OCTOBER 20194siliconindiasiliconindiaThe demand for co-working spaces or shared offices is gaining momentum across the country and as many as 13 million people are expected to work out of such offices across India by 2020. Several startups and an increasing number of companies prefer co-working spaces to conventional office spaces due to lower rentals, savings on operational costs and a more flexible work environment. The trend is driven by multiple factors. Perhaps, the main attraction of co-working and why it appeals to so many millennial is the flexibility it offers. Thanks to technology!Interestingly, enterprises are opting for such spaces owing to higher flexibility, as well as greater ease in setting up offices without many administrative hassles. Flexible workplace operator companies are transforming into managed space operators, wherein they are offering the entire centre to a single tenant, who in turn is looking for quality space with some flexibility. This trend will continue in the future too. Along with the top three cities of Bengaluru, NCR and Mumbai, operators are likely to expand rapidly in Hyderabad, Chennai and Pune. According to CBRE, in the next few years, with office rents continuing to move up across India, the total space leased by co-working operators in tier-1 and tier-2 cities could touch 6-10 m sq. ft. by 2020. Over the years, several start-ups have collectively helped to create a novel form of business. These growing numbers of start-ups are utilizing co-working models to tap into innovative ideas, technology and to create a positive atmosphere for creative thinking and access to new ideas, approaches, or technologies.In our current edition, we have featured a list of "10 Best Co-Working Startups". These start-ups are known to foster creativity and communication and have become the go-to options for initiating and developing new ideas. We also recommend you to read our cover story on 2gethr, designed for fresh ideas and organic networking which allows true freedom and flexibility.Nandini MukherjeeManaging EditorThe way we work has changed!EDITOR'S NOTE Vol 05 · Issue 4 - 1 · October - 2019 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Monica Pallavi J Aparna Roy Riya Sethi Sales & Marketing Mukesh Babu K Tapas Ranjan Mallick Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalVisualisers Vimalraj Siva ShankarGM Sales & Marketing Amrit Singh
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