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Feasibility Snapshot: What’s the Coworking Demand in Coimbatore, India?

We performed a Coworking Demand Analysis for a Coimbatore city, Main neighborhood to understand what is and is going to be the most in demand types of coworking for the Dec-Feb 23. We have some exciting findings for you.

Our Data-Driven Process

Propques unique formulas and tool sets use the dynamic datasets that McDonald’s, Target, and Starbucks use to plot out their next locations. We’ve used our experience of operating coworking spaces for 7 years and as market researchers to develop a process and algorithm specifically for the coworking and commercial real estate industry. The datasets uses buyer and lifestyle profiles and we’ve correlated each profile with successful coworking markets and forward looking trends. Each profile is graded on their likelihood of joining a coworking space and the type of coworking space they would be most interested in.

All of that data is combined with other local factors (density, mode of transportation, education, etc.) that determine the likely success and size of coworking spaces that can be sustained in the area. The result projects how much coworking space can be sustained in the area the type of coworking (High-end Flex, Mid-range Flex, Executive Suite, etc) that will be most in demand.

Coimbatore

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Demographics

Each pin code’s population is broken down into demographic tapestries that represent the residents’ income and lifestyle. These are the top 4 for your pin code:

Saravanampatty

It is a prime Locality near prozone Mall, saravanampatti. Best for residential and office purpose. 100 meters from prozone Mall. 100 meters from coimbatore- sathyamabgalam highway. Near schools, colleges, banks, departmental stores and corporate offices. Interested buyers mostly welcome.he Defence SEZ is just 12 km from Saravanampatty. Due to average personal income in Saravanampatty locality is more since more concentration of high net worth individuals are residing here. The service sector is growing fast in this locality. Leading international schools in and around saravanampatty gives clear view of the locality advantage. It is one of the fast-growing neighborhoods of Coimbatore, because of invasion of IT companies surrounding and education institutions. Major IT Companies located in Saravanampatti. Amazon, Bosch, Cognizant, Dell, Ford, HCL and Altran Technologies.

Airport: 9.5 Km | Railway Station: 11.2 Km

43.46 % of your area’s population falls in this category. This segment is graded A for coworking compatibility.

Ganapathy

Ganapathy is a densely populated residential cum commercial locality in Coimbatore. Bharati Nagar, Sri Shivasakthi Nagar, Shivaram Nagar, Ganapathi Maanagar are some of the nearby localities. Proximity to the airport, employment hubs like Tidal Park, and good social and retail infrastructure are fueling the real estate growth in this area.Prominent employment hubs like Tidal Park (3km), KCT Tech Park (7km), Chil SEZ IT Park (9km), Target Tech Park (9km), among others are located in the vicinity. Apart from these IT tech park industrial estate such as SIDCO Industrial Estate (17km) and COMSIA Industrial Estate (21km) that comprises of many small and medium scale industries are also increasing employment opportunities.

Airport: 9.8 Km | Railway Station: 5 Km

38.56 % of your area’s population falls in this category. This segment is graded B for coworking compatibility.

Gandhipuram

EGandhipuram is a residential cum commercial neighborhood located in the center of Coimbatore. It is a major hub for the intracity bus nodal services. The locality is strategically located close to It is surrounded by localities like Ram Nagar, Tatabad, Rathinapuri, PN Palayam, Sidhapudur, and Sivananda Colony. Prominent shopping avenues, proximity to IT tech parks like KCT Tech Park, and excellent connectivity by road and rail links are driving the growth of real estate. Prominent employment zones such as Tidal Park Coimbatore IT Wing SEZ, Elcot SEZ, KCT Tech Park, Chil SEZ IT Park, among others are located within 8-11 km. These tech parks are home to corporate companies like Wipro, HCL, Bosch, Aricent, among others. Along with these IT parks, there is industrial estate such as Anna Industrial Estate (1km), SIDCO Pvt Industrial Estate (9km), etc. that are boosting employment opportunities.

Airport: 10 Km | Railway Station: 3.9 Km

27.84 % of your area’s population falls in this category. This segment is graded C for coworking compatibility.

Kalapatti

Kalapatti is a rapidly growing residential cum industrial locality. It is situated in the north-east region of Coimbatore. Balaji Nagar, Veeriampalayam, Kaikolapalayam, SS Kulam are some of the nearby localities. Proximity to airport, increase in employment hubs such as Global Tech Park and well-connected to NH 47, NH 209, and SH 678 are driving the real estate growth in this area. Casagrand Nextown, KR Villa Park, Sakthi Arum Lily Villa are some of the key residential projects in this area.Kalapatti is home to many machining and motor industries. Motor pump set brands such as Sharp, Ventura, Point, and Fisher have units here. Along with these Indus Electronics India Ltd and Hykon India Ltd, a solar water factory is also located here. Furthermore, IT tech parks such as Global Tech Park (1km), KCT Tech Park (7km), Chil SEZ (8km), Tidal Park (8km), among others are located in the vicinity.

Airport: 5.5 Km | Railway Station: 13.3 Km

15.76 % of your area’s population falls in this category. This segment is graded D for coworking compatibility.

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How Much Flex Office Can Be Sustained in Coimbatore?

Based on our coworking demographic data for the region, Coimbatore location, and the city upward trend, Propques predicts the city support 44,138 square feet for next quarter Dec-Feb23.

A Mid-Flex or Modern Executive Suite will be the most successful types of flexible office space in Coimbatore. We have a list of types of properties that these models work well in inside the report.

What can you do with this data?

The Coworking Demand Analysis report is a great first step to evaluate coworking’s potential for a building you may own or area you are interested in expanded to. It’s an unbiased market research approach to evaluating the potential for a space in a quick and affordable way.

If you are interested to move forward in learning more about coworking’s potential at a location then you’ll likely want to work with a professional and ask about a Focus and Feasibility Study. The Propques consultant will create a targeted area, evaluate the competition, and build out a business model and P & L based on realistic expectations, data, and experience.



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