As coworking spaces have witnessed higher growth in preferences in Asia than other regions of the world, major countries within Asian continent have emerged as coworking hotspots including Singapore, Hong Kong, Japan, and China. Within the Asian market, India has experienced incredible growth and holds tremendous potential for the rising of coworking spaces in near future! In India, Mumbai and NCR areas are under the coworking spotlight. With the huge demand for these flexible workspaces, prices have also triggered in comparison to past last year. These coworking spaces have secured their places as a cost-effective option for entrepreneurs and startups.
With the upsurgence of highly mobile workforce, here are some of the hottest coworking trends that will dominate the industry in 2019:
Technological Integration For Better Experience
Smart use of technology will help create a superior coworking experience. It will reduce the manpower that will be needed to be dedicated to each location of the coworking space. Also, smart technologies like HVAC systems not only help in power efficiency and cost reduction but also regulates the air quality. Real-time tracking to identify valuable consumers makes the tasks easier for the managers and helps them serve better.
More and more co-working space providers are offering the tenants high technology-enabled environment, covering the expenses within the fixed rentals themselves. This adaptability of coworking spaces to the latest technology has become one of the most important elements of coworking. The seamless integration these spaces provide has resulted in a growing preference of shared spaces when compared to traditional offices.
Embracing The Local Identity Within Workspaces
As each sector is witnessing tremendous growth of startups, most of them prefer workspaces which could easily embrace the local identity and its culture. Even within the coworking spaces, “one size fits for all” approach isn’t satisfying. It is, therefore, necessary to provide multiple floor planning within coworking offices. Many people might prefer small corners and private cabins but many might want to work at open floor areas with no boundaries.
Embracing local identity will help the coworkers become not only a tenant within these shared spaces but also a member of the local community. With provision for networking opportunities and various in-house events, these coworking spaces create a firm base for its members to experience the optimum benefits of the location.
Data & Analytics Gaining Grounds
Organisations running coworking spaces have been using their data to enhance the design of these flexible spaces, understand how these paces are being used and also how they can be modified for the better experience for end-users. This trend has resulted in a shift toward smart buildings and smart workplaces. The smart furniture now could monitor the stress levels, sensors o respond to individual choices and personalization, and all is this has resulted in improved performance and better work experience.
Providing coworkers with advanced analytics is one of the ways coworking space providers have been cutting down the need of coworking members to shift their business avenues. Especially in case of coworking spaces dedicated to startup growth, providing analytics not only fulfils members demand to incubate business but also help them make the strategic decision to stay within your coworking space.
Rise Of Space-As-Service Concept
Creating service from an empty space has gained considerable attention as desks upon desks set unattended. These spaces can create a productive workspace which can attract businesses and entrepreneurs to implement their bigger ideas. As more and more people shift towards freelancing, occupants are seeking fast yet seamless ways to lease the office spaces. Also, they are more inclined towards the spaces providing better services, premium locations, and hospitality services.
The space-as-service concept has filled this need of the ever-evolving business world. Thus, the importance of these emerging trends cannot be underestimated. Therefore, it is important to invest in the spaces which could fit in the needs of a typical coworking space along with offering its members the tools they require to be productive.
Coworking Has Reached Beyond Tier 1 Cities
Contrary to the earlier established office spaces, these coworking spaces are coming up in not only tier 1 city but are grasping tier 2 and tier 3 cities within its fold. Considering high rentals, fewer spaces and expensive facilities within metropolitan cities and increased number of startups in every part of the country, these coworking space providers are shifting their focus towards less prominent cities.
In Bengaluru, coworking spaces have cropped up along the outskirts of the city owing to the ever-growing demand of these spaces. Similarly has been the case with South Delhi which is the largest hub for coworking spaces. Growth in outer or less prominent parts of the city has also resulted in better connection of these areas via public transportation.
Coworking Spaces As Modern Facility Management
Coworking spaces are not just a lifestyle choice or a hippie camp. Instead, these coworking spaces are built within the prominent locations within the city and offer all the amenities available within traditional offices. The occupants will not have to worry about any facility that is essential for their business and could solely dedicate themselves towards business expansion. All the facilities ranging from scanning to broadband connection will be included within the rentals.
Provision For Inclusive Atmosphere
Each coworker within these coworking spaces has diverse requirements and priorities. These coworking spaces specifically satisfy the inclusive nature of its concept. A successful coworking space creates an inclusive environment for all and is a hub for networking and exchange of knowledge. The true essence of these spaces lies within its coworkers who hail from diverse career paths and generations providing value among each other.
These coworking spaces have now become a large part of modern workspaces. These spaces offer infrastructure and resources to a generation that is making living outside the traditional office spaces.