How Co shared workspaces are replacing the traditional office model?

Traditional office models are slowly losing their appeal. Young entrepreneurs and fresh startups are now not willing to invest in the conventional office spaces because of increasing commercial rents and the additional costs that comes with hiring an office space like furniture and electricity.

A new concept called co sharing workspace is gaining momentum because of its flexibility and attractive subscription models. These shared business spaces for rent are quite popular in cities like Delhi,Mumbai,Gurgaon, and Noida. In times when conventional real estate is skyrocketing, companies like Wizworks with their subscription-based model is revolutionizing the industry.

Co shared business space for lease provide a chill and casual air-conditioned atmosphere with dedicated workstations, fast internet connectivity, guest lobbies, printers and fax machines with basic stationary, lockers and even snacks, tea and coffee.

A new and fresh business can save a lot of working capital with a small business space for rent rather than renting an office building.

While these are some facilities commonly available in business locations for rent in Noida, Wizworks provide additional and special services on extra nominal charges. They provide well equipped and maintained nap room or guest rooms, catering services serving tasty tidbits, breakout rooms where people from all professional backgrounds can sit and relax and lots more. The break areas serve as a platform for making friends and professional connections and help build up more collaborative ventures.

Wizworks also provides in-house gyms and fitness center for the health conscious. The majority of co working business centre in Noida, Delhi and Mumbai are occupied by tech and IT companies. Catering to this segment Wizworks offers dedicated gaming rooms with consoles and gaming devices to assist online and LAN multiplayer games to clients.

They also have rooms dedicated to various board games where people can refresh themselves after a long and tiring day at work. All these other facilities come at extra charges.

Most of the furniture in these small business spaces for rent is ergonomically, that is designed for quality work and productivity keeping in mind the long and tiring hours of work today's private sector demands. Facilities like crèche are also available. As more and more mothers are entering entrepreneurial and freelance sectors, demand for these facilities are increasing day by day.

With the increase in demand for business centers in Noida and coworking spaces and almost 100% occupancy, the competition between service providers is getting tougher. Some are organizing post work events; others have graffiti walls for the creative minds. Acoustically sound rooms, soundproof rooms or podcast rooms, the competition keeps bringing something new on the table every now and then. Snack and beverage bars in an office space are also gaining popularity. Smart boards and projectors, meeting and conference rooms and free parking are also available in these business spaces in Noida.

It is important to understand and research the amenities offered by the space provider. For individuals, a workspace near their residence is idle. Location is an important aspect to consider before finalizing a co working space. For instance, in Noida, the workspace closest to metro and other facilities would be idle.

Coworking business centre in Noida and other cities have managed to gain a lot of attention in the last few years because of the increasing number of startups and with the concept of entrepreneurship spreading across the country, the industry is ready to move to semi urban tier-2 and tier-3 cities. Experts believe that the concept of coworking will diversify and act as a hotbed of ideas for young entrepreneurs and creative minds. The future of the coworking space looks bright in India.