With more people opting for remote-work, co-working spaces demand co-working spaces has seen an exponential rise since the past few years. It is popular mostly among freelancers and startups that are still in their initial stage of growth. This is an indication that the work culture is evolving. Apart from the low expense benefits that co-working spaces in Delhi offer, there are a number of other benefits too that make co-working desirable and a better choice than buying your own office especially when you have just started.
The history of coworking spaces is not that long, it started in 2005 in San Francisco when the doors of the first official “coworking space” were opened. At that time, it had a capacity of five to eight desks and was available for two days a week and it took almost a month before the first coworker arrived. The idea of coworking spaces was simple, to give freedom of working independently. No one would have imagined at that time that this particular, simple but unique idea would take hold and gain popularity in workspaces around the globe.
Over the years, it has gained so much popularity that even major names like Microsoft and GE have acknowledged and taken advantages of the benefits they can offer. According to the reports of the Global Coworking Survey 2018, the number of coworking spaces is getting closer to 19,000 and it is estimated that by the year of 2020, coworking spaces will have almost 3.8 million members.
Unlike a traditional office, coworking spaces bring people who work for a range of different companies, ventures, and projects together under one roof. Working amidst people doing different kinds of work makes one’s own work identity stronger.
Since coworking spaces are accessible 24/7, it allows people to work at their own defined time. People can decide if they want to put in a long day at the time of a deadline or want to show progress, or maybe want to take a long break in the middle of the day to do something else. They can choose where they want to work whether in a quiet and secluded space to help them focus or in a more collaborative space with shared tables where they can have interactions.
Since its existence, coworking has started to branch out to complimentary avenues, as coworking and co-living, with this in mind WeWork introduced WeLive, which allows people to enjoy a coworking space and also lets them have a short-term rental with amenities of yoga and free beer. The WeLive concept is the hottest trend in residential real estate, so we can say that in the future we might be able to see more competitors entering this space.
There is also the concept of CoWoLi, which lets people host and rent coworking and co-living spaces all over the world.
Another emerging area of coworking is the combination of travel specifically geared towards digital nomads; companies that handle all the travel arrangements for people, including the rental of coworking and co-living spaces. The major companies in this niche are Remote Year and Co-boat.
Other coworking spaces merging office and travel destination, and are providing their coworking spaces for company retreats. Surf Office – Productive Company Retreats in Spain and Portugal is one of the leading companies.
Employees are not the only ones to get benefit from coworking spaces, employers too take advantages from this changing work culture. For employers, coworking in Delhi helps them recruit workers from any part of the world and thus saving money on office space. According to experts, coworking helps reduce costs by almost 75%.
Also, by letting employees have the flexibility of work and travel, organizations will satisfy their workers more effectively. The result is a more engaged and productive workforce.
The future of coworking spaces is very bright indeed. Coworking spaces are gaining more popularity and are in high-demand across millennials all over the world. With its unorthodox approach to working style, it is considered to be the future of office spaces by many marketers.