315Work Avenue, a new age coworking space provider has leased additional 450 seats to MoEngage, an insights-led customer engagement platform, headquartered in San Francisco, United States. The company had earlier leased 450 seats to MoEngage, totalling to 900 seats now. This office space which is around 45,000 sq ft is located in upmarket Koramangala, Bangalore which is a vibrant commercial locality. This workspace has state-of-the-art infrastructure and is customized to meet the diverse requirements of the client. The deal has been facilitated by property consultants Cushman and Wakefield.
315Work Avenue currently manages 2 mn sq ft space totalling around 40,000 seats across 40 prime locations in Bengaluru, Chennai, Mumbai and Pune. The company is also in advanced discussions to spread its geographical footprint in the New Delhi & NCR and Hyderabad market, along with strengthening its presence in the current markets.
Speaking on the association, Manas Mehrotra, Founder, 315Work Avenue said: “At 315Work Avenue, we place a strong emphasis on building and nurturing relationships and understand the importance of engaging with our existing customer base to ensure their continued satisfaction and loyalty. We always strive to be the go-to ‘partner of choice' for customers by offering best-in-class customer experience, value for money and tailor-made solutions which is also our core value. This deal is a testament to our continued commitment to their success. In the last couple of years, we have leased spaces to several corporate and large enterprise customers, demonstrating our ability to meet the specific needs of businesses. Our aim now is to keep expanding our portfolio, grow revenue and remain profitable.”
Commenting on the further partnership with 315Work Avenue, Veena Satish , SVP , People & Culture , MoEngage said: Co-working spaces offer the advantage of easy and rapid expansion for growing businesses, creating a productive environment that enhances output. Additionally, co-working provides a range of viable options that help alleviate operational stress, particularly during periods of growth. 315Work Avenue’s consistent dedication to client-centric values, has made them a leader in delivering office experience, and we are thrilled to partner with them again for our growth story.”
Ramita Arora, Managing Director, Bengaluru and Head Flex India Cushman and Wakefield, said "In the dynamic landscape of modern workplaces, businesses are increasingly looking for flexibility and a comprehensive suite of solutions to maximize efficiency and productivity of their operations. Managed offices, with their complete end-to-end customized solutions are addressing these needs of businesses, and flex space operators have emerged as a prominent force within the Indian office market. Over the medium term, the flex sector's robust growth will be driven by continued demand for high-quality managed offices that integrate modern amenities, innovative office designs, technology and sustainability features."
Going forward, the demand for coworking spaces is only set to grow. India continues to be the fastest growing flex office market in the APAC region. Flex space is currently growing in double digits, set to account for one-fifth of the office market by 2030, and augurs well for commercial real estate in India.
