Co-working spaces are growing even as start-ups increasing fail in India
Advertisement
Advertisement
In 2016, the information technology (IT) industry represented around 58% of the total office demand in India and 41.6 million sq ft of office space was leased in top nine cities.
With millennials representing the largest generation in the workforce and an unprecedented focus on new workplace designs, work styles, and work culture; these factors have led to the growth of flexible and specialized workspaces. The coworking industry is mainly dominated by startups followed by media, e-commerce companies and a few corporates and multi-national companies (
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
ALSO READ: This is what Paytm's new office in Bengaluru looks like
Advertisement
The concentration of coworking spaces is expected to intensify further in
ALSO READ: The tale of Tata Nullore Estate coffee that made it to the Starbucks Reserve in Seattle
Hyderabad may also pick up the pace as companies such as
ALSO READ: KFC is giving you a custom made toy version with your meal
Advertisement
Coworking spaces are improving collaboration and stress-free working environment which helps develop an efficient and a “happy”, workforce. Not just the international operators, now the domestic players, are taking the concept to the next level as well.Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- 19,000 school job losers likely to be eligible recruits: Bengal SSC
- Groww receives SEBI approval to launch Nifty non-cyclical consumer index fund
- Retired director of MNC loses ₹25 crore to cyber fraudsters who posed as cops, CBI officers
- Hyundai plans to scale up production capacity, introduce more EVs in India
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO