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In the current market scenario, the preference for shared office spaces has increased. The world over, individuals and companies alike are choosing coworking office space. Did you know that there are over 19,000 coworking spaces worldwide? According to a report on the future of flexspaces, the flexible workspaces market is anticipated to grow by an average of about 15% over the next couple of years. In fact, the market penetration of flex spaces into office spaces in total is expected to increase up to 4% this year. The spurt in growth can be attributed to increase in demand owing to the agility of these office spaces for rent. The innovative, customized offerings of flex space operators contribute majorly to the steady growth trajectory of flex spaces.

What is the Concept Behind a Coworking Space?

Coworking spaces are also called shared office spaces. People seek to leave the isolation of a home office or the constant noise of a coffee shop, so coworking spaces serve as an affordable and aesthetic alternative.

A variety of office-like features, including coworking desks, private cabins, phone booths, meeting rooms, pantry, and breakout zones are available in these shared office spaces. Freelancers, business owners, startups, and small to mid-sized teams alike who want to utilize a flexible and professional space are frequently attracted to coworking spaces.

Coworking spaces offer a safe and practical location for doing business without the hassles and distractions associated with working from home or nearby coffee shop. In addition, they provide the best services in terms of professional setups that boost productivity, adaptability to scale per your company’s requirements, and accessibility to premium locations. iKeva, for instance, provides aesthetic and functional office spaces in Hyderabad in prime IT/ business hubs of HITEC City, Financial District, Gachibowli, Madhapur, Banjara Hills and KPHB.

What are the Most Well-Known Facts about Coworking Spaces?

The increasing preference for custom-designed managed office spaces has stirred up a lot of discussion in the corporate world. Workers from different backgrounds have experimented with coworking, and business centers of all sizes are adopting flexible work settings to suit hybrid office culture.

Coworking is not just a passing trend that will decline in the commercial real estate market. Here are six points that demonstrate the demand and expansion of coworking spaces.

1. Flexibility

Coworking office spaces offer the benefit of flexibility in every area – be it price or upgrading and downsizing or even timings. You may easily afford coworking space regardless of your status as a freelancer, startup, or business owner; You can rent amenities like furnished office spaces, meeting rooms, desks, and fully equipped office space at relatively cheap rentals as compared to traditional office spaces.

In addition to this, you will also have access to tea/ coffee/ water on the house, networking opportunities, and high-speed internet connections apart from 24×7 security and surveillance, administrative staff and housekeeping also. These coworking spaces will undoubtedly assist you in concentrating on your work and achieving greater heights.

2. Excellent Networking Opportunities

You can get fantastic networking opportunities, which is another reason why choosing a coworking center is the right professional move to make. These coworking spaces allow you to expand your network by connecting with like-minded individuals. iKeva regularly organizes interactive speaker sessions, knowledge sharing sessions, workshops, and other networking and mentorship events. You’ll collaborate with people from various industry verticals, diverse cultural backgrounds, including startups, bloggers, investors, designers, IT, education, and other industries.

3. Better Accessibility

One of the most crucial factors to consider while looking for a shared workspace is the location. First, you must look for a place that is close to an IT/ business hub. iKeva’s centers are all located in premium and accessible locations of Bengaluru, Hyderabad and Mumbai. Your team can easily commute to these locations as they are well-connected by any means of public transport. These locations save your time and money on commuting.

4. Encourages Collaborative Workspaces

The more you collaborate and connect, the more you get to learn more from the individuals and companies around you. Fully furnished plug and play office spaces for rent are the best office spaces for learning and personal growth. The members of coworking spaces encourage one another to learn new things every day, which ultimately produces better results.

Coworking space in Bangalore is one of the main reasons your work life thrives in managed office workspaces. Working alongside talented, dedicated individuals allows you to quickly pick up new skills that will always benefit you in the future.

5. A Productive Alternative to Working from Home

One of the main complaints of freelancers is that they frequently experience isolation and inefficiency while working from home. But on the other hand, working from coffee shops can be costly and there could be lots of disturbance. The ambience is more suitable for casual conversation rather than work.

Thus, freelancers can use plug and play office spaces as a base of operations, plug their laptops in and complete their work. Additionally, most coworking spaces feature fully equipped meeting rooms with AV conferencing facilities available to members and non-members, giving working individuals the perfect location for business calls and client meetings, and that too anywhere within the city or country, and even abroad.

6. Best-in-class Amenities

It is a myth that coworking spaces are expensive. The reality is that these office spaces for rent are quite affordable for startups and freelancers alike. Additionally, you can upgrade or downsize according to your team’s requirements. There is no restriction for expanding or contracting office space. Moreover, you can get best-in-class amenities such as restricted access control, 24×7 power backup, high speed internet and WiFi, reception and courier management, security and surveillance, and lots more. Thus, these coworking spaces provide a safer, better work experience and have an edge over conventional office spaces.

Quick Wrap Up

Working whenever and wherever you choose is now possible thanks to coworking spaces, which have updated the traditional office setting. Shared workspaces are agile, aesthetic, and productive work environments. For teams who travel frequently and work remotely or even hybrid, the growth of coworking spaces has provided various solutions, from building networks to establishing a routine and stability. Piqued your interest? If you want to experience workspaces along with community and member benefits, experience iKeva today!