The global work landscape has had a massive shift over the last few years. Professionals expect flexibility and freedom of workspace over anything else. With hybrid work becoming common, and the work environment getting more and more dynamic, companies are looking for viable options including coworking spaces.
While large corporations are tied up with their lease agreements for their traditional campuses, Indian startups are cozying up to the idea of coworking i.e., neutral spaces that host for multiple companies to work at the same campus. Today companies have quite a few options for the best coworking spaces in India to pick from.
The appeal of coworking spaces is an environment of collaboration and communication that it facilitates along with office amenities like furniture, Wi-Fi, and even a cafeteria. These spaces often come with an open-concept layout so that you can make it your own by distributing your team without any limitations.
Below we discuss the key reasons as to why companies are more attuned to go with a coworking space, and why some of the best coworking spaces in India are attracting the top startups in the country.
State-of-the-art infrastructure and amenities
Workspaces should inspire your employees and increase their productivity. For that, you need to create an environment with all the necessary equipment and amenities that enable a comfortable and productive day. The open-space layout of coworking spaces allows functional mobility and quickly turns it into a community hall as well. Most of these coworking spaces display swanky and chic interiors with designer furniture to enhance their visual appearance. You also have access to all the required office equipment including printers, a video conferencing system, and a projector.
Some of the best coworking spaces in Hyderabad like iSprout also have amenities like private meeting rooms, kitchen spaces, and cafeterias as well.
Cost-effective and flexible leases
Coworking spaces help startups and small businesses save a considerable amount in operational costs. Even if you pick the best coworking spaces in India, their rents are very reasonable. Further, you get multiple rental options like hourly and long-term leases. Not only does it go easy on your bank account but also gives you the freedom to optimize your budget. With coworking spaces, you only pay for the space you need and for the time you use it for. One underlining benefit is that your rental cost will include utilities, internet, cleaning, and other services.
Better networking opportunities
If you manage to choose one of the best coworking spaces in India, you can avail many networking opportunities they provide to startups, professionals, and entrepreneurs as it brings together multiple businesses. In fact, many startups deliberately choose to work at a coworking space so that they have easy access to collaborate with like-minded individuals. Some of the networking opportunities are:
• Cross-industry collaboration to expand your business portfolio
• Project collaboration through a partnership with like-minded business owners
• Referral opportunities to promote your business and boost the growth
• Mentorship collaboration to get active advice from senior leaders
Besides this, you can also collaborate with your co-companies to share the cost for amenities like a coffee machine and even a receptionist. A move to the best coworking spaces in Hyderabad is a smart business strategy that is not unheard of.
Companies that choose traditional offices end up settling down in a specific building and location. If they want to change their base, they will have to go through a strenuous process including a penalty. However, when you rent a space with the best coworking spaces in India, you have the luxury to move your operations to a different location without much hassle. It gives you massive flexibility in both the rental agreement and pricing structure. Also, you can easily scale up or down your operations based on your business priorities due to the modularity of the coworking spaces.
Although traditional offices have their own appeal, the adoption of coworking spaces is on a steady rise. If you have operations in the Indian city of Hyderabad, you must have noticed the sprouting of the best coworking spaces in Hyderabad, one of the major IT hubs in the country. This only tells us that startups like to have an independent and open workspace that is designed more for collaboration and openness.