in 2020.
4. Automation in the Picture
All this and a lot more coming up for coworking spaces in the years to come.
With seamless connectivity, flexible workspace, and various added advantages, Gopalan Coworks offers office space for rent in Bangalore that is ideal for both small businesses and large enterprises. Each business idea has its own challenges, at Gopalan Coworks aims to bridge the gap between an idea and its success.