Earlier, small businesses used to pay rents for a whole place for themselves to run their business. Now, start-ups and individual business owners like to rent a desk of a coworking space rather than paying for a whole place. At present, this trend is no more restricted to the metro cities of India, as start-ups of small Indian cities are also seen using such office spaces for developing their businesses.
With time, Tier II and III cities of India are experiencing a huge increase in the number of startup businesses. We can say that the need for startup office space is also increasing in smaller cities. For this reason, now coworking spaces are highly popular in these cities.
In this blog, WorkLoft will discuss the growing requirement of the cowork space and collaborative work environment in smaller cities of India.
Vibrant and Changing Startup Culture of the Indian Innovation Landscape
Although metropolitan cities like Mumbai, Delhi, Hyderabad, and Bengaluru showcase an active and dynamic startup culture, the Indian innovation landscape is no more limited to them. Startups in smaller Indian cities are also making differences these days and trying to establish themselves in the country.Apart from the metro cities, urban India is also now experiencing a massive change in its startup culture. Currently, startups are growing from cities like Ahmedabad, Pune, Bhubaneswar, and Jaipur. This is because of infrastructure support, local investor confidence, state government facilities, and the availability of talent. With the development of the Indian metro, startups are quickly spreading across smaller cities alongside bigger cities.
The Increasing Requirement for Coworking Places in Smaller Cities
Since innovation is developing all across the nation, the availability of these shared workplaces is also required. Startup culture is becoming more popular in Tier 2 and 3 cities. Now, these spaces provide young talents and startups with a platform for developing regardless of where they belong to.
With time, rental prices are also increasing a lot. Hence, it’s tough for a small startup business to maintain. It’s extremely costly for an organization of any size to rent out a conventional workspace in an urban area. The condition is more distressing for individuals and startups that want to establish their business in their sector but are unsure about the cash flow. To rent out a conventional workplace, you will require deciding a fixed initial amount that incorporates advance maintenance charge, refundable money, and other expenses for required entities like installation of electrical fittings, gadgets, office furniture, etc.
Now talents are also increasing in smaller cities in India. Numerous startups have moved their base to Tier 2 and 3 cities as they find cost-effective resources with amazing talents in these cities. To find a coworking space near me, you have to move to Tier 2 and 3 cities, as they have many talents in these cities which require a nurturing and professional workplace.
There are many locally operated and owned coworking spaces in Tier 2 and 3 cities. However, startup companies’ density in Tier 2 cities is still low which is keeping all branded renowned cowork spaces to stay away for now. Hence, to make the venture beneficial, startups in India will have to discover the appropriate balance and seek a business center in Mumbai or other cities to run their ventures successfully.
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