Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News

Smartworks founder on the coworking space trend

Aayat AlibyAayat Ali
December 10, 2018
in News
Reading Time: 2 mins read
A A

More stories for you

Could Facebook Rebrand Hurt Their Retention

Could Facebook’s Rebrand Hurt Their Retention?

4 years ago
WeWork And Cushman Mark The Beginning Of Strategic Partnership

WeWork And Cushman & Wakefield Mark The Beginning Of Strategic Partnership

4 years ago
Real Estate Platform Launches Mix-Use Residential Product

Real Estate Platform Launches Mix-Use Residential Product

4 years ago
Cutting Pay For Remote Workers Could Come Back To Bite Employers

Cutting Pay For Remote Workers Could Come Back To Bite Employers

4 years ago

Flexible and coworking offices are in high demand as larger companies are looking to scale up and use these spaces to their advantage.

Smartworks, a software solutions company, founder Neetish Sarda says that the coworking space market has doubled the past year and will continue upwards into 2019. It is the fastest growing sector of commercial office space.

Advertisements
Workspaces Run Better On UltraSoftBIS

The CBRE reported that flexible office firms have reached a total footprint of about 40 million square feet throughout Asia and as of June of this year, China and India are two of the largest markets for spaces in Asia Pacific.

Despite coworking spaces beginning as a hub for entrepreneurs and startups, large corporations, such as Amazon and Microsoft, are seeking to increase flexibility. Sarda says agile workspaces appeal to businesses due to their technology-driven and cost efficient manner. “Corporations can save around 25-40% compared to leased properties,” according to Sarda.

Advertisements
Nexudus - Tech Stack Lovers

Gig economy may contribute to this growth as it allows workers to work temporary positions and is typically technology-heavy. Despite this, enterprises becoming a big portion of the coworking space audience is more likely due to their naturally massive presence, often times renting out an entire floor in some offices.

Smartworks has scaled up to over 1.5 million square feet across nine cities, with 80% of their clients consisting of large corporations such as Microsoft, Arcelor Mittal, Amazon, Carrier, Otis, Daikin, Lenovo, Bacardi, DHL, and more.

They provide leisure networking events, like meditation, chair yoga, and pet therapy, to encourage companies to collaborate.

Sarda says he sees a demand for offices in smaller areas too and has plans to open a facility in Chennai next year. He hopes to reach 10 million square feet in India by 2022.

Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Subscribe to the Future of Work Newsletter
Tags: daily_digest
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

Could Facebook Rebrand Hurt Their Retention
News

Could Facebook’s Rebrand Hurt Their Retention?

byAayat Ali
4 years ago

Facebook’s announcement that it would be changing its corporate name to Meta may have an adverse impact on its retention...

Read more
WeWork And Cushman Mark The Beginning Of Strategic Partnership

WeWork And Cushman & Wakefield Mark The Beginning Of Strategic Partnership

4 years ago
Real Estate Platform Launches Mix-Use Residential Product

Real Estate Platform Launches Mix-Use Residential Product

4 years ago
Cutting Pay For Remote Workers Could Come Back To Bite Employers

Cutting Pay For Remote Workers Could Come Back To Bite Employers

4 years ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Yardi Kube automates flex and coworking operations

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00