Forecast On Co-working Spaces

- Arnab Ghosh

Co-working, as a concept, needs no introduction. And with the millennial generation working freelance or part of a new start-up, such spaces are undoubtedly going to shape the future of work culture in India.

The potential market size for the segment across the country currently stands in the range of 12-16 million seats, with operators providing a designed work environment along with office equipment and amenities found in a typical office. Typical features of co-working facilities include:

Hot Desks

Cabins of various modules

Reservable/rentable conference rooms.

Wi-Fi and 24/7 access

Communal printer/copier/fax.

Shared kitchens, bathrooms and lounges

These facilities follow various business models – some are cooperatively managed run as non-profit organisations, while others include flat-rate memberships and fee structures based on frequency and extent of access on single, weekly, monthly or annual usage.