According to a recent report by the Confederation of Indian Industries in association with others predicts India’s coworking industry will attract about $400 million in investments this year.
The potential number of seats in the coworking industry that stands at 12-16 million would be believed to be led by start-ups but surprisingly, their contribution is the smallest of the lot, at only 100,000 seats. The highest attributed to large companies at 10.3 million, followed by SMEs that account for 1.5 million, and an equal number of 1.5 million to freelancers.
So, today, let’s look at different kinds of Coworking spaces around the world. Yes, we understand that shared workspaces concept is relatively new to India as compared to other countries but taking tips from them will not only solve customer problems but also, help to grow this industry.
London offers Coworking Spaces with a Creche
The coworking spaces business in London is booming and according to the latest research from Cushman & Wakefield, Central London saw 2.5 million sq. ft. leased to flexible workspace providers in 2017, a 190% increase on last year. This also means that differentiating one from another becomes difficult. For a price sensitive consumer this may be the best option but for others who want something that eases their lives, coming out with an interesting bait becomes challenging. But, then it’s London, the global capital for coworking spaces, ahead of New York finding a differentiator wasn’t impossible.
Some coworking spaces in the city now offer their members with child-friendly offices i.e. a creche at a workplace. Young entrepreneurs who aim to excel in both business and being around their children, such workspaces are a blessing. This turns out to be beneficial over having a full-time nanny, that costs too much and even outside play-schools which are time-bound. A scenario like this allows flexibility and payments are made only when using the service.
However, for coworking spaces, adding this feature turns out to be expensive as hiring nurses, operational cost and logistical challenges add to the existing cost. But, if the enrollment is enough and it can generate revenues this can turn profitable.
Los Angeles, San Francisco and New York offer Women-only coworking spaces
Some might question if there is a need for a women’s only shared space. Well, our answer to that is from the women-only gym to happy hours for them, and the hot topic of gender inequality that is making headlines across the world, having a workspace specifically for the females are actually a good initiative.
Apart from the basics, Internet, desk, printers, etc., these workplaces are a great blend of a professional and social life making it safe and trusted place to work. Instead of a foosball, ping-pong tables, these spaces offer activities related to wellness and meditation. It also offers meeting rooms as well as treatment rooms for relaxation, meditation, and therapeutic treatments. Specific programs like salary-negotiation training and meetups for women from different industries are hosted to give them the required professional help.
Bangkok turns a hotel into shared working spaces
When we got to know about Bangkok’s Continent Hotel turning into a coworking space, we were happily surprised. The 39th floor of the hotel that provides an incredible view of Sukhumvit Road, making it a perfect place to get the feel of the city without it being noisy and bustling to distract from work. Like other spaces, the Continent Hotel provides comfortable seating, fast wi-fi, food, drinks, to anyone who can afford the place. Giving this address to your potential client, business partner or investors is sure to make a good impression.
A picturesque workspace in Hollywood
The word Hollywood is associated with glitz and glamour. But surprisingly, it also houses a coworking space that is situated on Los Angeles’ famous Sunset Boulevard. Housed in the historical 1938 CBS Radio Building, this place offers a magnificent seven-story office space. As it is associated with creativity, the coworking space caters to those working in design, fashion, publishing, and architecture. Popular amongst legends such as Bob Dylan, Orson Welles, and Lucille Ball, it even provides sound stages and recording studios. The interiors that feature large chandeliers, two outdoor decks, North African decorative elements, and huge windows offer a work environment that is enough to get your creative juice going. However, the membership is by application only.
Singapore has a tech-specific shared space
This city has a next-generation coworking space that focuses on developing businesses and nurturing talents in the field of Artificial Intelligence (AI) and technology. Members of this place are given exclusive access to resources, including an expert panel and in-house startup support system.
Designed for a community and members to bond over ideas and promote synergy. It also offers amazing amenities and facilities, including access to the rooftop pool, BBQ pits, a foosball table and even a sauna, etc. It also offers lots of working space as well as meeting rooms for private meetings with the team or business partners. It is said that it has a well-stocked pantry at all times.
Who knows, when India comes up with a similar or maybe an new idea that will storm the coworking spaces as well as, the customers. Keep watching.