315WORK AVENUE SIGNS DEALS FOR 700-SEAT WORKSPACES IN BENGALURU

Expanding its footprint in the vibrant city of Bengaluru, 315Work Avenue, a leading co-working space provider has announced signing 700-seats with two companies spread over 37,000 sqft in two prominent areas, Koramangala, and HSR Layout.

While one company is a New-York based American advertising company, the other is a global manufacturing company with world-wide presence in 15 countries. With these two agreements, the company has signed around 5,000 seats over the last six months of this financial year.

315Work Avenue currently manages around 20,000 seats spread over 1 million sqft office space across 20 centres located in prime business hubs in Bengaluru, Mumbai & Pune. The company also plans to add another 5 lakh sqft office space over a period of six months.

Commenting on the new development, Manas Mehrotra, Founder, 315Work Avenue said, “In recent times we have seen an increased demand from all businesses, especially leading enterprises and corporates who have recognised the inherent value offered by the flexible workspace model. The pandemic has highlighted the importance of de-densification of office space and adoption of hub and spoke model. Hence there has been a surge in flexible space options and increased focus on hybrid working models by large enterprises and multinationals."

He further said they are re-assessing their existing conventional office spaces, fixed asset investments, long term leases etc and are opting for flexibility and a superior tech enabled office experience that is smart and safe. "We also expect a pick-up in demand for well-located, high-quality and efficient flexible workspaces, resulting in them occupying a greater portion of the total commercial office portfolio in India," Mehrotra added.

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