It’s interesting to note that even large corporations and multinational companies have started taking keen interest in operation from a managed office space.
Coworking spaces have been mushrooming all over the world, offering members a vibrant, non-working, collaborative, and well equipped work environment. These modern spaces provide services such as Wi-Fi, air-conditioning, stylish interiors, printer/scanner, cafeteria, IT support, housekeeping staff – everything one might need to carry their business operations smoothly. While such offerings have long been associated with startups, freelancers, and small businesses, the perception is now shifting.
Today large businesses can set their own multi-story building. You will find coworking space in Noida, Bangalore, Gurgaon, Delhi, Hyderabad and beyond that. These enterprises aren’t choosing coworking for cost-cutting alone — they’re leveraging the full coworking ecosystem, especially when working with global, distributed teams.
Not all coworking space providers can attract multinational and huge corporations. Some who are able to do have greater bandwidth, capacity to accommodate hundreds of client and employees and can afford staff for smooth operations.
Corporate Coworking Space Trends
1. Coworking Space Providers are Levelling up
COVID-19 pandemic has left Coworking Space providers with large amounts of empty spaces. The average occupancy of co-working operators —both large and small— has significantly dropped. These operators are levelling up their business to attract big corporations by preparing irresistible offers for these underutilized real estate spaces. Due to the pandemic’s uncertainty, coworking spaces (CWSs) are looking at offering:
- Private serviced offices
- Long-term and short-term leases
- Customizable shared workspaces
- Flexible offices that grow with the company
2. Niche and Field-centric Coworking Spaces
Amid the pandemic crisis, the real estate market has become volatile. To survive in a highly competitive environment, where many of the coworking operators have disappeared, the others have entered a price war. The coworking spaces need to evolve and prepare for more flexibility, both in the current situation and post-pandemic. By recognizing the accelerated demand for hybrid work culture, they must adapt suit to a group of entrepreneurs or a certain industry niche. For instance:
- Coworking spaces for parents.
- Women-focused coworking spaces.
- Pet-friendly coworking spaces.
- Spaces for digital nomads and IT geeks.
- Food-focused coworking.
- Rural or countryside coworking, etc.
3. Innovation & Diversity
To succeed with a coworking space in a cut-throat competition, the CWS providers need to be incredibly innovative and experimental with services, offerings, and space designs. They must demonstrate what makes them stand out from the rest. Coworking members expect value-addition to the basic facilities provided by any coworking spaces. Whether it is offering them new solutions that might help to cope with the workload intensity or help maintain a healthy work-life balance amid the pandemic stress and uncertainty.
4. Mobile-first Mindset
Gen Y and Z, expect everything to be available – right from making digital payments, to online shopping or even ordering food, everything is done using mobile applications. The users expect a great digital experience where they can have a virtual tour of a coworking space, instantly book desks and meeting rooms, apply for coworking day passes and events, communicate with peers, share feedback, etc. Optimizing the workspace website for mobile users and/or having the workspace mobile app for easy access by the end users is extremely important.
5. Out-of-Box Services
Coworking spaces are evolving into community hubs that promote business growth and individual wellbeing. Besides providing their members with basic services and peripheral amenities, they must strive to provide additional services that cover not only the professional but personal needs of people. Some of the top coworking players have come-up with out-of-the-box services to elevate their level of services and boost members’ experience, such as
• Personal Assistant
• Airport Pickup
• Personal Wardrobe Stylist
• Pet Groomer
• Lawn Care
• Spa & Salon
• Bill Payments
• Car Mechanic
Why Large Enterprises are Choosing Managed Office Space?
1. It’s Fully Managed
Large companies are constantly expanding. While they are on their path of growth and development, they need more people and hence space to get all those employees seated and work. The managed office spaces, as their name implies, are maintained workspaces where you just have to move in with your staff and focus only on the important work. Yes, those companies have a lot of money, but do they have time to spare? No!
This becomes an important reason why the coworking space in Noida or any other industrial hub have a unit of MNCs and industry giants sitting with them.
2. Cost-efficient
Also, even if those establishments have a fortune with them doesn’t mean they wish to spend all of it. Who doesn’t want to save and make profits after all? The shared office spaces are amazing in saving the businesses a great deal of time and money irrespective of the nature and size of the venture. Everything is already arranged and you can get all the facilities you help your work continue without any hiccup. They only ask you for the membership plan you choose or the number of seats you opt for and in return shower you with all the encouraging and helpful amenities one requires during work. They also provide you with the cafeteria, parking, GST registration and other useful services at an affordable cost.
2. Employee convenience
Any coworking space in Noida or any other city is generally located in a very prime location that is easy for daily travelers to commute. The offices are established keeping in mind the comfort and safety of the members. There are closely located in prime areas with road and metro connectivity. The good thing is that most large corporations hire multiple coworkings so their employees can choose from the most suitable option.
3. Productivity and Motivation
The coworking spaces are so cool and swanky, you love being there every day. The beautiful interiors, interesting décor, vibrant & positive vibe and a healthy atmosphere have a direct impact on your mental health. When you love a place where you spend major time of your day, you want it to be worth it and that’s why managed offices come into rescue.
4. Market testing Ground
Huge companies have big projects and for launching each one of the products or services, they do many rounds of market testing. One of the benefit of large corporations is that they operate from fully furnished offices which offers in-house diverse market to test their product and get the feedback. Sure, the sample size might not be as large as you need but the diversity in the audience and their feedback can be really helpful.
5. Talent retention and employee engagement
Unique and lively workplaces play a big role in talent retention. People working in these offices tend to stay there for long. There are many examples of Coworking space being located in Noida, Nungambakkam, Pune etc that have unmatched and energetic aura and this is one reason that employees love being there.
Various events are organised from educational workshops (finance, crypto etc) to fun activities (games, music, art, baking, etc).These events build a sense of community, boost morale, and support team bonding.
Coworking space offer:-
Meeting rooms for client discussions
Printers/scanners on demand
Cafeteria and refreshment stations
Housekeeping & IT staff
Friendly front-desk management
Event spaces for launches or demos
Reliable Wi-Fi and climate control
6. Easy Scaling or Downsizing
Where it can be difficult to expand the utilities as per the expanding team size, it is no trouble when you’re in a coworking space in Noida or anywhere else. It is easy to customize your plan as per the increasing or decreasing number of seats. Looking to downsize? Not a problem! Just reach out to the community management and tell them about your current requirements and we’ll have that arranged for you.
Conclusion
To sum it up, a coworking environment not only enhance productivity and satisfaction for enterprise teams but also offer cost efficient solutions. The first impression that you make on your clients adds further value. The concept of sharing the space never fails to save your time, money and efforts. It’s only fair to say that coworking spaces are already a vital part of the business world.
Not only the shared workspaces offer a delightful bouquet of amenities, but they also provide them members with numerous networking opportunities. The clients can form the best business connections and exchange work opportunities with each other.
From freelancers to Fortune 500s, coworking is proving to be a practical, future-ready solution for modern business needs.
