The coworking sector has been flourishing in India, with JLL predicting that the sector will take up at least 50% of all commercial real estate in the next decade. With an increased number of players entering the field, some flexible operators will be faced with numerous challenges.
Big companies are sometimes wary of shared workspaces due to the lack of privacy and data security risks. To combat this worry, many operators have started configuring their spaces to build a secure environment with smart visitor management systems and more.
Another issue some coworking spaces face is providing quality service, without draining the bank. Standardizing service offerings and member experience across various locations can help companies to expand their footprint and maintain costs.
Coworking companies must also be able to set themselves apart from the competition in order to retain memberships and stay relevant in this increasingly competitive field. This includes offering the proper technology that creates a seamless work experience. Including reliable Wi-Fi, cyber security solutions, community mobile apps, and enterprise security tools can help keep workers satisfied in a coworking space.
As today’s culture continues to evolve, the way people work is also changing. That is why coworking offers a one-stop solution for today’s workforce, but it is vital for operators to prepare for the challenges the sector may inevitably face.