Future of Coworking Space

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FUTURE OF COWORKING SPACE
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What is coworking space?

• It is a private workspace for working
  professional such as
• freelancers
• work from home professionals
• startups with limited employees
• independent contractors
• research fellows
• in exchange of a monetary fee.
• It was first started by Brad Neuberg in 2005 at
  San Francisco.

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How coworking space is different from incubator
or accelerator?

• Incubator
• A place where startups are nurtured by giving
  office space, mentorship, training, investment
  support, and other shared resources until the
  startup idea is fully developed.
• It is like taking care of the baby bird until it
  is ready to fly and take care of his own.

• Accelerator
• It comes into play after the startups have a
  clear vision and roadmap for the goals. They
  provide mentorship, office space, investment in
  return of equity.

• Coworking space
• It is apart from these two.
• It provides office space and community
  connections for the startups, freelance workers
  and other working professionals who want to work
  together and yet be independent.
• They should provide a monetary fee to the renters
  depending upon the resource and the size of the
  space.

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Predicted number of coworking space by 2022

• According to GUCU survey, it is been estimated to
  produce approximately 31,000 coworking space
  around the world.
• It is a good sign to the future of sharing
  economy business

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How profitable coworking space is?
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• As there is an increase in coworking space, it
  crops a question whether they actually make a
  profit out of it.
• Yes, they do in fact.
• The three important people in this business are
  the landlords, coworking operators, and working
  professionals.

Coworking operators
Working professionals
Landlords
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For Landlords

• Real estate people started to rent the space to
  the coworking operators.
• Sometimes the landlord himself enters the market
  and self operate the shared space.
• Benefits
• Owners wont have much loss.
• Renting to big MNCs generate high revenues.

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For Coworking operators

• Opening a coworking space in big cities increase
  the revenue
• Bigger space, refreshments and a space to thrive
  different communities would increase the
  membership subscription.
• Advertising and word-of-mouth play an integral
  part in expanding the business.

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For working professionals

• Freelancers and work from home professional
  benefit from quiet spaces and yet feel connected
  with the community.
• Interaction with like-minded people.

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Providing helping hand to startups
Benefits
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WINDING UP

• The demand for coworking space is high but the
  supply is not met. That makes coworking space
  soar higher and prosper.

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Want to build your own coworking space platform?

Choose RentALL
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For Any Questions? Email support_at_radicalstart.
com Skype radicalstart Website
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