The Top Coworking and Managed Office Operators in India

Shyam Nagarajan / Reading Time: 4 mins

The concept of coworking spaces and managed offices has gained immense popularity in recent years, providing flexible workspace solutions for individuals and businesses alike. India, being a hub for startups and entrepreneurs, has seen a rise in the number of coworking and managed office operators across the country.

In this article, we will explore some of the top players in this industry and their unique offerings.

Premium Coworking Operators

WeWork: The Global Leader

When it comes to coworking spaces, the most well-known brand both in India and worldwide is WeWork. WeWork has built a reputation for its premium spaces and vibrant community. Although there have been concerns regarding the financial troubles faced by WeWork in the United States, it is important to note that WeWork India operates independently and is not affected by these issues. So, if you choose to go with WeWork India, you can be assured of a stable and reliable workspace solution.

Keep in mind that WeWork is a premium brand, and the cost of renting space can be higher compared to other providers. On average, a WeWork desk in a cabin can range from Rs 20,000 to Rs 22,000 per month. If you require a larger space with ten seats, you can expect to pay around two lakhs or more as your rent. WeWork is often preferred by startups and companies with a younger workforce.

Cowrks: A Premium Choice

Another prominent coworking brand in India is Cowrks. While Cowrks is also a premium brand, it is slightly more affordable compared to WeWork. It is worth noting that Cowrks is part of Blackstone, one of the largest real estate companies in the world. This affiliation ensures the stability and reliability of the spaces they offer. Cowrks is known for its spacious cabins and well-appointed workspaces, making it an excellent option for those looking for a premium coworking experience.

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Middle-Tier Coworking Brands

If you're looking for coworking spaces that offer a balance between affordability and quality, there are several middle-tier brands worth considering. Innov8, AWFIS, and 91Springboard are three popular options in this category.

Innov8 is known for its creative and innovative workspace designs. They have been expanding rapidly across India, launching new centers almost every month. AWFIS, on the other hand, has the widest network of coworking spaces across the country, making it an ideal choice for companies with multiple city operations. 91Springboard, one of the oldest homegrown coworking brands in India, has a strong connection with the startup community.

The cost of renting space in these middle-tier brands can vary from city to city. For example, in Chennai, an AWFIS desk can range from 7.5 thousand to 12 thousand rupees per month, while an Innov8 space is typically around 9.5 to 8.5 thousand rupees. 91Springboard falls into a similar price range, with an average cost of 9 to 10 thousand rupees per seat per month.

Economical Coworking Spaces

If you have a limited budget but still desire a coworking environment, there are economical brands available as well. OYO Workflo, iKeva, and One Co.Work are some of the players in this segment. These brands offer fully furnished offices at more affordable prices.

The key difference with economical coworking spaces is that they might not provide as many common amenities or spacious areas. Additionally, their offices are typically housed in standard Grade A commercial properties rather than skyscrapers or tech parks. While OYO Workflo falls on the more economical end of the spectrum, One Co.Work is closer to 91Springboard and Innov8 in terms of pricing and offerings.

When considering coworking spaces in India, it is important to note that a typical coworking environment is designed to provide networking opportunities, creative spaces, and shared amenities. Therefore, the budget for such spaces generally starts from around 6,000 rupees per seat per month. If your budget is closer to 4,000-5,000 rupees, it might be more suitable to explore shared office operators or business centers that focus more on optimizing desk space rather than providing extensive common areas.

Final Thoughts

The coworking and managed office landscape in India offers a diverse range of options to cater to various budgets and preferences. WeWork and Cowrks are popular choices for those seeking premium spaces, while middle-tier brands like Innov8, AWFIS, and 91Springboard strike a balance between affordability and quality.

For those on a tighter budget, economical brands like OYO Workflo, iKeva, and One Co.Work provide fully furnished but more compact spaces. With such a variety of providers available, individuals and businesses have the opportunity to find a workspace that aligns with their needs and priorities.

Category: Coworking

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