The concept of a shared office has witnessed unprecedented growth over the last few years and has literally revolutionised the way the world and Indians work. Co-working spaces, as they are better known, are helping people find flexible, productive workspace options.
Globally as well as in India, the growth of this concept can largely be attributed to a start-up ecosystem, whose preference for co-working space is due to a multitude of reasons. It includes lower rentals, savings on operational costs and a more flexible work environment. At present, India has about 300 co-working spaces spread over 15 million sft. The demand will continue to rise across the country so much that about 13 million people are expected to work in coworking spaces by 2020.
It is interesting to note how the rise of co-working spaces is influencing normal office design today. Numerous surveys have established that millennials are set to form nearly half of the global workforce by end of this decade. As a result, all new office spaces, co-working or not, need to address the requirements of this new workforce. For the millennials, offices are no longer restricted to the confines of an uninspiring cubicle or a desk. A design language is slowly evolving to create workplaces which can enhance creativity, use technology to network and make the workers feel empowered.