Co-working spaces can help startups and professionals save office space costs and eliminate the need to put an infrastructure in place

If you’ve got bitten by the startup bug and are finding the home dining table too small for your growing business, you need to expand out into some office space. The story remains the same for professionals who are on their own, people with small businesses and consultants. The right address is as much a calling card as is your product or service. But the good addresses cost a lot and money is needed to burn on other things like customer acquisition.

According to a report, Co-Working: The Office of the Future, by Knight Frank India, “Real estate expenses make up approximately 9-12% of overall operating costs (can differ from market to market) for an established corporate and could account for more in a startup.”

Where there is demand, trust supply to begin building up. According to a recent report, Who Moved your Workplace, by Cushman and Wakefield, a real estate consultant, “As of April 2018, flexible workplaces occupy more than 8.1 million square feet of space spanning across the top eight cities in the country.”

Co-working spaces are now being offered across India that can be rented out on an hourly, daily or monthly basis. To give you an idea, if you are an individual professional and need an office to meet your clients occasionally, you can take office space on rent on a daily basis, else If you are working on a project and need the office for an entire month, office spaces are available too for the same.

What are your options?

You have a variety of options to choose from such as flexible desks, fixed seats and private offices. You can reduce or increase the number of seats or space within the same location as per your need, depending on availability. Price and services differ based on the location and the service provider.

In the last few years, many international and domestic companies have forayed into the co-working space in India.

What are the benefits?

Cost: Cost saving is the biggest benefit. Apart from ensuring low or negligible cost of setting up an office, co-worker centers also help reduce recurring monthly cost.

According to the Cushman and Wakefield report mentioned earlier, “Costs incurred in a Tier-I co-working space in CBD (central business districts) and suburban locations is 20% lesser when compared to a Grade A 60 square feet traditional office.”

“There is a saving of 5-15% per seat in a co-working space compared to a standard lease,” according to the Knight Frank report mentioned earlier.

Common infrastructure: Apart from providing space to work, these offices come bundled with common support staff like housekeeping, canteen, reception and other infrastructure facilities which is difficult for an individual or small startup to arrange in a small office space.

This helps divide the costs too: you are not required to pay separately for each service, as the overall cost of common facilities and infrastructure is shared among all the occupants.

Flexibility: The other benefit that is driving the demand of such office spaces is flexibility and customisation that they offer. You could choose to work out of a cabin space, open space or even a meeting room. The price varies based on location, facilities and amenities.

Multiple offices: Apart from that, if you have clients, partners or employees in different cities, it may work for you to not have full-fledged offices at all locations. Many service providers offer co-working offices in multiple cities.

Demand for shared offices is not restricted to just metros or tier-1 cities. “The top 6 cities will require an estimated 5 million seats in co-working spaces, while, 8.5 million of the projected demand will be in tier-2 and 3 cities,” said the JLL report.

 


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Try Us., TRIOS – who we are.. what we do.. where we are heading to!

Thought River Infra Office Solutions, which makes TRIOS. We are solution providers for passionate kinda workaholic professionals who are on look out of space, defining our motto – where Passion finds space!

TRIOS as coworking space provides you with all the basic amenities at Work Desk, i.e. high speed internet, air conditioned premises, chairs that are ergonomically apt, a clean desk – that accommodates your laptop, cell phone, diary, a warm cup of coffee., may be tea!

We started with this idea back in 2015, as we Pratik & Tejasa too were working from a small office in a row house – we had to take care of rent, the electricity bill, the invertor back up, the office boy, the cleaning lady, the pantry, the parking, watchman, so on and so much more.. and at that time, Pratik struck with the thought of creating affordable but professional plug-and-play offices.

January 2016 – our Balewadi branch – T1 began, with the capacity of 63 seats almost full always, and within a year, January 2017 we had our Baner branch – T2 fully functioning, and we are bridging the gap from 12months to 10months, in opening our third branch T3 at VimanNagar – November 2017.

All the branches have the same warmth and coziness, the inviting – let’s get to work ambience. We are professional yet friendly; we have standards set yet affordable, we believe in growing together after all that’s what coworking is all about.

Why coworking – Coworking is hassle free, we take care of the things and you simply work. Get your work done. Coworking throughout the globe is making sense as sharing resources is a greener way of living, a fast and professional approach at networking, pleasant ambience and convenient work hours. A great coworking space is a business hub in making.

We invite you to be a part of TRIOS, as we have an online platform that encourages internal networking. TRIOSplus – is our community of all the professionals collaborating on work front. We have events that provide an opportunity to know one another, team building, fun events, corporate mentoring, enhancing life skills sessions, a birthday party and success celebrations.

Experience coworking by coworking with us, try us at TRIOS.


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3 secrets of startup business, no one told you so far !

Are you starting up new?

Startup Tasks
Startup Tasks

You must be on the verge of taking the leap of faith. Ready to become a perfect juggler for your startup. Juggling between day-to-day tasks and vision of your company needs to be aligned with one another in order to be successful. There are tremendous amount of tasks you need to perform when starting new :

  • Building product or services
  • Creating amazing design
  • Deciding pricing
  • Building team
  • Creating value for customers
  • Delivering quality
  • Supply chain
  • Marketing
  • Sales
  • Distribution
  • Managing money.

Wait a second, just take a break for a moment, look back and see if you have these 3 secret ingredients in your business recipe. Continue reading “3 secrets of startup business, no one told you so far !”


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