Kolkata: Uddhav Jalan, founder of East India Works, which has co-working spaces in several cities apart from Kolkata, said the demand has indeed increased. “We are opening a second location in Kolkata. This is an ideal way of working for new centralized startups as management and maintenance costs are sharply cut. Most small businesses and startups find it more affordable and productive, especially when it allows them to network. ,
Real-estate developers are experiencing huge volatility in the co-working space as private firms continue to cut costs of maintaining infrastructure on site. as primarco group director Siddharth Pansari reported, the increase in demand for coworking space was anticipated.
“As the economy returns to normalcy, the demand for co-working spaces will increase with both small and large business sectors,” said Pansari, who is evaluating the segment in two commercial projects under development.
Cost savings, higher ratio of lease expiry in the next three years and hybrid work model are some of the factors that will boost the flexible office space segment. Nitish Sardafounded by, smartworks,
“According to a report, 30% of all office space will be resilient by 2030. The pandemic has paved the way for new work models, prompting various organizations to re-evaluate their real estate needs. Large centralized Offices will soon be a thing of the past. Many companies are changing the pandemic model of ‘work from home’ to ‘work near home’ model, offering maximum flexibility,” he said.
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