The real-estate market has developed a whole new segment over the past decade. There were no co-working spaces until the middle of the last decade, and now there are so many, amid demand growing so quickly, that it’s become a segment all its own.
It’s a reflection of how we’ve changed too.
This is a generation that thinks, lives and works differently from its predecessors.
They freelance, make their own hours and take their own risks. And they do it all in the new, brightly coloured spaces where they can book a slot for a few hours, a day, a week or even a month.
A report released by realty consultancy CBRE last month estimates that co-working space in India will touch 10 million sq ft by 2020.
It’s no longer just freelancers and start-ups either. “Staff at small emerging businesses are also looking to co-working spaces to maximise their productivity,” says Ramesh Nair, CEO and country head at JLL India.