Why Coworking is need of the Hour?
In the hard time of the pandemic, the entire world is impacted severely. Companies are cost-cutting, shrinking growth plans, and focusing to conserve capital. New businesses are laying off employees because they are not immune to this critical situation.
What is Coworking Space?
Coworking is a place where workers of different companies share an office space. In short, the people who are self-employed or working for a particular company come to shared office space and work.
Even if recession knocks hard, not only start-ups or freelancers but also well-developed companies have to adopt coworking spaces to decrease the cost of operation and emphasize exploring distributed workplaces for their employees rather than laying off their employees.
Coworking has surely seen a dip in footfall during lockdown, but forecasting the scenario which will be post lockdown, many companies will now think about distributive work model for employees as it will take a little long time to cope-up with the trauma of pandemic, which will result as increase in the demand of coworking spaces.
|Cost analysis of 100 Seater office in Gurgaon|
|Area||# Seats||Seat Price||Cost|
|DLF, Cyber City||100||15,000||15,00,000|
|Golf Course Road||100||14,000||14,00,000|
A graph shows, how the location can reduce the operational expense on a monthly basis.
People need flexibility and choice in how and where they want to work from and there is no cost saving and hygienic option than opting for a co-working space. Rather, this is an opportunity for co-working spaces to show how they can offer new solutions during the hour of crisis and make economy more resistant to such circumstances.