A co-working space provider, 315Work Avenue has signed 700-seat with two companies spread over 37,000 sq ft in Koramangala and HSR Layout.
One of these companies is a New York-based American advertising company and the other is a global manufacturing company with a presence in 15 countries around the world. With these two agreements, the company has signed around 5,000 seats in the last six months.
315Work Avenue currently manages approximately 20,000 seats spread over 1 million square feet of office space in 20 centers located in prime business hubs in Bangalore, Mumbai and Pune. The company also plans to add another 5 lakh square feet of office space over a period of six months.
The company provides a wide range of services and locations such as enterprise offices, co-working desks, private offices, meeting rooms and virtual offices to corporates, medium-sized enterprises, small teams, start-ups and entrepreneurs depending on the needs of its users. .
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Commenting on the new development, Manas Mehrotra, Founder, 315Work Avenue said, “In the recent past, we have witnessed an increasing demand from all businesses, especially leading enterprises and corporates, who have taken the inherent advantage of being offered by the flexible workspace model. value recognized.”
Mehrotra said, “The pandemic has highlighted the importance of de-densification of office space and adoption of hub and spoke model. Hence there has been an increase in flexible location options and the focus on hybrid working models by large enterprises and MNCs. “
Mehrotra said companies are re-evaluating their existing traditional office spaces, real estate investments, long-term leases etc and opting for flexibility and a better tech-enabled office experience that is smart and secure.
The co-working company expects a rise in demand for well-located, high-quality and efficient flexible workspaces, as a result of which they occupy a major part of the total commercial office portfolio in India. It is now focused on deepening penetration into existing markets as well as entering new areas.
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