Sage-Tips

How much does it cost to start a coworking space in India?

This includes office rent (₹240 per sq ft per month), common area maintenance (₹15 per sq ft per month) and operating expenses (₹15 per sq ft per month). But for a co-working space in the same location, the total cost works out to ₹23,800 per seat per month.

How do I start a coworking space business in India?

Your main costs will be:

1. Buying or leasing an appropriate property.
2. Buying furniture like desks, chairs, loungers, etc.
3. Setting up a high speed internet connection for customers.
4. Electricity and back-up electricity connection charges.
5. Property managers/ caretakers.
6. Cleaning staff.
7. Miscellaneous.

What is the future of coworking spaces in India?

Also, as per a recent study conducted, the share of coworking spaces within total office spaces presently stands at 3\% which is estimated to increase to 4.2\% by 2023. In terms of total square feet expansion, the coworking space industry is expected to grow by another 50 million square feet by the end of 2023.

How much space do you need for a coworking space?

A look at the full facilities According to Coworking Insights, the average size of a coworking space in North America is 9,799 sq./ft., with an average capacity of 100 people. This equates to roughly 100 sq./ft. per person.

How much does Wework cost in India?

The Virtual Offices product is offered at ₹4,500 per month for a six-month membership, ₹4,000 per month for a year’s membership and ₹3,000 per month for a 24-months membership.

How do you develop a coworking space?

How to Build a Community in Your Coworking Space

1. Hire a community manager. Possibly the single most valuable asset in any coworking space is the community manager.
2. Create a member wall.
3. Consider your physical layout.
4. Host events.
5. Start a community newsletter.

Is Coworking profitable in India?

Coworking major WeWork India on Monday said it has raised Rs 200 crore from investors as equity and debt to grow its business and become profitable this year.

Which was the first coworking space in India?

91Springboard
Co-working Culture In India India saw its first co-working space in 2012 when 91Springboard started its operations. Although it did not cater to the needs of companies like spaces today, this was the start in India.

How do you create a coworking space?

Here are 10 of our best tips for getting the design of your shared workspace right.

1. Offer wifi and wired connections.
2. Plan for storage in the design of your space.
3. Don’t put all your eggs in one basket.
4. Create a courtyard feel.
5. Create a welcoming/spacious-feeling center.
6. Get your workspace dimensions right.

How much do coworking spaces charge?

Average coworking fees Do your research and make sure you’re getting a fair amount of amenities for your money. According to DeskMag, the average monthly price for a dedicated desk in the U.S. is $387 and the average monthly cost for a hot desk is $195.