By: Stephanie Koh
Tech age has made working autonomously a walk in the park but that doesn’t mean that you are left to excel in a vacuum. The rise of co-working spaces is helping to provide creative individuals and like-minded entrepreneurs an opportunity to congregate, network, and potentially collaborate. A win-win for everyone involved!

5 benefits of co-working

If you’re a freelancer and working out of a home office, you just might want to give co-working a try. From personal experience, I find that working from home though comfortable presents a smorgasbord of distractions. Your bed, housework, pets, children, TV, and other creature comforts are within close proximity making procrastination a tempting action. At a co-working space, you’re presented with an office-style environment (structured atmosphere) minus the common distractions and politics (yay!).

Intrigued by the prospect of co-working? Here are more reasons why it’s well-worth the investment:

1. Wellness

For anyone who finds it difficult to separate work from home life, you’ll be able to disconnect way easier as soon as you leave the co-working hub. Co-working also gives you a reason to get out of the house and socialize with other freelancers and entrepreneurs. More importantly it takes away the typical 9-to-5 clock-in and allows you the flexibility to design your own work hours around other commitments such as family and/or studies.

2. Adds spice to your work

Instead of working in isolation which can get quiet lonely, you’ll surround yourself with a collection of like-minded folk in both similar and differing fields. Those from the same backgrounds will be able to bounce ideas off one another, while others may be able to find ways to team up or pull their resources together. This interesting mix of professionals is what keeps things constantly evolving as you’re exposed to different mindsets and skills thus providing you with a dynamic network you’d wouldn’t have had experience in a normal workplace.

3. Encouraging sustainability

In a world where global warming and excessive use of (depleting) resources is reaching alarming heights, co-working spaces can help members minimize their carbon footprint and lower wastefulness.

4. Keeps your home and work completely separate

Sometimes it may be difficult to find a quiet space for a video chat (remember Professor Robert Kelly whose kids gatecrashed his BBC interview?) or conference call with an important client. Co-working spaces give you the privacy you need to conduct such meetings without interruption. Plus you’ll have a proper biz address to receive work related mail and packages which comes in handy especially if privacy is an issue.

5. Increased productivity

You’ll be surrounding yourself with highly motivated individuals working to chase a dream or maintain a successful business. This energy is a contagious one and has been proven to motivate individuals.

Co-working is the future

Founder of Smartworks, Neetish Sarda puts it ever so perfectly in his article on yourstory, ”Co-working spaces have disrupted the traditional work environment today, witnessing a massive growth in the last five years. The demand continues to gain momentum across India so much that about 13 million people are expected to work out of co-working spaces by 2020…As of June 2018, Delhi NCR, Mumbai and Bengaluru had approximately 2.9, 2.8 and 4.1 million sq. ft. of flexible space available respectively, which averages to about 2.83 percent of the total real estate inventory available for those cities.”

In India alone, there are now 350 co-working players/service providers operating an estimated 500 shared workspaces across the country. That’s a massive leap from just 30 centers nine years ago. This goes to show that there is an alarming increase in talent, creatives, entrepreneurs, and corporations that see the potential and benefits of co-working. The future of real-estate definitely lies in these kinds of spaces and if you’re an investor who’s on the lookout for such a venture, JLL is in the business of helping harness profitability and sustainability within the competitive market. For more information, visit www.jll.co.in

Co-working places of interest in India

wework Available in Pune, Mumbai, Bengaluru, Gurugram, Hyderabad, and Chennai.

CoWrks Available in Mumbai. Bengaluru, Delhi, and Chennai.

Triam Centre Chandigarh Chandigarh

AltF Plaza Mall Gurugram

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