India’s coworking industry has blossomed over the past few years and is expected to triple in size by 2021. It is safe to say that coworking is now an established sector in the commercial real estate world, and it is expected to only get better.
Due to growing demand and competition, there are many trends that are expected to change how the industry operates.
The relationship between a developer and a coworking operator is expected to continue going beyond traditional leasing arrangements. Now, the coworking firms are partnering up with developers in order for them to get higher returns, as well as marketing other floors in their landlords’ buildings.
Additionally, some coworking operators are taking the sharing model to another level with coliving spaces. Coliving provides younger professionals a living space in urbanized areas that are affordable.
Technology is also playing a bigger part in coworking spaces everywhere. Now, artificial intelligence and cloud-based systems are transforming shared offices into automated workspaces by booking meeting rooms, adjusting temperature, providing remote working options and more.
Offering more flexible and mobile work solutions are particularly becoming a necessity for organizations looking to attract and retain Millennials and Gen Z talent.
