kochi increasing land price and difficulty in finding large contiguous parcels of land in kochi is compelling developers to explore the possibilities for developing coworking spaces the advent of startups as well as interest shown by various corporate companies in setting up office spaces in the city is pushing realty developers to focus on building structures which facilitate coworking spacesa few guys here are seriously considering the possibility of developing such spaces said creadi representative m v antony he said that many startups and multinational companies who want to open their office but at the same time did not want to make major investments for setting up an office could choose to rent out a trendy space in a building which provides worldclass amenities coworking spaces will help in saving on the additional cost spending for furnishing maintaining support staff and installing power and water supply systems and providing other amenities and resources for the three or four employees employed by them these spaces can be rented for three or four years there will be immense scope for business development and network working later if required they can move out and set up their own spaces added antonyin the survey unravelling kerala real estate a study on kochi trivandrum and thrissur released by credai it has been stated that land rates are expensive in kochi and large contagious parcels of land are difficult to find the asking rate is in the range of rs 45rs 60 crore per acremost of the office spaces consist of standalone structures built on a plot which is less than an acre also a large portion of the office stock comprises of mixeduse structures with lower and upper ground floors dedicated to retail which commands lucrative rentals as compared to office spacesin the central business district cbd regions like mg road the rental rate per square feet falls in the range of rs 5080 in regions like kadavanthara and panampally nagar it is in the range of rs 4560 per sq feet in the secondary business district sbd east regions from edappally to vyttila junction nh bypass commands rent in the range of rs 5575 per sq feet meanwhile in the peripheral business district pbd which include kakkanad the rental rate per square feet is in the rage of rs 4047 info park phase 1 and rs 3537 info park phase iiwhile most of the tenants occupying the structures in the cbd are banks and financial institutions the tenants in pbd are technology and software service providers the spaces available at sbd east are mostly leased outceo and country head of jll india ramesh nair said cbdsbd is a dense cluster where not only the land rates were expensive but demolishing an old structure and reconstructing it was also very expensive