Why is demand for coworking spaces is increasing post pandemic?

 

While lock-down continues in some countries, India is gradually gaining its momentum, with people taking the necessary precautions. It has been months since the offices have shut down and people are working from home. We see that people have adjusted to living with the situation, and are now seeking alternatives to return to their offices. In India, companies are coming up with different strategies that are entirely different from the previous ones. Yes, most of the companies are looking for coworking spaces. In Delhi, people are looking for new spaces to open their offices. Hence, huge demand has come for the coworking space in Delhi.

 

Shared workspace in Delhi is gaining momentum. It is because employers are being called upon to develop hybrid workplace strategies and more flexible working arrangements. The shared workspace in Delhi helps companies to provide employees with the goodness of a coworking model. These hot desks in NewDelhi provide all the facilities and amenities to companies.

 

Here are five reasons why coworking spaces will be in demand post-pandemic:

 

• Flexibility
• Customized Adaptation
• Helps to build contacts and communities
• Leaving it to the Experts
• Ready for the future

 

Flexibility

 

Many companies had to deal with the crisis of paying leases during the lock-down period with heavy security deposits. It took away the cash flow of the business, and they failed to adjust to changes in the economy quickly. Now, the sharedoffice space in Delhi gives the flexibility to reduce the team, making coworking spaces crucial. 

 

Due to the pandemic, the Government has urged companies to implement flexible work hours, adequate gaps between shifts, and social distancing within offices. As a result, it has now become crucial than before for employers to have the option of smaller, or more flexible workspaces, due to the high demand.

 

Customized Adaptation

 

Due to COVID-19 pandemic, the Government has advised everyone to maintain social distancing. So, companies have to entertain the physical distance between their employees. As a result, it becomes difficult for companies to accommodate the employees in the office within the same space. The coworking space New Delhi offers modern office space for those companies who are planning to restart their business the pre-pandemic way. Coworking spaces can offer the changes required post-COVID-19 quickly in an efficient way than traditional office spaces.

 

Helps to build contacts and communities

 

Lock-down period and loner isolation might have accounted for dangerous mental and health consequences for employers. A sudden detachment from friends, colleagues and others is much tougher to adjust with. Working from home does not always favour those who want to live the office and friends life. Coworking spaces help those people to fight their loneliness and depression. Coworking New Delhi has many options for employees to build their contacts and communities with the people they meet at these office spaces.

 

Leaving it to the Experts

 

It is the worst time for the bosses because they have to deal with several things right from shutting down the office for an unpredictable period, favouring the employees to work from home without affecting their productivity, etc. So, when the rethink of a comeback to the regular office space, they should be confident about not losing the productivity of their employees and should be able to run their office hassle-free.

 

Ready for the future

 

With COVID-19, the whole world has adapted to face the challenges of the situation. Still, when the lock-down prevails in some countries, India is gaining a recovery with limited restrictions. But, companies are little hesitant to commit to a long-term lease agreement due to the number of cases spiking in the country. 

 

So, better to be prepared for the future the best way. Restrictions will continue in the future. Companies and the employees should adapt to the more changes that might arise in the country in the future.

How coworking spaces can help you transform from traditional to modern way of working

 

Gone are the days when you had to rush through your morning chores and zip through to get to your office on time and get knee deep in work. With the advancement in technology, there has also been a paradigm shift in the way people think and function. One such change is the introduction of coworking spaces that has caught on well with the modern day crowd, especially in technologically advanced cities like Bangalore. 

 

Coworking spaces in Bangalore offer independent contractors, small businesses and other employees a place to work, connect and be a part of the local business community. A shared office space in Bangalore was a totally new and undiscovered concept ten years ago. But since then, coworking spaces have totally changed the way in which workers of these days connect with the evolving business world. At present, there are over 17000 coworking spaces all over the world, which means comprehending the advantages that come along with using those spaces plays an integral part in planning your company’s success. 

 

The rise of coworking spaces and hot desks in Bangalore point to a positive direction. What this trend says is that there are workers choosing to work from a purely professional place but at the same time, steer clear of the overheads. They choose to collaborate and network better and many companies are opting to work out of shared workspaces in Bangalore as they offer spaces on rent which means it is a cost-effective alternative compared to owning a physical office space. Not only do Bangalore coworking spaces provide a space to work but they also come with other benefits that are exclusively provided to the members in that particular space. But before renting out a coworking office spaces in Bangalore, businesses must decide what it is that they are looking for. It is true that there will be distractions around but picking the right space will make the shift easier and not have an effect on the business environment. 

 

Let’s take a look at the benefits of these coworking spaces. 

 

Improved productivity

This holds true for the small and burgeoning businesses that are working out of their homes. Staying and working from homes can get challenging after a point of time as they are constant distractions. There will be household chores, it could be kids, small maintenance works and some other unannounced tasks coming your way. But by going to a shared workspace and working there, you are automatically pushed to work mode, and through that, improve your productivity. Most coworking spaces function all day, everyday, which means there is no room to worry about when a task needs to be fulfilled.  

 

Flexibility

One of the most impressive features of a coworking space is its flexibility. You can get to choose the date and time of your work and get there whenever you want. Renting a shared space gives you the opportunity to take charge of your own tasks for the day without having to report to someone or owning a traditional office space. Additionally, if at all you feel like giving up your membership, there are many flexible choices to do it. This makes it an impressive business service to be explored that you can experience and see whether it’s of your liking or not. If you like it, it’s for you to work from. If not, you can cancel it out, anytime. 

 

Cost-efficiency

Small and budding entrepreneurs might find it difficult to own a dedicated private office space. But with a shared office space, the benefits of working within that space outweighs the cost. Business owners can continue to work in spaces like these without having to rake their brains over overhead expenses like equipment cost, maintenance, electricity, internet, pantry space, cleaning workers, etc. in a tension-free environment like this, you don’t just save on money but can ensure a smooth working environment. 

 

Better networking opportunities

Working on your own means complete freedom. But things get a bit difficult when you are not provided a space to network or build a sense of community. When you choose a coworking space, you are not working alone. You are surrounded by like-minded, aspirational new business owners and members. Connecting with these people can serve as great resources for you to grow and learn from. Some coworking spaces even provide partnership and educational platforms that will help you grow and be inspired. 

 

These benefits and more are the reason why there has been an increase in the number of businesses choosing to work from coworking spaces. 

What are the Pros and Cons of Shared Office Space?

What was once seen as a freelancer’s domain has now become the preferred choice of entrepreneurs. Shared office space can be defined as the practice of two or more businesses sharing a commercially leased office. It is a space where employees belonging to different organizations work together. Although the concept of shared office space turned up only a few years ago, it has become so integrated into the work industry that it is impossible to imagine the business without it.

Companies are increasingly adopting the emerging trend of shared office spaces all over the world. Some of the factors like the gig economy, widespread start-up culture and invention of remote work apps like Slack have led to a rise in their demand and has compelled companies to look for shared office space for rent. But does that mean shared office spaces are right for your business? Here are some pros and cons of shared office spaces that every company should look out for before setting up their business.

Pros

 

• Cost-efficient: If you are a freelancer or an entrepreneur looking for a dedicated desk or private office, then shared office spaces are what you should consider. Shared office spaces allow you to pay for only the space you need and help you to scale at your own pace without the pressure of traditional long-term leases.

 

• Enhanced flexibility: The most obvious benefit of shared office space is the flexibility it offers in various areas: 

1. There are no yearlong lease requirements associated with shared office spaces. The rent needs to be paid only monthly.
2. Shared office space does not involve any upfront fees or deposits and gives founders a valuable opportunity to keep their costs down.
3. They give you the freedom to elevate or scale down your team size as per your needs.  

 

• Opportunities to network with like-minded professionals: Being a freelancer or entrepreneur can be very difficult when you do not have a sense of community. Shared office spaces give you the freedom to work all by yourself in the presence of employees from various organizations. Shared office spaces offer you the opportunity to introduce yourself to like-minded individuals that can serve as resources to help expand your business. 

 

• Access to key players and partnerships: Working in a shared office space allows an employee to gain access to key industry players to help your business grow. Carrying out operations amidst start-ups makes you more likely to attract the attention of angel investors. 

 

• Unparalleled amenities and services: Shared office spaces offer exceptional amenities and services like: 

1. High-speed WIFI
2. Comfortable furniture
3. Meeting rooms
4. Conference halls
5. Onsite assistance and support

 

• Diversity: In contrast to traditional offices, coworking spaces consist of employees from a wide range of companies. It helps them gather insights and collaborate with similar professionals. 

 

Cons

 

• Distractions: Shared office space allows employees from different organizations to work together. The employees have to face many distractions, and this leads to a decline in their productivity. In a room where everyone has a different job, one might find himself/herself distracted by others.

 

• Hours of operation: Setting up a business and running it takes a lot of time and hard work. A team working for a start-up may work for long hours. However, most of the shared office spaces shut down at 8. Hence, employees working beyond regular business hours might face problems working in a shared office space.

 

• Reduced privacy: Shared office spaces are noisy and can hamper an employee’s concentration. Moreover, there are times when an employee needs his/her own space to get the work done. These facilities are not available in shared office spaces, and hence, they result in a lack of privacy. In addition to this, there are several projects which require security and shared office space is not the place to discuss them.

 

• Lack of customization: One of the essential benefits of having your own privately leased office is branding it. The walls, furniture as well as lighting can be customized as per your needs. However, in the case of shared office spaces, customization is not possible.

The concept of shared office spaces is gaining momentum. India also sees a rise in shared office spaces in Bangalore with an upswing in their demand. However, these offices can have both positive and negative impacts on your employees and work environment. Irrespective of their growing popularity, they might not be the best fit for your business. Hence, it is imperative to keep the pros and cons in mind while considering a shared office space to set up your business.

The Changing Face of Coworking Space in the Times of Social Distancing

Could the aspects of coworking spaces and the amenities offered by them change post Coronavirus? As the lockdown eases and the restrictions are lifted, fewer employees will not be the only thing that one will notice on returning to workplaces. There are huge possibilities that your workstation, washrooms, or canteen area might also have undergone a significant change. With social distancing becoming the norm amidst the COVID-19 pandemic, workplaces are changing their dynamics to ensure a safe and healthy space for employees.

Any place or activity bringing together several people can play a significant role in spreading infection. Coworking offices encourage employees from different organizations to share a common space and work together. They are not only cost-effective but also provide good networking opportunities. With the rapid spread of COVID-19 infection, it is evident that the demand for coworking spaces wouldn’t be the same as it used to be. However, in order to build a safe and productive environment for employees, many leading coworking spaces are emerging stronger from the COVID-19 crisis through innovative ideas and design upgrades.

Here are few of the measures being adopted by coworking spaces in metropolitan cities to keep COVID-19 at bay: 

• Presence of 30% staff at a time or enhanced emphasis on shift-based timings: While working from home might seem a viable option to carry out daily operations of your workplace but certain drawbacks such as miscommunication, noise, weak connectivity, and so on can cause unnecessary delays in the fulfilment of tasks. Hence, it often becomes necessary to go to work in order to get a particular task fulfilled. However, due to the rise in Coronavirus cases, shift-based work timings are being implemented by shared offices in leading cities like Chennai so that safety and productivity are not compromised. Another option being considered by several coworking office spaces in Chennai is maintaining a 30% employee presence at a time while encouraging the rest of them to work from home.

• Change in workstations: The coworking spaces are now being thoroughly cleaned and several office furniture is being removed to make room for employees. Moreover, their pathways are also being marked with circles in order to ensure that the required distance is maintained. In addition to this, a number of coworking spaces in Chennai are also increasingly using physical barriers between desks to keep co-workers six-feet apart.

• Following social distancing at washrooms, elevators, and canteens: Office canteens are no longer going to be the same. Many coworking spaces are limiting the number of food stalls and are encouraging employees to bring their own lunch. Furthermore, tokens are being given to employees to open washroom doors along with a desk mat to lay on the desk before using it.

• Replacement of in-person meetings with virtual meetings: Despite employees being present in offices, most coworking spaces in Chennai are adopting the method of virtual meetings to interact with employees. This ensures the fulfilment of tasks without meeting people.

• Usage of contactless technology: Today’s world demands the implementation of high-end technologies to reduce physical contact. Several coworking spaces have started making use of these technologies. These include motion sensors, automatic elevators, digital payment methods, facial recognition apps, smart lighting solutions, ordering coffee and food through mobile devices, and so on. Along with these benefits, advanced technologies can also be used to remind employees of social distancing.

Demand for Variable Set-ups by New Businesses will Lead to a Rise in Coworking Spaces

Due to the impact of lockdown and the rapid spread of the COVID-19 infection, there is an urgent need to transform the existing coworking offices into spaces equipped with a six-feet rule. Several emerging businesses are preferring variable office set-ups over traditional set-ups as offered by coworking spaces. It is increasingly being a concept that will be in favour of companies looking to work remotely. Nowadays, many coworking office spaces in Chennai are offering employers ample boutique spaces so that social distancing can be followed efficiently. Moreover, they are also stocking up the workspace with sanitizers, disinfectants, gloves, and masks before reopening to ensure proper protection from infection.

Top Shared Office Spaces Myths

From startups to major businesses, having the right office space that checks all the boxes is a challenging task. In the previous decade, shared office space was a new and economical option for many companies. In recent times these office spaces are picking up the hype and have surged in popularity. 

As a matter of fact, many people are actually preferring shared office spaces rather than generic private space, for countless benefits that it brings to the business and employees. These kinds of spaces are known to bring out the best of employees while helping them experience a vibrant professional setting.

But some people still have their doubts about this modern professional setting. Some might even argue that an office that is shared is bad for the business and brings morale down. These preconceived notions can cause any upcoming business a fortune. 

Before you go and spend a large amount of funding for private office space, let us list down and bust all the myths of taking up a shared office space for rent. In this article, we have debunked the false notions about shared office spaces. 

1. Shared office spaces are too noisy and unproductive 

Oftentimes you would hear people compare a shared office space with a coffee shop or a crowded classroom. This is certainly not true. The only similarity a shared space has to a coffee shop is that the abundance of coffee.

Coworking spaces like these have a good number of open workspaces and private workspaces. All of this depends on what kind of business prefers which type of space. In a way, shared office space is just a large catalogue of different types of offices and rooms that suit any and every business. 

Also, many studies suggest that people tend to be more productive and energetic when they socialize and work together, so shared office spaces actually increase the morale and productivity of your employees. 

2. Shared office spaces seem unprofessional 

Serviced office spaces or shared office spaces are well equipped to be hospitable to any and all clients. These spaces have a specific set up that takes care of client visits, meetings and conferences, and other recreational activities. Generally, these spaces will at least come with meeting rooms, conference rooms, minimum amenities like coffee, recreation rooms, and a cafeteria.  

Spaces like these have a very attractive and professional business setting that will surely fascinate any client that comes to you. 

3. Coworking spaces are for start-ups and freelancers 

Sometimes these office spaces may portray a flexible and rather raw environment, best suited for upcoming companies and start-ups. The flexibility of such spaces makes it seem that freelancers and unbothered young professionals might thrive in this environment. That is true to an extent. A flexible office space does give you freedom, unlike private space. 

But even large companies love flexible settings and work routines that help them feel at their prime in such an environment. All the amenities, rules and regulations align with a professional space. So a shared office space experience is fun and better for your business. 

4. Coworking spaces are for techies 

Many tech companies have started using sharedoffice spaces. But this does not mean that these kinds of serviced spaces are for that niche crowd. The setting and environment of these spaces are built for any company that is not shy to cut expenses while exercising the flexibility of such an environment. Any company can adjust well in a shared office space, which helps their business grow.

As long as the company has a strong professional network, dedicated employees, and a vision to make it, coworking spaces will be the best option. 

Conclusion 

Yes, private office spaces may have their own perks, but shared office spaces are where you are part of a larger community rather than just your company. These kinds of spaces help businesses make contacts while teaching them a thing or two about management. So if you are thinking of getting your own serviced office space in India, then do not think twice. 

Importance of World Trade Center

The World Trade Center Colombo located directly in the heart of the city is one of the most important industrial heritage of Sri Lanka. It is a 39 story tower connected by a four-story retail block. So, the total count of floors in 43.

With over 750,000 square feet of serviced office and retail space and state of the art facilities, etc., WTC Colombo is a one-stop-shop destination for all your needs. The structure has over 120 local, international, and multinational brand names, which makes it one of the most famous landmarks of the country. 

What is WTC?

A world trade center is one of the most prestigious landmarks which majorly focuses on the economic strength of the country on a global level. A WTC brings together private, and public agencies involved in international trade and provide essential trade services to support them. 

Businesses are afforded access to all the services, organizations, and individuals essential for success in their business by merely having a WTC address.

Importance of WTC

In today's date WTC, Colombo is one of the most exclusive hubs for office spaces in the industry. The world trade center association operates the building. Let's take a look at some of the biggest deals the place offers.

1.    An Easily Accessible Location

With a prime location in the Colombo city in the Central Business District (DBT), WTCC offers easy access to all the central banks, most from the in hotels in the town, hop, and headquarters of some of the largest businesses. Because of this having a virtual office space in WTC Colombo can be very beneficial.

2.   Access to Most Prominent Amenities

The businesses that have a serviced office space at world trade center are given full access to world-class corporate amenities right from the extensive area and free convenience, to luxury materials and finishes to the state of the art connectivity. 

3.    24×7 Power Supply

The place has a dependable power system. WTC, Colombo gets its power from two different grids and three various substations. It assures that there is 70% of the total power supply always available. Even if one of the sources fail, WTC Colombo is equipped with generators to keep the power supply going.

4.   Smart Infrastructure

One of the best features offered by WTCC is a small infrastructure that controls and monitors all the functions of the building like in-house telecommunications exchange, complete IT connectivity, standby power supply, and computerized car park management system. Some of the other features include two satellite car parks, security, janitorial services, shopping, arcade games, and dining facilities. 

WTC Colombo is an ideal location if you want to start a business. It is the best address to have on your visiting card. There are many shared office Space services available at this place where you can begin.