Bhargava said the demand for space requirements is also changing. Earlier, companies were okay with open sitting arrangements, now they are looking more for private space/cabins. The demand for meeting rooms, cabin space has more than doubled. Co-working is expanding mainly based on anchor customers and not future based demand. The focus has moved completely to Enterprise customers, since they are sticky and look for long term agreements.
He added there has been a pent up demand for co-working in tier 2 & 3 cities due to reverse migration. “Employees who have been given WFH option have moved back to their parental house, however a lot of them don’t really have the space to work from home, so they are looking for co-working space solutions with a basic infrastructure & internet facility. North East of India is not being any different. Our Guwahati centre has been running close to 100% capacity throughout the lockdown.”
He informed,” In the last few years, the region has seen increased demand for co-working space and it is expected to witness 10% growth year on year for next 5 years due to option of WFH, government’s focus to increase trade and businesses for northeast India, increase employment opportunities, better infrastructure and because of cost efficiency & greater flexibility co-working space offers.”