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AfterAndhra Pradesh lost Hyderabad (due to the formation of Telangana), Visakhapatnam (popularly known as Vizag) has steadily emerged as the state’s prominent IT hub. The state plays host to several national and multi-national IT/ITES and FinTech firms.
Since many of these companies encourage flexible work options, not to mention the global trend of freelancing and the rise of start-ups, the demand for coworking space in Visakhapatnam has been rising steadily over the past few years. To meet this growing demand, the city offers coworking spaces in Ram Nagar, Dwaraka Nagar, MVP Colony, Siripuram, Daba Gardens, Seethamadhara, Dondaparthi, RK Beach Road, Visalakshi Nagar, Waltair Main Road, etc.
Vizag’s work culture – an overview
Innovation and Startup Policy 2014-2020, the establishment of APIS (Andhra Pradesh Innovation Society) in 2014, and the launch of the Fintech Valley Vizag initiative in 2016 are some steps taken by the Andhra Pradesh government to boost the state's start-up ecosystem. Vizag alone plays home to over nine investing organisations (like iTAAP, Alcove Partners, Govin Capital, etc). All these coupled with the growing trend of freelancing has spiked the demand of shared office for rent in Vizag.
Coworking spaces in Vizag - the city’s approach towards them
The trend of using shared office space in Visakhapatnam to bring like-minded people together to work in an environment that stimulates learning, creativity, and growth, and is focused on collaboration rather than competition is catching up fast in Vizag.
Sunrise Incubation Hub, which was set up by NASSCOM (as part of the NASSCOM 10,000 initiative) in collaboration with the state government, is a leading name in the start-up ecosystem. The coworking space here can be used by select start-ups for free (for an initial 6-month incubation period, which could be extended later based on their performance). For workshops and meet-ups, a well-equipped community event space is available as well. Those looking for a coworking space in Vizag will find suitable options at several other locations too.
Top 3 reasons why you should opt for a coworking space in Vizag
All-inclusive facilities: Coworking spaces in Vizag are all-inclusive facilities with necessary infrastructure, furniture, utilities and appliances (microwave, coffee machine, etc). Thus, you can easily start using these plug-and-play offices without worrying about steep costs associated with renting or buying furniture, etc.
Collaboration opportunities and a sense of community:Working from home can be distracting and make you feel lonely. Working at a coworking space in Vizag would let you meet other professionals, thus paving the way for positive social interactions, shared learning, collaboration, and networking opportunities. All these would make you feel part of a community and give you a sense of belonging.
Become more productive at work: Since everyone at a coworking space in Vizag is busy on his/her passion projects, the buzz will motivate you and help you to make your own project/business a success.
Best coworking spaces in Vizag
If you need a cost-effective coworking space, Vizag offers the following that are worth a look:
Vizag First Office
Located near Hotel Green Park (below SBI in Ram Nagar), Vizag First Office (or VFO as it calls itself) is the city’s first fully-managed coworking space. From team workstations to meeting room, training room, private cabin, and private cubicle, this coworking space in Visakhapatnam offers them all. Amenities on offer include AC, ergonomic adjustable chairs, high-speed internet, and basic pantry services, to name a few.
Those looking for an affordable plug-and-play shared office space in Vizag will surely find VFO’s Ramnagar location ideal. Though the space primarily stays operational on the weekdays between 8 am and 8 pm, it can accommodate (under special circumstances) night or weekend working hours at an additional cost. The collaborative and dynamic work environment of VFO lets you meet and network with other professionals, thus encouraging the sharing of ideas and leveraging peer networks. While a daily Day Pass per seat costs ₹300 per person, the monthly cost per seat is ₹3500 per person. Training rooms are available for half day (4 continuous hours at ₹2000), full day (8 continuous hours at ₹3500), and full week (6 working hours at ₹20,000).
The Coworking Space
Founded in 2018 by Ramee Roy Reddy and Narendra Kaveti, The Coworking Space - a unit of 2nd Universe.Com, India, offers coworking spaces spread across Visakhapatnam, Tirupati, Nellore, Vijayawada, Hubballi, Mysore, and Mangalore. Situated on Dwaraka Nagar Main Road (beside Central Bank of India), the Vizag location offers hot desks, private offices, meeting halls, conference rooms, and shared office for rent with all necessary amenities (like high-speed internet, front desk staff, refreshments, personal locker, housekeeping service, etc).
Playing host to a community of mentors, coworkers, and advisors, The Coworking Spaces let you work in a growth-ready environment where learning and sharing never stops. From informational webinars to networking opportunities, this shared office for rent in Visakhapatnam offers an environment conducive to improved productivity, growth, and success.
NANOSPACE
NANOSPACE based in Dwaraka Nagar offers shared office space in Visakhapatnam, Hyderabad, and Vijayawada. Vizag coworking spaces are available across various locations such as Dwaraka Nagar, MVP Colony, Siripuram, Daba Gardens, Seethamadhara, Dondaparthi, RK Beach Road, Visalakshi Nagar, etc. From fully equipped shared office spaces and private cabins to meeting rooms and conference rooms, NANOSPACE offers them all. While working at these shared office spaces, you’ll get to meet peers and like-minded professionals from other fields, with whom you can network to learn, collaborate, and boost your market-access and growth. Depending on your choice of coworking space in Visakhapatnam, the cost would vary from ₹5,500/seat to ₹6,500/seat.
Qubexpro Business Centre
Qubexpro Business Centre located on the fourth floor of V Mall, Lifestyle Building, Waltair Uplands offers a fully furnished shared office for rent in Vizag. Those looking for a coworking space in Visakhapatnam that’s designed to meet global working hours will find Qubexpro Vizag quite suitable. Qubexpro Visakhapatnam offers a wide range of high-quality coworking spaces along with meeting (hourly, half-day, or full day) and conferencing facilities for corporate presentations, conducting interviews, board meetings, and day-to-day office meetings.
Some of its USPs are a prime location, 24/7 work hours, car parking space, 24/7 access to the centre, valet and usher service, and a 3-way security system. Working at Qubexpro Vizag would give you the opportunity to work together with small teams and freelancers in a single, shared office environment. Additionally, you can network and collaborate with other professionals from fields as diverse as finance, business, design, web design and development, law, marketing, etc.
Regus
Regus is the leading provider of flexible workspace solutions across the world. Its network includes approximately 3000 business centres that cover almost 900 cities across 120 nations. In Vizag, its hot desk and permanent desk solutions are designed to encourage agile working for start-ups, freelancers, and SMEs.
At present, Regus Vizag offers one coworking space at Waltair Main Road. This place also has office space for individuals or teams of any size, a business lounge that can serve as a meeting space or an informal drop-in at work, and meeting rooms for interviews, presentations, and client pitches. Some amenities on offer include videoconferencing, on-site coffee bar, terrace/outdoor seating area, and on-site/nearby parking. While coworking space at Regus Visakhapatnam costs ₹377/day, meeting rooms are available at ₹1,800/hour and offices cost ₹434/day. These rates are the minimum price per person based on a biennial contract or lowest rates available.