Solving the Snag with Smartworks: High Rent

Coworking has exploded globally over the past couple of years. Recent coworking stats show that there are currently 1.69 million people working in coworking spaces worldwide. A whopping 33% increase from 2017 is a clear indicator of a coworking becoming ‘the place’ to thrive. With the largest coworking companies securing several million dollars in funding and new players entering the market, there have been a host of options for decision-makers to choose from.

However, the number of desks taken by a majority of independent firms haven’t been massive. According to recent coworking stats, 52% occupy a mere 0-50 desks each. The question is why? There is a common understanding that coworking spaces are mostly dominated by either a startup with a handful of employees or self-employed and freelancing professionals with a lack of large corporations. On the contrary, there has been a surge in the occupancy rates of both the categories yet the stark difference between them is the ‘price’. Every business has different needs and operates on different costs, so a higher price per desk may not be suitable for everyone. That said, coworking spaces aren’t pricey unless one opts for the fancier spaces. Most coworking spaces offer a myriad of facilities, albeit the ‘fancy’ ones offer some extravagant amenities which is why they come with a hefty price tag. Most of the time, such luxury is a tad bit unnecessary. It might suit one business but can be completely redundant for the other. So, before zeroing in on a workspace, one must differentiate between the needs of its members and business. Regardless of a startup with employees or a self-employed individual, there are coworking spaces that fit every budget and need.

At Smartworks, we offer select plans that include expanded bandwidth and dedicated private offers that attract all types of clientele to space. With fully-customisable workspaces, one can choose what goes into their bill without compromising on any of the facilities. From a smart suite, a nonintrusive office space that shadows your business’ ethos, to a smart cube, a space with the best of both worlds- private, with the benefits of networking as well. There is an option to suit every need. Moreover, regular interactive events, a free-flow of roasted coffee and an easy vibe at the cafeteria offer a much-needed breather from mundane work. Most importantly, we believe in the power of coworking spaces and want to provide the best experience to startups and large firms alike. Our aim is to help companies thrive off the productive energy of such spaces and focus only on scaling their business.