Co-working spaces are growing even as start-ups increasing fail in India
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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 (
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The concentration of coworking spaces is expected to intensify further in
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Hyderabad may also pick up the pace as companies such as
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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
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