Shared Office Space Trends to Watch Out For in 2020

Lately, coworking spaces have become very popular. Over the last few years, coworking spaces in India have seen tremendous growth and posed a challenge to the traditional office environment. India is the second-largest market for flexible working space in the Asia Pacific region, second only to China. According to a recent report, there are over more than 850 coworking spaces in India and most of these are situated in metro cities like Bangalore, Mumbai, Delhi, Chennai, etc.

Initially, these types of office spaces were preferred by small businesses and startups, but now even large organizations are inclined towards shared office spaces for their affordability and business opportunities. Moreover, space is not limited to bigger cities, but small and medium cities like Jaipur, Chandigarh, Ahmedabad, Indore, etc. are witnessing the surge in coworking spaces.

India is expected to gain an investment of around $400 million in the collaborative space segment. The demand for coworking space in Bangalore and other cities of India has shot up very high and thousands of businesses are supposed to move to a shared workspace for their business.

Trends to See in the Year 2020 in Shared Office Space Segment

Big Organizations to Embrace Collaborative Workspace

Earlier, shared office space was the favorite choice for startups, freelancers, entrepreneurs, etc., but now even big MNCs are not behind. Big MNCs and IT companies may not always invest in building a luxurious office space with world-class infrastructure and amenities when planning to open an office in a different city. In such circumstances, a coworking space plays an important role as it offers office space with all amenities and infrastructure at an affordable cost. This need for an office expansion in other cities will give a boost to the shared work culture.

Ready to Enter Smaller Cities

Already very popular in big and metropolitan cities, the market is all set to enter smaller and medium level cities. Many builders have entered in this segment in tier 2 and tier 3 cities and are seeing similar growth as big cities. As the startup culture will evolve in these cities, the demand for coworking spaces will also rise.

Automation to Become Game Changer

The shared space segment is dominated by tech companies and currently most of the things are done manually. But in coming time, the tech savvy IT companies will come out of manual process with making things online like office booking, generating invoice, attendance tracking, etc. can be done with the help of technology. All this and a lot newer things are expected to come in shared workspace segment this year.

VR offers flexible and affordable workspace with uninterrupted connectivity and various additional advantages. It offers ideal office space for both small as well as large business houses. Along with it, the group has many shopping places in Bangalore, malls in Bangalore like VR Bengaluru where you can enjoy with your colleague and watch a movie at Imax Bangalore. VR offers various solutions for your needs.