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Why Coworking Spaces in Bangalore have seen an Exceptional Rise in Demand?

by Will Smith
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Last modified on June 2nd, 2023 at 11:37 am

Bangalore has been one of the most prominent regions in India to commence or expand a business model. The capital city of Karnataka is home to several large Indian business enterprises and a plethora of MNCs. There are several factors that make this city an ideal location for business entities as they actively seek to lease a managed office space in Bangalore to expand and grow. Bangalore is known for its ease of doing business, and the city has been constantly ranked one of the top destinations for starting and running a business in India. If you’re also looking for flexible office spaces in Bangalore, then this blog is surely going to provide some value.

Bangalore is known for its robust infrastructure that includes world-class airports, highways, and a reliable public commutation system. Apart from this, the city is packed with a well-educated, experienced, and skilled workforce that includes a large number of engineering and management blokes. The availability of talented working professionals. All these factors attract business entities to lease shared office space in Bangalore at a prime location. Moving further in this blog, we will shed some light on the elements that are causing a high rise in demand for managed workspaces in Bangalore.

7 Reasons Behind Rise in Demand for Flexible Office Spaces in Bangalore

Bangalore is also known as the Silicon Valley of India because the city has a huge number of IT businesses, and it is also the leading information technology (IT) importer of the country. Given below are some of the major reasons that are constantly raising demand for office spaces in Bangalore.

  1. Thriving Startup Culture:
    Bangalore has many names, and another name of the city is the startup capital of India., The city has a vibrant startup culture which attracts many entrepreneurs and startups. Many of them prefer to work in managed workspaces because they are highly cost effective and offer a collaborative work environment. The availability of co-working office spaces in Bangalore has been a boon for these startups and large business entities as they can now have professional workspaces without having to invest a significant amount of capital.
  2. Networking Opportunities:
    Bangalore is one of the best cities when it comes to connecting entrepreneurs from different business domains frequently on several occasions. Having managed workspaces provides a great opportunity for professionals to network and collaborate with like-minded individuals. Many coworking spaces in Bangalore offer events, workshops, and networking opportunities that facilitate collaboration and innovation.
  3. Cost-effectiveness:
    Managed workspaces offer a cost-effective solution for large, medium, and growing business entities that are looking forward to switching from traditional office spaces. These modern-day workspaces in Bangalore offer a range of pricing options, which allows businesses to choose as per their business needs, budgets, and requirements.
  4. Infrastructure and amenities:
    Managed Office spaces for MNC in Bangalore offer top-notch infrastructure and amenities, including high-speed internet, meeting/conference rooms, smart café, Pantry, gaming zones, medical and snooze rooms, and much more. These amenities are essential for professionals who need a conducive work environment to be productive at the workplace.
  5. High Density of Investors:
    The availability of investors is one of the most captivating elements that attracts numerous business entities to lease an enterprise office space in Bangalore. It is believed that finding investors and raising funds in Bangalore is handy as compared to other tier-1 cities in India. 

Therefore, these are some of the major reasons that are causing a high demand for office spaces in Bangalore. If you’re also looking for the same, then you can always connect with the platforms that are best in the business. One of the most prominent players in the commercial real estate market is Smartworks. Smartworks is India’s largest platform for managed office spaces as they aim to provide fully-furnished and tech-enabled workspaces that are backed with a plethora of modern-day office amenities. 

Smartworks was founded in 2016 by Neetish Sarda and Harsh Binani with the vision of elevating the office experience for large, medium, and established business enterprises. Given below are some of the most prominent commercial buildings that are located at prominent locations where you can lease enterprise office spaces in Bangalore.

  1. Outer Ring Road 
  2. Millers Road 
  3. Millers Road 
  4. Shanthala Nagar, Ashok Nagar 
  5. Varthur Road, Next to SKR Kalyan Mantapa, Thubarahalli. 
  6. Raja Ram Mohan Roy Road, Sampangi Rama Nagar 
  7. Kasaba Hobli, Bangalore North Taluk 
  8. Bellandur  

Overall, the rise of coworking and managed workspaces in Bangalore reflects the changing work culture in India, and the need for flexible, collaborative, and cost-effective work arrangements.

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