Benefits of Co-Working Spaces Post COVID | AU Small Finance Bank
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Why Co-Working Spaces Are The New Rage

    Co-working spaces are the new trend in the post-COVID work structure. Today, smaller organisations working in shifts are choosing to work from co-working spaces since it’s making better business sense than renting an office space.
    Co-working spaces create a modern, professional and energetic work environment. They not only stimulate creativity and productivity, but also offer great work-life balance and good mental well-being.
    Co-working spaces provide the flexibility which many small businesses need in a hybrid model today. According to Smartworks, current occupancy in their centres has risen to 30-35% from 10-15% in recent months. Similarly, average occupancy levels at Awfis centres stand at 70-75% in Kolkata and 30-35% in Bengaluru & Hyderabad. Here are a few reasons why these spaces are becoming very popular today.
    • Reduces Operational Costs

    Having a dedicated private office space might seem costly, but working within a co-working space may be more cost-effective. Business owners can work within these spaces without having to worry about overheads such as the electricity bill, internet bill, office stationery supplies, etc. You also get the benefit of shared amenities like the pantry, library, conference room, etc. All these aspects ultimately help you save your budget.
    • Flexibility

    Co-working spaces offer flexibility. You get a chance to time your day as per your business requirements. In short, no need to work around certain operating hours or someone else’s schedule. Just choose the day and time of your work and get started.
    • Improves Productivity

    Studies reveal that people focus better while working in a co-working space. If you prefer to work out of an office, but yet in a professional setting, a coworking site helps you focus better.
    • A Place to Learn/ Network

    Co-working spaces help you learn and build your professional network. It provides a fertile space of like-minded people. Working in close proximity with others also exposes you to new opportunities and prospects. Who knows where a casual conversation may lead? You might also end up finding a new goal and objective in life.
    • Mental Wellbeing

    Co-working spaces are considered to reduce anxiety, inspire creative ideas and promote compassionate thinking. Moreover, research shows that the environment around modifies the wave patterns in the brain, thus lulling you into a deeply relaxed state even amidst work.
    • Great Offers and Discounts

    Co-working spaces offer a lot of discounts to their members. Such offers and discounts are provided to make a member’s life in the co-working space convenient and affordable.
    With all these benefits, it is no wonder why new businesses are using co-working spaces more and more. If you are looking for a coworking space that doesn’t dig deep in your pockets, here’s a list of some of the more popular coworking space providers in India.

    1. Awfis
    Awfis has offices at prime locations across India. Workspaces are available anytime, anywhere, without any long-term commitment. Whether you need one desk, a private cabin or space for your entire team, Awfis is a dynamic and affordable solution.

    2. 91springboard
    91springboard offers vibrant coworking spaces across various cities in India. it is claimed that members of 91springboard get access to a coworking space with 24×7 office-infrastructure support, key service providers, knowledge sharing & collaboration, networking, and a ‘culture that breeds innovation.’

    3. Smartworks
    Smartworks is India’s largest provider of agile workspaces, with a footprint of over 4 million sq. ft. across 31 locations in 9 cities in India. Each shared workplace curated by Smartworks is ergonomically designed for ‘better work-life balance.’

    4. myHQ
    This coworking space company is one of a kind. They offer co-working spaces and work cafes across 300+ locations in India. You can opt for a flexible plan that allows you to work at any myHQ space using a single pass.

    5. WeWork
    Having made a dent internationally, WeWork has arrived in India in 2017. They have offices in locations like Gurgaon, Bangalore and Mumbai. With top-notch infrastructure and design, they offer spaces that are vibrant and energetic.
    So, if you want to relook your work structure and team dynamics, ensure you choose an option that will help you improve business and productivity.