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Opinion | Co-working spaces - Reinventing Indian office market in pandemic times

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Cost-effectivenessOwing to the economic impact of the pandemic, setting up office space on a long-term lease may be financially imprudent for small and medium scale organisations, especially when evaluated on a cost per employee basis.

The coworking segment plugs the gap with hassle-free services for occupiers and charges are significantly lower across a wide rate-spectrum.

The cost differential to traditional office spaces goes up to 45% for occupiers. Even in traditionally expensive micro markets like BKC in Mumbai, Connaught Place in NCR and MG Road in Bengaluru, which have limited office space availabilities, occupiers can find coworking desks at varied prices.This segment has become an important part of space strategy across the.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
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Deaths: 459 652
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
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United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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