Showing posts with label Lahore Coworking Spaces. Show all posts

Wednesday, May 15, 2019

The Future of Coworking space in Lahore

on May 15, 2019




The Future of Coworking Space in Lahore and Pakistan


When employees redefine the finish line from the corner of the office into autonomy and work-life balance, you can bet that the office landscape will change dramatically. We have seen a rapid appearance of offices throughout the world. However, this is not only a push but a motivation for cooperation - autonomy, independence, choice, and meaning - that changes the face of the Coworking Space as a whole.

coworking-space-future-Lahore


However, coworking spaces cannot fully take over the traditional workplace. One of the challenges of working together is the vulnerability of the revenue model. Because most operators usually have other industries that are not related to space owners, this can mean a steep learning curve. Coworking itself is a fragile business, and there is not a high profit margin, so all your income comes from membership fees, especially if you are not a property owner - and most are not - big risk Leasing contracts are highly dependent on market fluctuations. When the lease period ends, some owners rent up to 30%. Suddenly, a perfect and profitable business works very hard just to exist. Many shared workspaces recognize the vulnerability of models trying to buy the place or add additional revenue streams.

Many smaller shared workspaces in Lahore model workplaces as services. By focusing on other value-added services and revenue streams that enhance members' experience, they give employees more benefits over a home office, cafe or even corporate offices. This is not only part of profitability that determines this type of coworking space in Pakistan. Services and facilities really encourage people to join shared office or coworking spaces. Thus, these independent joint workspaces in the future will be like the steroid for co-workers.



 Mangospace Coworking space in Lahore will become a new, sophisticated model with many "all-in-one" services. The core benefits will be private office cabins, meeting room, and kitchen, and future facilities will also be included in many other good facilities to provide members with a rich experience we don't rely entirely on membership fees to pay fees - spaces that benefit users and owners
Digital platforms will play an increasingly important role in modern workspaces in Pakistan. Informed by input and feedback from existing members, developed a new technology platform for fast collaborative communities that enhances "Grinders" enabling better communication and collaboration with each other, providing a useful and productive experience in providing collaboration. This new application offers entrepreneurs the opportunity to connect with Grind experts easily, they must support, maintain, and develop their own small business, while independent consultants connect Grind, advertisers with projects that will be the key to their success. For example, if you enter a "lawyer", all members who are lawyers are returned and you will be notified if they are now within the scope. If this doesn't happen, you will get a simple platform that you can reach. Today, working together is still very meaningful to many people: there are so many choices, depending on space, hours, comfort, and so on. Because the market is better defined, chances are there will be consolidation of best practices and service.



One of the new facility co-working space in Lahore Pakistan are introducing, members can work from the location of all members as they travel and set the appropriate level of work, so that visitors can expect that experience wherever they need to work. Because more and more companies are considering collaborating and treating them as employees, the market needs a tighter definition of what qualifies as "acceptable. Our biggest challenges and opportunities are not employees but competitors when the market develops.

We see extraordinary trends in the joint venture model instead of independent shared workspaces and trust in real estate investments, landlords, and companies are beginning to use their experience as a convenience company to hire space operators. Big benefits for both parties and a big reduction in risk in the financial model. Overall the future of co-working shared spaces in Lahore is quite very bright as there are already more than 30 coworking providing best facilities to the community & this number will increase very fast in the future as well.

here is an interesting video about the future of coworking its really interesting so I thought I should share it with my readers!



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