Coworking Operators Will Need To Rethink Models

Some of India’s coworking spaces have seen a 50% fall in foot traffic in the midst of coronavirus lockdowns. Now, operators are working overtime to implement new business models, office design, cleanliness practices and more to keep members on board.

While these spaces are empty at the moment, some experts believe they are poised to be the preferred work option for many companies as they are more cost-efficient and provide flexible leases.

“As long as hygiene practices and health precautions are enforced, coworking spaces may prove useful,” said Manas Mehrotra, chairman of 315Work Avenue.

Additionally, the workforce is expected to adopt more remote work policies as they likely have the infrastructure to support this work style now. Coworking spaces will also play a role in this shift as workers will have the option to work in these spaces rather than a company’s traditional office, which could help cut down on commute times and allow for more productivity.