315Work Avenue a co-working space provider has leased around 25,000 sq ft space to Urban Company in Bengaluru for a total tenure of 60 months. Located at Krimson Square, HSR Layout, the new office of Urban Company is expected to house more than 500 employees.
Manas Mehrotra, Founder 315Work Avenue said, “The deal is a further testament of the rising demand for the co-working sector where companies have realised the benefits of flexible working and are increasingly shifting from a centralised conventional office to decentralised and distributed flex offices for their workforce.”
JLL assisted Urban Company in sourcing and securing the space. 315Work Avenue manages around 35,000 seats across 40 locations in Bengaluru, Mumbai and Pune. The company currently manages 1.75 mn sq ft space and aims to add another two million sq ft by the next financial year.
