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The Co-working segment has witnessed a strong growth in India in 2018 with the market growing at the rate of 16 per cent year-on-year.
Check benefit The industry expects to hold on to this momentum as the demand for private co-working spaces increases in the next 12 months.
The industry expects to hold on to this momentum as the demand for private co-working spaces increases in the next 12 months.
Not only startups but SMEs and corporates are also moving to the new way of working increasing the average occupancy per desk to 1.2 members,” he said.
Meanwhile, Sudeep Singh, Chief Evangelist and CEO, GoWork – world’s largest co-working facility, said that a new wave of managed offices has emerged to fulfill the needs of millennials.
As the players shifted their focus towards hospitality, a new wave of premium and managed offices has emerged to fulfill the needs of the millennial clientele,” he said.
He said that players will also merge with niche service providers to enhance their brand offerings and carve an unparalleled niche for themselves.
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Originally Published on December 31, 2018 at 12:50AM
Article published originally via “coworking” – Google News https://www.zeebiz.com/companies/news-co-working-industry-grows-by-16-in-2018-hopes-to-hold-on-to-momentum-in-2019-78180