印度特别报告：联合办公的艺术（英文版）_9页-2mb

The Art of Co-Working: A Summary

Core Content

Co-working spaces have emerged as a significant trend in the office segment, representing the next wave of disruption. These shared office environments provide a range of workspaces and amenities, including private offices, flexible desks, meeting rooms, and common areas, catering to a variety of occupiers such as startups, entrepreneurs, and even established corporates.

Main Points and Key Information

1. What is a Co-Working Space?

• Co-working spaces are shared office environments that offer a complete range of workspaces and support services.
• Types of spaces include:
  • Private offices
  • Fixed desks
  • Flexible desks
  • Conference rooms
  • Cabins
  • Virtual office facilities
  • Common areas
• Amenities provided include:
  • Business lounges
  • Printing facilities
  • Café and concierge services

2. Demand Drivers

• Startup Boom: Startups are a major user of co-working spaces, with India projected to have 11,500 startups by 2020.
• Agility: Co-working allows businesses to expand or contract quickly based on market conditions, focusing on core operations.
• Affordability: Co-working offers cost-effective alternatives to traditional office spaces, with minimal capital expenditure.
• Community and Collaboration: Shared environments foster knowledge exchange and networking among entrepreneurs.

3. Presence in India

• Over 350 shared office operators are present in India, operating across more than 800 locations.
• 75% of shared office centers are located in the top three tier 1 cities: Bangalore, Delhi NCR (Delhi and Gurgaon), and Mumbai.
• Hyderabad, Chennai, and Pune follow closely.
• Incubators and accelerators are more prevalent in tier II cities, likely due to their proximity to educational institutions.

4. Tier I vs Tier II Locations

• Co-working spaces are dominant in tier I cities like Gurgaon, Delhi, Bangalore, and Mumbai.
• Business centers are preferred in tier II cities such as Pune, Chennai, Hyderabad, and Kolkata due to their earlier market entry.

5. Floor Plan of a Typical Co-Working Space

• Hot/Flexible Desks: Open shared tables for collaboration.
• Private Office Spaces: Adjustable, temporary-walled spaces for focused work.
• Meeting Rooms: Acoustically insulated for various work modes.
• F&B and Café Services: Spaces for relaxation, dining, and networking.
• Event Area: Multi-functional for gatherings and events.
• Sitting Lounge/Break Zone: For informal meetings and guest interaction.
• Reception/Help Desk: Provides secretarial and phone services.
• Store Room: For storage, printing, and mail services.

6. Co-Working vs Conventional Leasing

• Cost Saving: Co-working spaces can offer cost savings of 10-25% compared to conventional leasing in major cities.
• Leasing Terms:
  • Conventional Leasing: Typically ranges from 3+3+3 to 5+5 years with a lock-in period of 3-5 years.
  • Co-Working Leasing: Offers more flexible terms (hourly, daily, weekly, monthly, yearly) with a lock-in period of 1-3 months.
• Security Deposit: Co-working spaces typically require a 3-6 month's rent as a refundable deposit, while conventional leasing may require 6-12 months of rent as a security deposit.
• Services Included: Co-working spaces often include maintenance, high-speed internet, F&B, and secretarial services in the rental cost, whereas conventional leasing may charge separately for these.

7. Challenges and Recommendations

• Challenges: Include issues related to scalability, tenant retention, and brand differentiation.
• Recommendations: Focus on customization, flexible terms, and brand building.
• Way Forward: A shift towards tier II cities and emerging markets, with an emphasis on brand consolidation and non-core locations.

8. Future Outlook by 2020

• Customized Spaces: Co-working spaces are expected to become a key differentiator in attracting talent, especially millennials.
• Shift from Traditional Deciders: Occupiers are increasingly prioritizing business operations over real estate decisions.
• Portfolio Diversification: Established corporates are showing a growing interest in co-working, leading to an increase in its share of the overall office market.
• Gateway and Emerging Markets: Co-working operators will likely expand in gateway cities and then move into emerging markets.
• Non-Office Buildings: Operators are also targeting hotels and retail/mixed-use properties for smaller co-working setups.

Contact Information

For more information about this report, contact:

• Abhinav Joshi – Head of Research, India
  Email: abhinav.joshi@cbre.co.in
  Phone: +91 124 4659700

• Sachi Goel – Senior Manager, India
  Email: sachi.goel@cbre.co.in
  Phone: +91 11 4239 0200

• Raaj Thilak Raveendran – Manager, India
  Email: raajthilak.raveendran@cbre.co.in
  Phone: +914466807001

For global research and activity inquiries:

• Nick Axford, Ph.D. – Global Head of Research
  Email: nick.oxford@cbre.com

• Richard Barkham, Ph.D., MRICS – Global Chief Economist
  Email: richard.barkham@cbre.com

• Henry Chin, Ph.D. – Head of Research, Asia Pacific
  Email: henry.chin@cbre.com.hk

• Jos Tromp – Head of Research, EMEA
  Email: jos.tromp@cbre.com

• Spencer Levy – Head of Research, Americas
  Email: spencer.levy@cbre.com

Conclusion

The co-working segment is rapidly evolving, driven by the needs of startups and the growing acceptance of flexible and cost-effective office solutions. As the market matures, it is expected to see a shift in focus from tier I cities to tier II and emerging markets, with a greater emphasis on customization, brand building, and diversified property types.