Hyderabad co-working spaces seek to have rent revision.

Over a time when industry forecasts suggest that the co-working market would experience a major shock as a result of the lockdown because they cater for a wide portion of start-ups and medium-sized enterprises, major players in the city claim they are drawing up plans to tackle the situation – from increasing working hours and rent revision to raising hygiene quality and implementing social distance norms.

“Some of our clients have demanded discounts, waivers or deferment for rent payments. We are exploring our options right now, “said Table Space Technologies co-founder Karan Chopra, who has six lakh square feet (sqft) of leased space in the city.

However, the firm is not too troubled by a reduction in seat strength, as it deals primarily with big corporations.

“We certainly don’t have anyone moving out of our spaces,” Chopra said while agreeing with the industry that experienced at least two-quarters of a “flattened curve.”

The condition is almost the same in the case of Awfis-another significant player.

“The customers are more cautious today. A limited number of consumers (3% to 4%) are not coming back. But most others either are looking at a reduction — in rent or amount of seats — or are happy to stick with the current layout,” said founder and CEO Amit Ramani.