Shared office spaces have witnessed global expansion in the recent years. With immense growth of serviced offices & co-working spaces, it is no longer considered a subsector but a fundamental core of commercial real estate. In India, this market is consistently growing because of several viable reasons.<\/p>\n
As per the findings of a CBRE report<\/strong><\/a>, shared office space leasing in India will touch 10 million sq. ft. by 2020.<\/em> While this indicates inevitable growth for this market in the upcoming years as well, let’s find out which factors are fostering widespread expansion of shared office spaces in India:<\/p>\n 1. Startup India Initiative –<\/strong> Began in 2015 with the objective of promoting India as a start-up hub across the world, this Indian Government initiative has incentivized start-ups in numerous ways. The low-interest rate loans to entrepreneurs, funding support and incentives are some of the key drivers that led to a wave of entrepreneurship in India. The initiative has begotten several small & mid-sized businesses that work out of shared offices due to no huge upfront investments, flexible rentals, and lower OPEX.<\/p>\n \t<\/p>\n 2. Plug-and-play Simplicity \u2013<\/strong> This has been a major driver for an increasing upsurge in corporate demand for serviced offices<\/strong><\/a>. Large companies have strongly embraced the concept of ready-to-move-in offices, expand or contract their teams whenever needed, and avoid complex contract negotiations. Moreover, no efforts on doing fit-outs and arranging for office amenities have made serviced offices a convenient option for many corporate occupiers.<\/p>\n 3. Business Support Services \u2013<\/strong> Remaining focused on your core business operations calls for a helping hand to handle various other fundamental functions, important for smooth functioning of business. A strong business support setup including services like taxation, registration & legal compliances, concierge, IT, HR, rider and more provided by space operators makes work easier for occupants and therefore is an important determinant for rising demand of serviced offices.<\/p>\n 4. Attracting & Retaining Young Talent \u2013<\/strong> Shared office spaces<\/strong><\/a> are home to various networking opportunities that make employees work in a collaborative & engaging environment. The exposure to new ideas, peers from different domains, and workplaces with contemporary aesthetics are the key differentiators that attract & retain millennials, the dominating sect in Indian population. Thus, various businesses are choosing flexible spaces over traditional offices to establish their teams.<\/p>\n If you’ve been looking for a serviced office in India, get in touch <\/strong><\/a> with the largest and only Indian business centre with ISO 9001:2015 certification, recognized as ‘Brand of the Year 2018’ \u2013 Vatika Business Centre<\/strong><\/a>. Vatika Business Centre’s thoughtfully designed spaces are established at key locations in A-grade buildings across 9 major cities of India. Equipped with cutting-edge technology including digital flipcharts, HD video conferencing, voice command based actions, app-based service bookings & security locks along with a strong business support setup, VBC has been imparting service excellence in the office space industry for the past 14 years now having served more than 200 clients. <\/p>\n","protected":false},"excerpt":{"rendered":" Shared office spaces have witnessed global expansion in the recent years. With immense growth of serviced offices & co-working spaces, it is no longer considered a subsector but a fundamental core of commercial real estate. In India, this market is consistently growing because of several viable reasons. As per the findings of a CBRE report, … Continue reading “The Growing Market of Shared Office Spaces in India”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296],"tags":[373,371],"class_list":["post-2432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-co-working-spaces","tag-shared-office-spaces-in-india","tag-vatika-business-centre"],"_links":{"self":[{"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/posts\/2432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/comments?post=2432"}],"version-history":[{"count":2,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/posts\/2432\/revisions"}],"predecessor-version":[{"id":2435,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/posts\/2432\/revisions\/2435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/media\/2433"}],"wp:attachment":[{"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/media?parent=2432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/categories?post=2432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vatikabusinesscentre.com\/blog\/wp-json\/wp\/v2\/tags?post=2432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}