Sponsored Links
-->

Monday, February 26, 2018

Coworking in India Expected to Grow by Over 50% in 2017 - Infra Facts
src: infrafacts.com

Coworking is a style of work that involves a shared workplace, often an office, and independent activity. Unlike in a typical office, those coworking are usually not employed by the same organization. Typically, it is attractive to work-at-home professionals, independent contractors, independent scientists or people who travel frequently who end up working in relative isolation. Coworking is a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other. Coworking offers a solution to the problem of isolation that many freelancers experience while working at home, while at the same time letting them escape the distractions of home.


Video Coworking



Types

Coworking is not only about the physical place, but about establishing the coworking community first. Its benefits can already be experienced outside of its places, and it is recommended to start with building a coworking community first before considering opening a Coworking place. However, some coworking places don't build a community; they just get a part of an existing one by combining their opening with an event which attracts their target group.

Real-estate centric coworking spaces are about selling desks first, with building community as a secondary goal. Players target freelance professionals, remote workers, and small to medium enterprises (SMEs) who need a space and seek a community with a collaborative spirit. Customers also often benefit from professional services such as printing or incorporation or consulting.

Coworking is distinct from business accelerators, incubators and executive suites. These spaces do not fit into the coworking model because they often miss the social, collaborative, and informal aspects of the process. In coworking, management practices are closer to that of a cooperative, including a focus on community rather than profit. Many of the coworking participants are also participants in an unconference like BarCamp and other related open-source participatory technology events.

Similarly, Shared Offices are becoming more popular with the rise of online marketplaces such as Rubberdesk, allowing traditional businesses with spare desks to rent them to individuals and growing businesses looking for affordable office space to rent by the month. On average businesses sharing offices save as much as 45% compared to dedicated coworking spaces.


Maps Coworking



History

Between 2006 and 2015, a few studies have shown the number of coworking spaces and available seats have roughly doubled each year.

Brad Neuberg is credited with starting the coworking movement in San Francisco in 2005 with the idea to combine the independence of freelancing with the structure and community of an office space. To do this, he invented the word "coworking" with no hyphen.

Some coworking places were developed by nomadic Internet entrepreneurs seeking an alternative to working in coffee shops and cafes, or to isolation in independent or home offices. A 2007 survey showed that many employees worry about feeling isolated and losing human interaction if they were to telecommute. Roughly a third of both private and public-sector workers also reported that they did not want to stay at home during work.

In Australia

There over 1,000 coworking and shared offices available to rent around Australia with more being made available everyday. A recent study by Rubberdesk, the online marketplace for shared office space, estimated $2bn of unused office space available to be shared in Australia, with the majority of spaces being listed directly by the owner. Coworking hot spots in Australia are around state capitals, and the average desk in a shared office rents for ~$500 / month.

In Asia

Coworking in Asia has become very popular as space is limited in countries like China, India, Singapore, Vietnam, Philippines, Hong Kong and Taiwan.

In Hong Kong for example, dozens of coworking spaces have been set up to foster the rapidly growing startup community; according to Forbes it is among the leading tech locations in the world, along with Silicon Valley and New York City. Spread across almost all districts, coworking places can be found everywhere while the majority of places are situated on Hong Kong Island and there predominantly in the Central and Sheung Wan districts.

In India, EFC Limited (Entrepreneur Facilitation Center) is providing coworking spaces in different cities. As well as tech startups, coworking is becoming increasingly common amongst digital nomads in Asia. A 2011 survey found most coworkers are currently in their late twenties to late thirties, with an average age of 34 years. Two-thirds are men, one third are women. Four in five coworkers started their career with a university education. The majority of coworkers work in creative industries or new media. Slightly more than half of all coworkers are freelancers.

The main coworking players in Asia are Naked Hub, which is based in Shanghai, Hubud, based in Ubud, Bali (Indonesia), URWork, based in Beijing, and Toong, based in Vietnam (Hanoi, Danang, Ho Chi Minh City).

Coworking spaces in India are also on the rise with Gurgaon ,Mumbai and Hyderabad experiencing a huge surge in 2017. The latest Coworking space in Gurgaon (now gurugram) is India Accelerator which is located at the epicenter of the Central Business District and also provides Co Live solutions. Situated in Hyderabad, Trillion - Colearn. Cowork. Cocreate is on its way to promote startup culture, foster entrepreneurship among the citizens of Hyderabad through its "Colearn. Cowork. Cocreate" concept.

In Europe

France opened its first coworking space in 2007, la Boate, located in Marseilles. In 2008, two new ones open in Paris : la Cantine and la Ruche.

Nowadays the U.K. is among the most responsive European country to the idea of collaborative working, with a special focus on London. The city leads the coworking market not only for the large number of coworking places it offers but also for the variety of places that exist to fit the differing needs among start-ups, entrepreneurs and freelancers. Camden Collective is a regeneration project in London that re-purposes previously vacant and underused properties, and opened its first 'wire-less wall-less' coworking space in 2009.

In June 2013, the U.K. Government announced it would be applying coworking principles to a new pilot scheme for its 'One Public Sector Estate' strategy covering 12 local authorities in England which will encourage councils to work with central government departments and other bodies so that staff share buildings. This will enable the authorities to encourage collaboration as well as re-use or release property and land deemed surplus to requirements, cutting spending and freeing up land for local development.

Coworking is also becoming more common in continental Europe, with the startup metropolis Berlin being a major booster for this development. Several diverse offers can be found in the city, such as Factory Berlin.

This kind of working environment is not exclusive to big cities. Also smaller urban areas with many young and creative people and especially university cities may offer coworking places, with Cowork Greifswald in Germany being one example. Cooperations between coworking spaces and academic environments are focused.

In North America

Since Neuberg started the coworking movement in 2005, San Francisco continues to have a large presence in the coworking community and is home to a growing number of coworking places. Also in the Bay Area, Anca Mosoiu established Tech Liminal in 2009, a coworking place in Oakland. In Miami new places have been opening their doors, among them is CityDesk. Coworking has also spread into many other metropolitan areas, with cities such as Seattle, Washington, Portland, Oregon, and Wichita, Kansas now offering several thriving coworking venues. The New York coworking community has also been evolving rapidly in places like Regus and Rockefeller Group Business Center. Several new startups like WeWork have been expanding all over the city. The demand for coworking in Brooklyn neighborhoods is almost never ending due to the rise in the Millennials workforce; nearly one in 10 workers in the Gowanus area work from home. The industrial area of Gowanus is seeing a surge in new startups like Coworkers, who are redesigning old buildings into new coworking spaces. In Brooklyn, in 2008, the first green focused coworking space in the US opened called Green Spaces, founded by Jennie Nevin and expanded in 2009 to Manhattan and Denver and has been a driving force for green entrepreneurship through the collaboration of coworking.

In South America

The coworking space culture in South America was introduced approximately in 2010 together with entrepreneurship incubators and accelerators. In countries like Chile, the ecosystems for entrepreneurs are constantly growing, mostly thanks to government funds to foster innovation and technology. According to the Brazilian Coworking Census 2017 there are now in the country 810 known spaces, 114% more than 2016. São Paulo state all alone contains 40% of the spaces in the country.

In Middle East

Coworking space culture is introduced to Middle East by Startup Ecosystems. Usually freelancers and early stage startups choose coworking spaces as their Office. Most of Middle East Coworking spaces are partnered to Accelerators. There are Several Coworking spaces in Turkey, UAE, Azerbaijan, Armenia,Iran, and iraq.


Tendencia: el coworking gana espacios en Bolivia
src: larepublica.es


See also

  • Hot desking
  • Nomad worker
  • Outsourcing
  • Coworker (company)

Is coworking really the future?
src: fm.cnbc.com


References


Coworking: making its impact on the Commercial Real Estate | The Mesh
src: www.themesh.in


Further reading

  • DeGuzman, Genevieve V.; Tang, Andrew I. (August 2011). Working in the UnOffice: A Guide to Coworking for Indie Workers, Small Businesses, and Nonprofits. Night Owls Press. ISBN 978-1-937-64501-4. 
  • Jones, Drew; Sundsted, Todd; Bacigalupo, Tony (2009-10-27). I'm Outta Here: how co-working is making the office obsolete. NotanMBA Press. ISBN 978-0982306703. 
  • Schuermann, Mathias (2014-02-19). Coworking Space: A Potent Business Model for Plug 'n Play and Indie Workers. epubli GmbH. 

Source of article : Wikipedia