Thursday, Apr 25 2024 | Time 10:16 Hrs(IST)
image
Business EconomyPosted at: Oct 5 2021 11:23AM


315Work Avenue signs deal for 700-seat workspaces in Bengaluru

Bengaluru, Oct 5 (UNI) Expanding its footprint in the vibrant city of Bangalore, 315Work Avenue, a leading co-working space provider has announced signing 700-seats with two companies spread over 37,000 square feet here.
While one company is a New-York based American advertising company, the other company is a global manufacturing company with worldwide 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 square feet office space across 20 centres located in prime business hubs in Bangalore, Mumbai & Pune.
The company also plans to add another 5 lakh square feet office space over a period of six months.
The company offers a variety of services and spaces like enterprise offices, co-working desks, private offices, meeting rooms and virtual offices to corporates, mid-size enterprises, small teams, start-ups and entrepreneurs depending on the needs of its users.
315Work Avenue Founder Manas 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 a surge in flexible space options and increased focus on hybrid working models by large enterprises and multinationals, he said.
The company expects 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 said.
He said the demand outlook is strong despite the turmoil caused by the second wave and the growth in demand indicates an improvement in economic sentiment, with companies upbeat about their expansion strategies, Mehrotra said.
"We have already achieved phenomenal growth in a short period and our priority now is to deepen the penetration in existing markets as well as enter newer ones. We remain optimistic about the co-working space growth and momentum," he added.
The coworking companies have seen a massive spike in the number of inquiries recently.
As per a recent report, leasing of flexible workspace by corporates rose 73 per cent during January-June period on a year-on-year basis, signalling the continued demand for co-working spaces in the current scenario.
UNI BDN GNK
Please log in to get detailed story.
Tags: #315Work Avenue signs deal for 700-seat workspaces in Bengaluru
More News

Royaloak Furniture launches 14th store in AP; 169th store in country

24 Apr 2024 | 10:05 PM

Bhimavaram (AP), Apr 24 (UNI) Royaloak Furniture, India’s renowned furniture brand, on Wednesday announced the inauguration of a new store here on Wednesday.

see more..

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..
image