Coworking spaces are the new kid on the block that has gone viral in very little time. Their popularity skyrocketed ever since the concept was first introduced. However, due to the ongoing coronavirus pandemic, coworking spaces have taken a severe hit across the globe.
As the situation improves in developed and developing countries, coworking spaces are making a highly-anticipated comeback. Coworking spaces in Karachi are now finding it challenging to accommodate entrepreneurs after revising their packages.
Since 2009, the coworking sector has grown almost 26% per year, on average. It is responsible for 78.6 million square feet of office space across 54 major metro areas, according to 2019 data from real estate firm CBRE.
Coworking spaces in Karachi, particularly CoSpace 1.0 and CoSpace 2.0, are offering very feasible packages to members during these dark and uncertain times. CoSpace 1.0 is situated at the heart of Karachi’s corporate area, Shahrah-e-Faisal while CoSpace 2.0 is located in another densely populated area of the metropolis, Federal B Area.
Many coworking spaces are operating out of Karachi, such as Workhall, Cospax, Bullpen, and Codesk. However, when it comes to an ergonomic work environment and attractive pricing, CoSpace 1.0 and CoSpace 2.0 lead the pack.
The key to attracting new members and budding entrepreneurs is to provide fully transparent pricing on your website, and CoSpace 1.0 and CoSpace 2.0 are doing just that. According to CoSpace Pakistan, CoSpace 1.0 at Shahrah-e-Faisal is providing a single desk as a coworking space for PKR 12,000 per month, and a private room for three persons for PKR 50,000 per month. Moreover, CoSpace 1.0 is offering a private room for five persons at an attractive monthly rate of PKR 70,000, and a private room for ten persons at a monthly cost of PKR 110,000.
Whereas, CoSpace 2.0 at Federal B Area, opened at the beginning of 2020, has slightly different monthly rates. It is providing a single desk as a coworking space for budding entrepreneurs for PKR 10,000 per month. Furthermore, CoSpace 2.0 is offering a private room for six persons at a monthly cost of PKR 75,000 and a private room for 12 persons at an attractive monthly price of PKR 100,000. Also, CoSpace 2.0 is offering entire dedicated office space for a business having a maximum capacity of 24 persons, to run its operations and pay a monthly cost of PKR 200,000.
Both CoSpace 1.0 and CoSpace 2.0 provide ergonomic facilities that include high-speed internet connection, tea and coffee, a backup generator facility in case of a power outage, and a dedicated gaming zone. Moreover, both coworking spaces are also providing their valued members with housekeeping, drinks and snacks, call forwarding facility, and access to an ethereal outdoor lawn to relax.
Coworking spaces in Karachi are opening up to help entrepreneurs and small businesses work in a super-productive environment and meet other like-minded professionals at the same time. This is assisting members with networking and sharing valuable ideas to expand their businesses. Coworking spaces are very much the future of work, and they are here to stay.
The concept of Cospace started as a direct result of startups, freelancers and entrepreneurs being unable to find a facility that boasted all the amenities – as well as a place where they could creatively focus all their strengths and meet other like-minded professionals to network with.