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The Rise of Coworking Spaces in India

To trace back the history of coworking spaces in India, we have to first look at how coworking spaces came about in the first place. That will take us back to 1999 when a designer by the name of Bernard DeKoven coined the word u201ccoworkingu201d which he used to refer to the idea of a place where people could work and collaborate. <br><br>

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The Rise of Coworking Spaces in India

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  1. The Rise of Coworking Spaces in India: from Concept to Household Term https://isprout.in/

  2. Coworking spaces is not a new term anymore. If you work in a Tier-I city in India, you’ll be able to find coworking spacesat every nook and corner. Just a few years back coworking spaces were practically unheard of. They only became a prominent sight in corporate India just recently. https://isprout.in/

  3. History of coworking spaces in India To trace back the history of coworking spaces in India, we have to first look at how coworking spaces came about in the first place. That will take us back to 1999 when a designer by the name of Bernard DeKoven coined the word “coworking” which he used to refer to the idea of a place where people could work and collaborate.  Fast forward to 2002, when the first coworking space emerged in Vienna, Austria where PR consultants, startups, and freelancers could collaborate. Then in 2005, in San Francisco, the modern coworking space as we know it today, was started by Brad Neuberg. https://isprout.in/

  4. In India, coworking spaces began in 2012 when 91Springboard opened its doors. After this, the number of coworking spaces began to almost double. iSprout also opened its first coworking space back in 2017 during a time when coworking spaces were relatively new. Right now there are more than 2,197 coworking spaces around the country which accounts for 3% of total office stock.  . https://isprout.in/

  5. What the future holds for coworking spaces in India  The meteoric rise of coworking spaces in India from a concept to a near-household name among employees and employers deserves applause. With the shift towards a more flexible working style, coworking spaces will continue to hold a prominent space in the commercial real estate sector. The flexibility it offers, cost-efficiency, collaborative atmosphere, and amenities make coworking spaces a vital part of the current work culture.  https://isprout.in/

  6. There will also be a big shift towards Tier-II and Tier-III cities. Most of the best coworking spaces in Indiaare currently in Tier-I cities like Mumbai, Bangalore, Hyderabad, Delhi, etc. But with employees having the option to work from home, companies are more likely to finance a coworking space in smaller cities and towns rather than shifting their employees to a major city. iSprout has multiple offices in major cities like Hyderabad and Chennai as well as smaller cities like Vijayawada. This makes it easy for employees to shift from one office to another office without having to shift to a new city. https://isprout.in/

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