Coworking spaces in Bangalore Now 32 percent of Total in India

coworking community

A couple of days ago, I saw an interesting statistic above the headline in the Times of India1. It said coworking spaces in Bangalore now account for 32 percent of all the spaces in the country, more than Mumbai, Gurgaon, Pune, Hyderabad and Delhi.

coworking spaces in bangalore toi
Photo screenshot – Times of India, July 18

More striking is the total square footage leased by these coworking providers – 8 million square feet across the country by 2019.

Data from a Colliers International report2 published last year says that major coworking operators leased only 1.2 million square feet in 2016, but it’s expected to grow to 8-9 million square feet by 2020.

Another Knight Frank report3 provides more details of the coworking revolution that’s in the making now.

Since 2010, the number of coworking spaces worldwide has grown by an amazing 3,050 percent, from 600 in 2010 to 18,900 now. The number of seats has grown from 21,000 to 1.7 million during this same period.

In India, you have around 200 companies running 400 shared office spaces across the country.

coworking spaces in bangalore infographic
Infographic – Growth of coworking spaces in Bangalore vs India

It’s a far cry from 2004, when Evoma opened as the first coworking space in Bengaluru. That first project of ours came about as an attempt to fill a need for flexible office space required by people who needed to commute long distances to reach their own offices.

Now we offer coworking spaces in each of our four business centers in Bangalore, mainly because the market demands it, and our own members also take up additional flexible space as needed.

“Evoma is flexible when it comes to planning our recruitment. In addition to our serviced office, we are also making use of Evoma’s coworking space in Whitefield.” – Abhisarika Das, KLOC

We’re bullish on coworking as the future of office space, but not in the shape or form it is today. In this video interview, Evoma MD Ashok Vohra, a thought leader and mentor in the Bangalore real estate and biotech sectors, lays out his vision for the future of coworking and flexible office space.

Also see (Economic Times feature): How entrepreneur Ashok Vohra uses talent & technology to empower poor women.

It’s about more than just providing a seat, be it coworking or a serviced office. “It’ll be more to do with synergizing the SME community, and providing them with actually what they need to do – which is how they need to maintain, sustain and grow their business,” said Mr. Vohra.

That’s why we are now about to launch services exclusively for Evoma members, including all our coworking space users.

A startup or small business that wants flexible office space without any upfront investment will be able to avail of our affordable coworking spaces in Bangalore.

Affordable Coworking space at Evoma

Looking for coworking space in Bangalore? Fill up the form below.



We already have coworking spaces where you can get an office address, reception, meeting rooms, call forwarding and other virtual office services.

Evoma will now start offering mentorship and business growth services that will be provided by authorized partners. Members will get assistance for business growth in the form of mentorship, and optional business support services such as accounting and finance, HR, business registration and complaince, digital marketing, and sales growth.

References:

1. Times of India – Bengaluru has the most co-working spaces.

2. Knight Frank – Co-working demand set to triple in the next 3 years, says Knight Frank.

3. Colliers International – Coworking operators likely to grow up to 8 to 9 mn sq ft by 2020.


 July 23, 2018  Dolly

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