Coworking Space in Hyderabad, Vijayawada, Chennai - iSprout

Coworking places in India and other parts of the world have become a real possibility in the years before. The idea disrupted and re-defined the structure of a typical office setting by bringing people together under more voluntary conditions.

A recent report by JLL showed that the current market penetration of flexible workspaces in total office space stands at three percent, and this percentage is expected to go up to 4.2 percent by 2023.

However, Covid-19 changed everything. It broke the back of many businesses, and the workplace sector was the first to get affected, including the coworking spaces: no more office huddles, no more professional partnerships. Work from home took over, and not many are happy with this change.

Coworking spaces in Hyderabad. that have worked had to gain popularity now find themselves fighting to remain viable during the pandemic.

Here are a couple of factors that show where coworking spaces in India are going and how they will adapt to the new setting.

Safety and Decentralization

The future office will be a network of compact and flexible set-ups where safety is the priority. Professionals structures that benefit both employees and the company and save lots of time in commuting. An idea that coworking spaces in Hyderabad promised but was taken away when the pandemic hit.

Big corporates host their thousands of employees in multi-storied buildings, but the same can’t be said for the small players. Coworking places were a boon to many for the same reason.

Nowadays the congregation of big crowds has drastically reduced—a necessary safety measure to prevent people from getting sick. Big companies are looking to adopt the hub-and-spoke model where one central office controls several satellite offices remotely.

Flexible tech-enabled workspaces

The dynamics of the regular work model has been changed. They are no more getting up early to get ready for the office in the mornings. They were stuck at their homes, employees, and bosses depending on next gen-office technology and collaboration tools to reach deadlines.

Now that vaccinations are being rolled out, people are slowly venturing out looking for a place to work better than before the pandemic began.

The new normal in the workplace has to support technologies such as automation, mobility, artificial intelligence (AI), and Internet-of-Things (IoT) to connect people, albeit virtually. Employees can demand that these amenities be provided to them, along with flexibility in spaces and timings.

Corporates, too, might benefit from evolving from the extensive boardroom talks to smaller coworking spaces where employees have more autonomy. A large workplace, a ten storied building previously used for one company, can be broken down into many coworking spaces that support multiple businesses.

More and more are looking forward to getting back to the bustling environment of a coworking space in the new normal, so that collaboration among several talented, diverse individuals and companies becomes the norm again.