Skip to main content

Flexible workspaces are the pill for startups' longevity and success 

Written by - Anurag Sharma, Marketing Head, Bhive Workspace

____

In the last five years, India has witnessed some of the most transformational developments - from becoming one of the largest startup hubs with over 84,000 entities to the rollout of the fifth generation of telecommunications and internet commerce, democratising and organising new sectors. These developments have significantly altered how we conduct business and lead our lives, making them more seamless and fulfilling. Interestingly, the underlying theme, among other factors turns out to be the proliferation of flexible workspaces, which has been rapidly gaining adoption in India by freelancers, small businesses or startups.

In end-2019, the total commercial real estate under the flexible office spaces market in India was spread over some 30 million square feet, with 471,782 seats across the top seven markets, according to a
report by international property consultant Jones Lang Lasalle. 

By the end of last year, it is estimated that the numbers have grown to 50 million square feet and 750,000 seats. By 2025, the flexible workspace market is set to cross the 1-million-seats mark with approximately 1,030,000 seats under its fold in the top seven markets spread over 75 million square feet. 
  
This significant expansion of flexible workspaces is a testament to its efficacy in providing the necessary impetus for new-age businesses. 

Iron out challenges for new businesses

Starting up is one of the most challenging affairs in the world, which is why the very concept of ease
of doing business came into the picture. While founders focus on establishing the business model, setting up their base operations itself poses a host of challenges - from acquiring an office space with services essential to carry out the business, attracting talent and reducing hassles in running day-to-day operations to focus on the core objective- of running the business. These hassles tend to distract founders from their core objective, and flexible workspaces aim to do exactly that with their state-of-the-art tech-enabled offices, a host of services available in a no-frills manner, and an exciting space for collaboration and innovation. 

These pillars become essential as they help establish the building blocks of any business. It becomes imperative to note here that acquiring an office space with IT, concierge, security, transportation and other services in a traditional office setup are a significant drag on revenues for
smaller companies and flexible workspaces, with their pay-per-seat model allow startups to acquire office setup and services at a fraction of the cost, which brings cost efficiencies.

Geographic democratisation of flexible workspaces crucial for startups 

With metro cities like Bengaluru, New Delhi, Mumbai, Chennai and Kolkata already riding on a startup wave, smaller cities such as Jaipur, Coimbatore, and Lucknow are soon emerging as the new centres of growth for startups, with new-age businesses cropping up from across these cities. This democratisation has been happening in tandem with the development of flexible workspaces in smaller cities, which is providing the building blocks for starting up a new business. Here, the rise of flexible workspaces is also ushering in an ecosystem-wide change with the transformation of old offices into premium workspaces, elevating the service standards of vendors and creating opportunities for others to grow. 

Therefore, it is safe to assume that startups and flexible workspaces are perfectly intertwined to suit each other's requirements and grow simultaneously. This, complemented by the various government-run initiatives such as Startup India, Digital India and Smart Cities to popularise startup culture, will inadvertently hinge on the mushrooming of flexible workspaces and the rise of sectoral spaces which caters to the nuanced needs of companies.  

________________________________________________

Disclaimer: This article does not have journalistic/editorial involvement of editors at tusharmangl.com . We do not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. We are not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

Labels:

Comments

Post a Comment

Also read

Cutting people off isn’t strength—It is a trauma response

Your ability to cut people off and self-isolate is not a skill you should be proud of—It is a trauma response Cutting people off and self-isolating may feel like a protective shield, but it is often rooted in unresolved or unhealed trauma and an inability to depend on others. While these behaviors seem like self-preservation, they end up reinforcing isolation and blocking meaningful connections. Confronting these patterns, seeking therapy, and nurturing supportive relationships can help break this unhealthy cycle. Plus, a simple act like planting a jasmine plant can symbolise the start of your journey towards emotional healing. Why do we cut people off and isolate? If you’re someone who prides themselves on “cutting people off” or keeping a tight circle, you might believe it’s a skill—a way to protect yourself from betrayal, hurt, or unnecessary drama. I get it. I’ve been there, too. But here’s the thing: this ability to isolate yourself is not as empowering as it may seem. In fact, i...
1 comment
Read more

Top 10 sugar companies in India:A comprehensive look at the sweet powerhouses

India’s sugar industry is a blend of age-old traditions and cutting-edge technologies. From legacy giants to emerging powerhouses, this article takes you through the top ten sugar companies, their stories, stock market performances, financial health, and key opportunities ahead. Whether you are an investor or sugar industry enthusiast, this profile is for you! Once upon a time in the land of sugar: The story of India’s sweetest giants Let me take you on a journey through the sugarcane fields of India, where the air smells faintly of molasses, and the hum of factories blends with the rustle of green leaves. This isn’t just a story about sugar; it’s about the people, the businesses, and the sweet (and sometimes bitter) realities of an industry that fuels the nation’s economy. Why should you care about India’s sugar companies? Picture this: you’re sipping your morning chai, and the sugar dissolving in it comes from one of these giants. But have you ever wondered who’s behind that sweetnes...
Post a Comment
Read more

Punjab’s stilt-plus-four real estate rule 2025: Game changer or urban chaos? | circle rate hike explained

When the Punjab Cabinet approved the Unified Building Rules 2025, allowing stilt-plus-four floor construction across 40-ft-wide roads, it sparked both celebration and anxiety. For homeowners, it opened a new chapter of vertical prosperity. For urban planners, it may have unlocked Pandora’s box. Add to that a steep rise in circle rates up to 67% in Mohali and you have the perfect cocktail for a cityscape revolution. Is Punjab’s stilt-plus-four policy a game changer or a warning sign for urban chaos? Punjab’s 2025 building rule reforms are rewriting its urban DNA. With stilt-plus-four floors now permitted on 250 sq yd plots and higher circle rates in force, Punjab’s real estate market is at a crossroads. Is this the dawn of new opportunities or the slow death of livable cities? The answer lies somewhere between ambition and chaos. Urban transformation often begins with good intentions and ends in gridlocks. Punjab’s new stilt-plus-four policy and simultaneous circle rate hike hav...
Post a Comment
Read more