3 Reasons Why Corporates Are Moving To Co-Working Offices.
The co-working market is booming and is expected to grow faster and reach about 30,000 spaces only in India. The reason for this steady growth is the shift of the corporate offices into co-working spaces. Although the transition is slow, it is steady and progressing at a fast speed.
There are a number of reasons why corporates are moving to
, but here we list down 3 top reasons that compel the corporates to make the shift.
1. Reduced overhead costs -
The concept of shared workspaces has helped most corporates to reduce overhead costs such as leases on the building they rent, equipment and other amenities that need to be acquired in order to run an office, and other related costs that are incurred by a corporation in order to conduct business. When workspaces are shared all these can be shared among various tenants, thereby, reducing the expenses and costs.
2. Convenient for Freelancer and Startups -
Companies that need to place their executives or representatives in every state need to set up an office in the place where their representatives are needed. But, with shares workspaces, they can place their executives in co-working offices and make it easy to access the remote workers via satellite connections and other communication mediums. It is also a great medium to set up virtual offices in places the company does not want to set up any kind of physical office, thereby, saving a lot of money and space.
3. Collaboration -
When people work in co-working spaces, there are people from diverse backgrounds and this helps the workers in collaborating and sharing not only office equipment, paraphernalia, and such but also, knowledge, experience, talent, and skills. There are endless possibilities for sharing and collaborating in shared workspaces which serve to many companies.
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