315Work Avenue has signed up 1400 seats, spread over 70,000 sq ft with TeamLease, one of India's leading human resource company. This office space is located at Koramangala, Bangalore a prominent business hub in Bangalore that is witnessing sky rocketing commercial growth. The new centre comes with all modern amenities and state-of-the-art facilities and customized spaces.
315Work Avenue currently manages around 30,000 seats spread over 1.5 million sqft across multiple prime locations in Bangalore, Mumbai and Pune. The company also plans to add another 1.5 million sqft office space over a period of next 1 year and will add few more cities in the near future, given the high demand for fully managed and flex office solutions.
Commenting on the same, Manas Mehrotra, Founder, 315Work Avenue said : “We are extremely elated to on-board TeamLease as one of our members in Bengaluru. This deal reaffirms the continued demand by companies now who see many advantages in adopting coworking styles. Companies want to remain agile and quickly adapt to market conditions and our plans offer them the opportunity to do so with ease. The advantage of capital-light model provided by coworking industry is proving to be the perfect solution for companies. We have witnessed a robust growth in this calendar year 2022 and have signed up around 10000 seats already and going forward, we remain optimistic about the high growth of coworking spaces.”
As per a recent survey, nearly 46 per cent of the respondents voted in favour of shared spaces and 30 percent opted for hub-and-spoke model, which means that nearly 76 per cent of employees are in favour of the coworking model now.
Commenting on the association, Ramani Dathi, CFO, TeamLease Services Limited said: “The nature of the workspace has changed in the recent times and keeping in mind the rapidly evolving dynamics around the concept of the workplace, this arrangement offers convenience and flexibility for our employees in a contemporary, tech-enabled and safe environment. We are continuing to grow at an exponential rate and need partners like 315Work Avenue who can deliver on our ever-evolving needs. Their one-stop solution to all our workspace requirements ensure that our employee experience is hassle-free and seamless.”
“Today, organizations are on the lookout for solutions that not only offer safety and convenience but also go the extra mile to improve productivity while optimizing costs. 315Work Avenue caters to these needs while providing the right mix of culture, community and collaboration. The company has steadily evolved with the shift in demand and remained ahead of the curve, through the new normal, addressing the varied needs of organizations for their highly customized workspace requirements.” added Manas.
The coworking industry is expected to double over the next five years at a compound annual growth rate (CAGR) of 15 per cent. As per recent reports, the increased demand from large enterprises will help the industry grow to more than 60 million square feet by 2023, signalling the consistent demand for co-working spaces in the current scenario.
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