Feb 9, 2015
In this uncertain scenario of fluctuating property prices, renting a commercial space, may seem a more prudent option. It can…
The very thing that remains constant with time is change. Change is a constant factor. What gives it positivity or negativity is the direction in which the change happens. Every firm, every corporation and every field of profession undergoes change. And the meaning of change has amplified as the deadly coronavirus struck the world. Coworking space is a modern approach that is an alternative to a conventional office space. It encompasses a physical space equipped with all facilities needed for day to day office operations and is shared by many individuals. Over the years the industry has grown to a multibillion dollar venture. It was initially intended for entrepreneurs and freelancers. However, after the covid catastrophe it has gradually become an option for multinational corporations and tech giants.
Currently, the companies worldwide are taking a sigh of relief as the government advances its orders for reopening and further development of every firm in all fields. Owing to the huge losses of men, material and money the economy is now revamping itself to compensate for these losses and safeguarding itself against such catalysis in the future. Initially when the virus broke out, people viewed that the coworking space in Mumbai would be the last option because they are hotspots of social interaction and may facilitate the spread of the deadly virus.
However, the result was a sharp contradiction of what was predicted. After the lockdown ended, many people resorted to plug and play offices. And to say that this upward trend will be continuing even post corona will not be unreasonable. The future of coworking has seen a boost and the business line can be seen amplifying even while the other businesses continue to struggle for their existence. Multinational corporations, medium and small enterprises, freelancers, entrepreneurs are all shifting their preferences towards shared workspaces. The prediction that coworking might die down even when it is so young a venture has absolutely been proven wrong with the investments multiplying and enrolments going sky high as the demand surges. This shall keep on going on the same track and can be attributed to numerous reasons such as:-
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