Coworking originated as an affiliate marketers’ trend, but it has since evolved into a profitable real-estate sector for landlords & operators, as well as a central component of occupier policy. In India, co-working spaces are steadily increasing, with the industry projected to double per year in the immediate future.

What Are The Upcoming Coworking Space Trends?

The work environments that startups inhabit are evolving in parallel with the startup environment. There seem to be a number of emerging developments in this space, notably in the Market in India, as co-working spaces become the primary option for several start-ups and technology companies.

1.) Mergers and acquisitions are used to consolidate businesses

We’ve also seen a few transactions in this space, such as Oyo’s acquisitions of Innov8, or OneCowork’s acquiring of iShareSpace. Narrower or city-specific companies may be purchased in your future or would be goals of operators aiming to join or expand their position in a single market. “New companies like Oyo, as well as real-estate entrepreneurs seeking to get into the future work, are expected to hit multi-city companies.

2.) An uptick in the proportion of big companies

As large organizations accept this movement for their scalable and increasingly permanent workplace needs, the share of business in the collaborative workspace ecosystem will continue to increase.

Large corporations are pursuing coworking companies for a professionally run workplace for long-term contracts, but they want exposure to all of the communal facilities and the lively atmosphere that a coworking room like ours provides. I assume that as demand & supply patterns move towards large companies, building efficiency, the lack of Grade A inventory, and quality of products will all become more relevant.

3.) Niche Spaces are in high demand.

As individual one-unit co-working spaces struggle to stay afloat in this changing environment, niche coworking spaces focusing on unique audiences such as working women, cooks, and wellbeing will emerge. Many coworking spaces now offer a variety of health and entrepreneurship-related activities and seminars. Experts expect that more niche & independent areas will arise in the future. This would be a new rung of coworking targeted toward entrepreneurs, small companies, and one-man companies, whilst large-scale coworking would become more oriented on expanding startups & enterprises.

4.) Emphasis On The Consumer And Hospitality

Consumers no longer want to operate out of traditional, dingy office rooms, which is one of the primary reasons how coworking is exploding in India. The work area is no more all about the space; it must also accommodate various work types, inspire, and provide areas for focusing, socializing, and, more importantly, providing an enjoyable experience.

Conclusion

Coworking already occupies 15% of office rooms, with the percentage projected to increase to about 26% over the next few years. According to a survey by real estate consulting company CBRE, co-working room leasing increased by 277 percent in the first quarter of 2020 to almost 3 million square feet. Every fifth, it increased by 75%. Here are some forecasts for the coworking space industries in India in the next few years. Karya space is the best coworking space designer for shared office spaces that could be the future of business.