A Complete Guide to Rent A Coworking Space in India
Coworking is the best way to bring independent professionals, startups, SMEs, and big corporates under a common roof, and help them interact and work together. Renting a coworking space holds a tremendous potential of benefits for you and your business if done correctly. The foundation is, of course, to rent a coworking space that is just right for you. It is crucial to choose a space that would deliver the benefits it was meant to deliver.
You can save 60%-70% on your expenses by working out of a coworking space. In a traditional office, you pay for the lease cost, furnishing, amenities, security, etc, while with coworking, you pay per seat. To help you maximize your business savings, we bring to you a complete guide to rent a coworking space in India.
Create a complete list of the options you have for coworking spaces in the city of your choice. Also explore the types of shared workspace options available, like shared desks, dedicated workstation, cabins, virtual office, etc. Choosing a workspace that is best suited for you can give you your money’s worth and help you avoid unnecessary expenditure.
Check the ambience and the work environment at the coworking spaces in your city. The work environment must work for you not just personally, but also professionally. The ambience of the office space should be comfortable for you and should be perfect for the nature and the needs of your business.
If networking is important to your business, look for a coworking space with a vibrant community and great networking opportunities.
Evaluate the hidden costs
Before renting out a shared workspace, check for all additional costs that you will have to bear. Get acquainted with the regional laws and GST to make an informed decision regarding a coworking space.
Bonus Costing Tip: The coworking agreement must contain Price Per Seat, instead of a lump sum amount. This is especially helpful in case of an increasing or decreasing team size.
Evaluate the free amenities
The core concept of coworking revolves around the provision of free amenities and facilities to meet all business requirements of their members. Furnishing, internet connectivity, pantry, office equipment & appliances, power backup, and security are some of the very basic amenities you should check for, including others.
Agreement & Termination Clause
First and foremost, ensure that the coworking agreement contains a clause that states that this is a service agreement. The word “rental” should not make part of the agreement.
Also, check the specifics of the termination clause before renting out a coworking space in India. This is essential to avoid any miscommunication or leave any loopholes in your agreement.
Every coworking space has their own set of policies and codes of conduct. Make yourself aware of these policies and etiquette before renting out a shared office space and working out of it. This will not only help you fit in but also avoid unnecessary problems in the workplace.
Time saved is time spent growing!
Select a space where the commute is not going to be a hassle for you or your team members. Eliminate the options that are far off.
InstaOffice coworking spaces in Delhi NCR and InstaOffice coworking spaces in Bangalore are located at some of the best locations. This ensures that your time and effort are not wasted and you get the best of the synergy opportunities that come with working out of the prime locations of a city.
Get a Customized Quote
Enquire about special packages with the coworking spaces. List out your exact needs and get a customized package. These coworking packages and prices can be designed to meet your specific requirements.
Download this Coworking Space Checklist
Also read, What is Your Work Culture Personality? Corporate vs Startup
I’m currently looking for coworking spaces around Asia and I don’t know what are the best for India. I’m kind of hesitating about renting one because from what I heard, there are a lot of places in India where there is heavy traffic.
i have a space on national highwya near big industries.