What Comes After Co-working to Commercial Real Estate?

by Neha Gupta Content marketer

Co-working is a trend that has taken the professional world by storm. Thanks to a huge chunk of millennial population, there is a rising number of urban professionals who are looking to work in serviced offices and are comfortable with the concept of co-working. Bangalore, being one of the top cities in India and the world, is no exception to this trend. So, a lot of urban professionals have been seeking a coworking space Bangalore has on offer. If you too are one of them, you can opt for a serviced office in Bangalore and gain access to a range of amenities. The flexibility of these spaces is what draws professionals and independent workers to them.

The modern-day gig economy has made a huge impact on the way we work; professionals now are no longer confined or bounded in by geographical divisions. You could sit in a serviced office in Bangalore and complete assignments for a New York-based firm. A coworking space can provide you networking opportunities, contacts and comfort without the rigidity of a traditional workplace.

Disrupting commercial real estate

An important consequence of the co-working culture is the transformation of the commercial real estate sector. The rise of business centres is an important offshoot. Thanks to the requirements of a coworking space Bangalore or any other city has, the nature of commercial real estate spaces has changed. The location is a key factor. Most co-working or serviced office providers prefer a location that is premium and easily accessible. Also, the closer the space is to other important amenities such as restaurants, malls, parks or entertainment centres apart from other offices, the better. This is why most business centres are located in the central business district.

Also, more commercial real estate developers have realised the importance of developing or building office spaces that are not standalone independent units but comprehensive — more like the apartment version of office spaces.

If you want to know more about “How Co-working Spaces Are Disrupting Commercial Real Estate Industry?”, you can visit source blog.

Source:https://yourexpertguide.wordpress.com/2018/06/26/how-co-working-spaces-are-disrupting-commercial-real-estate-industry/