印度特别报告_联合办公的艺术（英文版）_7页_1mb

The Art of Co-Working: A Summary of the 2017 CBRE Research Document

Core Content Overview

The document explores the growing trend of co-working spaces in India, analyzing their emergence, demand drivers, presence across cities, operational dynamics, cost implications, and future outlook. It highlights the shift from traditional office leasing to more flexible and cost-effective shared workspace models, driven by technological advancements, entrepreneurial activity, and changing occupier preferences.

Main Demand Drivers

• Startup Boom: Startups are a primary user of shared office spaces. India is projected to have 11,500 startups by 2020.
• Agility: Shared office spaces allow businesses to scale quickly based on market conditions, focusing on core operations rather than administrative overhead.
• Affordability: These spaces offer cost-effective alternatives to traditional offices with minimal capital expenditure (capex).
• Technology: Advances in remote working capabilities have increased the appeal of co-working spaces.
• Community and Collaboration: Shared environments foster networking and knowledge exchange among entrepreneurs.

Presence of Shared Office Spaces in India

• Over 350 shared office operators are active in India, with 90% being domestic players.
• These operators primarily offer co-working and incubator/accelerator spaces, with ~800 locations across the country.
• International operators focus on business centers and co-working spaces, with a preference for business center formats.
• 75% of shared office centers are concentrated in tier I cities (Bangalore, Delhi NCR, Mumbai), each housing over 100 centers.
• Hyderabad, Chennai, and Pune are also significant hubs.
• Incubators/accelerators are more prevalent in tier II cities, often supported by educational institutions.

Floor Plan of a Typical Co-Working Space

Co-working spaces are designed with a variety of functional areas to cater to different work modes and occupier needs:

1. Hot/Flexible Desks: Shared tables for collaboration and open workspace.
2. Private Office Spaces: Adjustable, temporary walls for focused work.
3. Meeting Rooms: Acoustically insulated for varied activities.
4. F&B and Café Services: A social and networking hub.
5. Event Area: Multi-functional for gatherings and social events.
6. Sitting Lounge/Break Zone: For informal meetings and guest interactions.
7. Reception/Help Desk: Provides secretarial and phone services.
8. Store Room: For storage, printing, and mail services.

Co-Working vs. Conventional Leasing

Challenges, Recommendations, and Way Forward

• Challenges:
  • Lack of standardization in terms and conditions.
  • Potential issues with long-term commitment and scalability.
• Recommendations:
  • Developers should focus on creating customized co-working spaces to meet diverse occupier needs.
  • Occupiers should prioritize flexible leasing terms and cost efficiency.
  • Operators should consider brand building and consolidation to strengthen market position.

Future Outlook for Co-Working in India by 2020

• Total space leased: Expected to reach 6–10 million sq. ft. in tier I and tier II cities.
• Preference for customization: Co-working will act as a key differentiator for attracting talent, especially millennials.
• Shift from traditional space deciders: Occupiers are increasingly focusing on business operations over real estate decisions.
• Future-proofing portfolios: Established corporates are showing a growing preference for co-working spaces.
• Short-term focus on gateway cities: Expansion is expected in Delhi NCR, Bangalore, and other major gateway markets.
• Long-term focus on emerging cities: A shift towards tier II cities and state capitals as future targets.
• Diversification of locations: Co-working spaces may also be developed in hotels and retail/mixed-use properties.

Key Takeaways

• Co-working spaces are a disruptive force in the Indian office market, driven by startups and corporates alike.
• Cost savings of 10–25% are achievable through co-working compared to conventional leasing.
• Tier I cities dominate co-working presence, but tier II cities are gaining traction, especially for incubators and accelerators.
• The future of co-working lies in customization, flexibility, and expansion into new markets and formats.