Free Office Spaces for Startups

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Free Office Spaces for Startups Signing a
permanent office lease is a big threat even for
big organizations. Its tough to identify how
much space you will require in a year or
two. And, if something goes wrong, you could be
left with vacant desks and serious bills to pay.
Similarly, entrepreneurs dont feel like paying
for real estate until they are sure that the
project is going to fly. At the instance of
starting up, expenses of setting up an office can
be a main stumbling block for entrepreneurs. But
these days startups are finding rent- free
workspaces. There are accelerators which provide
this ability to start ups, usually in swap over
equity. But at present entrepreneurs are
searching other types of free space close at
hand. Here are 3 types of workspaces that
entrepreneurs can get for free
1. Community-Sponsored Space To support fiscal
development, chamber of commerce in a few cities
offer free office space with the help of
local government and businesses. The
programs need free office space with the
assistance of local government and businesses.
These programs need entrepreneurs to put forward
a business idea and show its growth
potential. Possessing physical office space
is very legitimizing. Meeting with business
people and accountants in the free office
space rather than at home makes a huge
difference. Startups are also stimulated to take
part in group events.
2. Co-working Space
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Co-working spaces provide an office-like
atmosphere free of cost to
entrepreneurs, generally lone founders who
would otherwise be working from their homes.
Organizations interested in aiming
entrepreneurs run these competencies, and
some have an application process. The
shared space also gives a routine to
entrepreneurs and keeps them from going
unoccupied at home. But these are unlike
regular office. Most co-working spaces have
big tables, making it difficult to make
phone calls or hold meetings due to noise
level. You also cannot add employees easily
because of inadequate space and shortage of
dedicated desks.
3. University Space To develop entrepreneurship
on campus, a lot of universities provide free
office space through on-campus incubator
programs. Claimants must offer a practical
business strategy to meet the criteria for
space, and nearly every university incubators
need that at least one member of the
startup be an alumnus or student.
Bangalore Surpasses Demand for Office
Space Cushman Wakefields (CW) and Global
Real Estate Institutes (GRI) yearly report
Embracing Change Scripting the prospect
of Indian Real Estate estimations the total
commercial office space requirement to be just
about 200 million sq. ft in the leading 7 cities
as against a slightly higher supply of 243
million sq ft. The report considered
demand and supply for Mumbai, NCR,
Chennai, Bangalore, Pune, Hyderabad and
Kolkata in which Cushman Wakefield
Research team, projected demand and supply for
the period 2011-2015.