With the increasing number of startups, the demand for flexible office spaces in Chennai has also climbed up. For many of the start-ups, a shared office is the next upgrade from an incubator setup that allows them to enjoy benefits like networking capabilities, state of the art facilities, and an address at very affordable rates.
However, startup companies account for a small portion of the shared work space users in Chennai. Everyone from freelancers to international businesses utilize shared office space in Chennai as it helps them to decrease overhead while expanding the business. Majority of the co working space users in the city falls into any of the four categories that are discussed below.
Many freelancers have now started to explore professional alternatives to diners and coffee shops. They have understood the benefits of shared office spaces and are exploring the various options available to them. One of the biggest benefits of a co working office is the professional network that is offered by it. Freelancers can use the network to build new business relations.
Professional Service Providers
Lawyers, doctors, accountants, and other professionals fall in this category of shared office users. A co working space can provide a lawyer with all the resources required to get his or her business up and running. These professionals can have the advantage of getting an address in the central business area of the city and a fully equipped office space with provisions to conduct one on one meeting with the clients.
It is true that startups are not the only type of shared office user in the city of Chennai, but there is a reason for the frequent association of startups and shared offices. Apart from the affordability and the networking opportunities provided by the shared office space in Chennai, they provide great flexibility to these budding ventures. In a co working office setup, startups can easily add space, without the need to move into a new location.
National & International Companies
Large corporate businesses will have many employees, but this does not mean that they will not benefit from the shared office space setup. Co working offices will help large businesses planning to break into a new market, and test the location without the need to commit to a traditional lease. Shared work space is also convenient to host short-term projects where the employees of the business will be in city for just a few months.