The era of cubicles in office culture seems to fade off slowly. It can be expected to be replaced by the coworking culture.  Businesses today are becoming increasingly concerned to meet the needs of the customers. Therefore, changes are seen in the office environment that will ease the working of the workforce meeting the priority list of the company. The change in the work culture is seen evident both in the case of the start-up industry and the coworking spaces.

Entrepreneurs these days are looking for a work culture that will incorporate both creativity and competitiveness. Entrepreneurs these days are tech-savvy, and therefore, they want the changes in the environment that will help them to work effectively. While maintaining creativity and competition, entrepreneurs will have an economic impact on the company.

Offerings from the coworking work culture

Instead of renting office spaces, it is better to look for a coworking space that has plenty of benefits for the employee and the company. With easy and open access facility, coworking spaces are affordable for startups, independent workers and freelancers.

Further findings say that coworking spaces help nearly 110,000 workers joining the companies. They offer more than one reason to replace it with the traditional setup of running offices.

Sharing experiences and ideas  

Working in a coworking space gives the opportunity of sharing each other’s experiences and ideas when working on any project. Surveys are of the opinion that the result of group works shows a significant increase in work productivity and enhanced morale in office culture. Also, it has been seen, that among the workers 71 percent of them got the opportunity to show their creativity. Again, 90 percent got back their confidence, and 70 percent are of the opinion that working in coworking space is healthier.

Coworking spaces are cost-efficient

Either for startups or small firms, coworking space provides plenty of benefits with one cost. It covers security, utility, setup fees, insurance, and others. It also includes the cost of furnishing and interior decorations. This proves to be a barrier for the startup company that is planning to open the office in the traditional form.

Owing to this, a coworking space in Mumbai offers instant office setup both for small and startup companies. Memberships facility is also available that includes offerings like a conference room, Wi-Fi facility etc.

Location of the coworking space

Coworking spaces are usually located in the heart of the city for the ease of the employees and the company. This also helps to get noticed by potential investors and clients. When opting for a traditional mode of setting up an office, location plays an important role. Choosing the right one might be challenging which is not the case with coworking space where the location is easy to find, and most of them are situated in the middle of the city.

Will coworking spaces make traditional offices obsolete?

With the increase in the dominating nature of coworking space, it seems that the traditional form of office might get obsolete after some years. Not just freelancers or startups but even big companies are joining the trend.

A coworking space comes with a lot of economic, social, creative and networking advantages. This makes it easy for the coworking space to dominate the traditional form of setting up the office. For the ones who are planning to start a business in a short while, it is better to opt for the coworking space.

Conclusion

It is seen that the use of coworking space is having a great impact on the real estate industry. According to the findings, it can be said that the effect of coworking spaces in various places dominate the work culture in recent times. With this, both the building owners and the company owners are profited. Also, it is becoming easy for the company owners to work effectively in the coworking space.