While retailers are vacating the shopping centers, the mall owners are using this chance to get more creative with these spaces. Sometimes it’s about some experimental concept using design elements and sometimes it is all about a complete revamp.
There is no secret in the fact that a lot of retailers are changing these empty places into coworking spaces. This move has its advantages as it can lead to increased footfalls as well as a potential for revenue.
This concept is turning out to be interesting and profitable for a lot of retail spaces. Going by history, retail was never an option for any project, but in today’s scenario, it’s more about building a community than anything else.
Retail as a service is an added advantage and gains a lot of traction because of the flexible payment options, various amenities in a contemporary environment where like-minded people meet, connect and accelerate.
According to reports, coworking spaces have reached to 3.44 million sq.ft. between 2017 and 2018. With the increasing demand for online shopping and stores being shut down at malls, the co-working revolution has come as a savior and is offering huge relief to big retail.
The coworking spaces bring various benefits along with it which includes comfortable and pleasant working environments, unlimited facilities, well-stocked pantries, seamless connectivity, and because it is situated in a mall, you can work, enjoy a movie, and also shop under one roof.
With the increasing number of startups as well as small businesses, the retail industry is leaving no stones unturned to grab this opportunity and enjoy the benefits.
Be it the location or the seating capacity, shared office spaces are not only benefiting the startups but have also become an attraction for enterprises.
The idea of shared office space in the retail industry is gaining momentum, and the retailers in coworking spaces are adding a mix of lifestyle and culture to this entire concept.
Gopalan Coworks at the Gopalan Signature Mall, Innovation Mall, and Promenade Mall offers the right environment you require to take your business to the next level.