Coworking spaces are shared office environments for individuals, startups and SME’s. Such spaces have been increasing rapidly throughout the world, and provide, in addition to basic business infrastructure, the opportunity for social interaction.
With Hyderabad growing as a startup hub for innovating and solving problems. The people looking out for office spaces, as startups cannot afford renting out big office space. The need for coworking space is on the rise.
Although there are a limited number of coworking spaces in Hyderabad when compared to cities like Gurgaon and Mumbai where the demand and supply of coworking spaces is very high. The situation in Hyderabad is set to improve with the rise in demand. One key advantage of setting up a coworking space in Hyderabad is that infrastructure and real estate come cheap, here.
According to a survey conducted by Deskmag, they’ve found that coworking spaces are doubling worldwide every year.The reason why people head to coworking spaces is because of absence of longer leases and lock in periods.