Reasons For Making A Shift To Coworking Spaces
There are several benefits of coworking space that businesses are willing to leverage to their advantage. But the main cause for the shift is a different story, rooted in both global economic trends and local market changes.
Looming Recession
The possibility of a recession in the US has created an atmosphere of fear among other countries. Factors like rising interest rates, weakening currencies, and mounting public debt are raising the prices of fuel and food, creating uncertainty in global markets.
Therefore, business owners are taking steps to make their businesses recession-proof by cutting costs. Moving to a coworking space is a great way to eliminate leasing properties and the associated liabilities of a traditional office. This model also eliminates front-desk service costs, leading to significant savings. Notably, Pune city saw a drop of 32% in traditional office space absorption in the first half of the financial year 2022-23.
Increase in Rent
There has been an increase in monthly rentals of offices which was the last straw for many Pune business owners. An average 6% increase in office rent made the move to coworking space in Pune stronger than ever.
Furthermore, coworking spaces in Pune were ready to welcome this move with open hearts, offering exceptional services to fulfill the increasing demand. iSprout is a leading firm in this sector, with centers located at Yerwada and Hinjewadi, committed to serving corporates with the infrastructure needed to run smoothly.
Final Thought
With exquisite interiors, robust internet connection, and fully functional conference rooms, many corporates and solopreneurs leveraged the services of iSprout to further their business goals. Additionally, the professional in-house business support team is also open to offer end-to-end solutions through a gamut of services to enhance the overall experience of entrepreneurs. Join iSprout, the best coworking space in Pune, and accelerate your business growth.
