Mumbai: 315Work Avenue has leased around 45,000 sq. ft. of premium enterprise-grade managed office space at Bhartiya City, Thanisandra, Bengaluru, expanding its footprint in North Bengaluru amid growing demand for flexible workspace from enterprises, Global Capability Centres (GCCs), technology companies and high-growth startups. The transaction was facilitated by real estate consulting firm Colliers India.
The new centre adds to 315Work Avenue’s presence in one of Bengaluru’s rapidly developing commercial corridors. North Bengaluru has emerged as an important business destination, supported by its social infrastructure, connectivity and proximity to key employment and business hubs such as Manyata Tech Park and Kempegowda International Airport.
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The workspace will provide modern office infrastructure along with technology-enabled workplace solutions. The facility is intended to support businesses seeking flexible and managed office environments as they scale their operations, while also addressing requirements around workplace productivity and employee experience.
Commenting on the expansion, Mr. Manas Mehrotra, Founder, 315Work Avenue, said,“This new centre aligns with our strategy of expanding in high-growth micro-markets. The flexible workspace sector is rapidly evolving into a mainstream commercial real estate asset class, and this momentum will continue. The demand has gained greater traction with corporates and MNCs continuing to make a beeline to coworking spaces that have emerged as strong centres of growth. Our recent expansions, including significant leases in multiple cities, highlight our commitment to meeting the rising demand for flexible workspaces across the country.”
315Work Avenue currently manages around 4 million sq. ft. of space, amounting to approximately 80,000 seats across 55 prime locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. The company has recorded rapid growth since its inception and plans to enter newer cities while expanding its presence across existing markets.
The company expects this growth to be supported by continued demand for flexible office spaces from corporates. It is also evaluating both organic and inorganic initiatives to expand its footprint.
The expansion comes as flexible workspace providers continue to increase their share of India’s office market. According to a recent report, the country’s flexible workspace industry has crossed the 100 million sq. ft. mark, with enterprise occupiers and GCCs emerging as key drivers of demand. Credit rating agency Crisil estimates that sector capacity will increase to 140-145 million sq. ft. by FY28.
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With flexible workspace operators continuing to expand their portfolios, managed and coworking offices are increasingly becoming part of corporate real estate strategies. The growing adoption by organizations across sectors indicates a shift towards agile office solutions as a longer-term requirement rather than simply a temporary workplace alternative.
