ABSTRACT

Co-working is a new trend in the workplace and presents an innovative alternative to traditional office spaces. It is a style of work that involves a shared work environment. Unlike a typical commercial office which has a single tenant, co-working office has multiple tenants sharing the same real estate space. Co-working spaces offer a host of amenities ranging from free Wi-Fi and beverages to weekly seminars with high-profile guest speakers and shared staff. Benefits of co-working spaces are co-working allows the reduction of real estate costs, co-working provides flexibility, co-working provides an excellent infrastructure and work environment, co-working provides the opportunity for and encourages collaboration and co-working provides access to a community and its ecosystem. Though shared office spaces have existed in the West as well as in India for the last few decades, the spurt in their growth has been tremendous. While large players dominate the scene in the West, the Indian market is predominantly owned by domestic players.