Coworking Spaces have turned into the exemplification of the cutting edge working environment, offering flexibility, customized office designs and community however Coworkers from Redbrick Offices Business Centre Hyderabad, says the advantages reach out to business' bottom line too. Redbrick Offices has uncovered that the cost of collaborating with coworking spaces & business centres can be twenty-five percent lower than that of a traditional office rent.
Redbrick Managers has compared a traditional office lease in Hyderabad with space of its own in Gachibowli, Financial District and Madhapur. The number of coworking space in Hyderabad is growing undoubtedly and this strong growth has no signs of slowing’s as this solid development has no indications of abating as developing organizations are drawn towards the adaptability that cowokring spaces offers, enabling organizations to scale here and there rapidly..
The present Hyderabad renting market is amazingly trying for occupiers. Opening are heading towards noteworthy lows, prompting strong rental climbs and littler impetuses, the mix of which puts extra weight on business edges.
“With occupier demand particularly more for 4-5 person office space, coworking setup provide a valuable alternative to a traditional lease and with the additional benefit of cost savings and flexibility of term, this is something which businesses are considering more seriously than ever before.
Early 2019 will also see changes to Indian accounting lease standards, with companies that lease assets having to recognise these on the balance sheets. Some coworking spaces lease agreements may be exempt from this, providing an attractive leasing solution to businesses.