Why coworking ecosystem has undergone massive changes over the years?

Coworking Spaces are nourishing a standard shift in the way India works. They bring a huge change in the way people work here and in the working environment. The big companies have shifted their focus on saving money and time along with creating a better work environment for the employees. The real estate was only afforded by the big corporation in an earlier time, but now the property price touches the sky and now maintaining the high cost of the long-term leasing becomes difficult for them as well. So they also started shifting to the coworking space which offers the workspace at an affordable price.

The number of coworking business centres in India are increasing to a greater extent as the demand for flexible workspace is gaining momentum. The percentage of shared office spaces are becoming double every year. The coworking spaces are plug and play offices which means they are fully furnished as well as fully serviced offices in which one need not worry about the backend responsibilities. People can work here without worrying about the extra expenses.

The companies are opting for the fully furnished offices as they don't want to waste their time in picking up the furniture and spend their money in installing them. The coworking space provides all the facilities which one can get in the traditional offices such as high-speed internet, business machinery, printer and scanner, recreational areas, kitchen, meeting rooms, training rooms, conference halls, and many more facilities at a very affordable price.

The coworking ecosystem has undergone massive changes over the years due to several reasons among which few are democratic, cost-efficient and conducive to creativity and networking, The increasing demand of the coworking space makes the service providers do something different from others. The working environment changes with time and so do the requirements. People started choosing coworking space instead of traditional offices because they provide hassle-free leasing. They don’t have to worry about hefty security deposits, inflexible long-term leases, or unnerving logistics.

Coworking spaces started as a workspace for the startups and freelancers but now it has expanded its access to the small teams, large enterprises, and big companies. They invite students, travellers, remote workers, and SMEs (small-medium enterprises). People are embracing this revolutionary shift in office dynamics for good reasons. The vibrant work-life culture of the coworking space helps the people in working more efficiently. The collaborative environment of the workspace motivates them and encourages them. These changes have transformed the way of working in big companies. They also started understanding employee satisfaction is essential which leads to the growth of the company.