The startup eco-sphere has been continually growing across all the major cities in India and despite the occasional lull, the various global giants in the office space industry have noticeably shown a considerable amount of interest in the co-working segment. A large number of startups are now looking forward to cutting down on the operational costs of owning or renting exclusive office spaces. This cut down on the operational expenses is enabling the startups to invest more funds in the core business like increasing the production or retaining the talented employees by offering them the desirable higher pay packages. The co-working spaces have become highly popular due to the model of pay-as-per-use with reasonable and defined rates for the set of offered services.
Also, these shared office spaces have certain unique amenities like a food court, crèche services, gaming zones, spa, gym, sleeping pods etc. These all extra amenities have made these offices even more popular. All these amenities boost the morale of the staffs very positively which eventually enhances productivity. The presence of the daycare facilities provided by the trained staffs also brings a great relief to the working couples who can focus well on their work without compromising on their responsibilities of parenthood. The office spaces also have a great atmosphere with great aesthetics and interior design. These factors create a un-cluttered and relaxed environment in these office spaces which alleviate the work stress that is being often experienced by the professionals.
Trends in the co-working spaces expected in 2018
These shared office spaces offer a lot of cost savings which is also coupled with the chances to network with the other entrepreneurs operating from the same work space for achieving certain common goals. So, these shared offices are certainly here to stay and evolve in 2018. Irrespective of the high potential that these shared office spaces have, there are also certain factors which can prove to be obstacles in their rapid expansion. These factors include the following: