How much you save by co-sharing offices

Co-working spaces are increasingly finding favour as individuals, startups and even large companies recognise their cost benefits.

ET Wealth checks out different cities to calculate how much you save by opting for co-sharing workspaces.

Initial fixed expenses include refundable deposit, furniture, installation of electrical fittings and gadgets.

Monthly expenses include rent, paperwork, hiring of conference facilities for meetings, salary of support staff, electricity and Internet charges.

MUMBAI
The deposit for rented office space in Mumbai is much higher than in other cities.


Lower Parel


Vashi


PUNE
A supply crunch has pushed up rents in the city.

BMCC Road

Hinjawadi


HYDERABAD
Demand has outpaced supply of office space in this IT hub.


Gachibowli


Banjara Hills



BENGALURU
Commute time between commercial and residential areas an issue


Whitefield


Ashok Nagar


CHENNAI
Though monthly rent for offices spaces is low compared to other metros, the security deposit of 8-10 months of rent is steep.


Egmore


Adyar


DELHI
Despite flight of cost-conscious tenants to satellite cities, leasing remains healthy in new and premium properties.


Okhla


Netaji Subhash Place


GURUGRAM
Tenant demand for high quality office spaces remain strong.


M.G. Road


DLF Phase I



KOLKATA
High vacancies have kept demand subdued and costs low in this city.


Salt Lake City


Ashutosh Mukherjee Road



Notes: In co-working spaces, there is a lock-in of 3-6 months (clause varies from company to company). Figures sourced from Magic Bricks.

All figures in Rs

Assumptions : Co-working space for 3-5 seats ; Rented space of 300 sq ft