Bangalore: In keeping with consistent demand for coworking spaces, 315Work Avenue, a cutting-edge coworking space provider has leased around 25,000 sq ft, in Bangalore to Urban Company, a one-stop destination for home services for a total tenure of 60 months. This premium workspace is located at Krimson Square, Hosur Road, HSR Layout, Bangalore and is home to multiple renowned companies. This workspace which is in one of the 40 locations of the 315Work Avenue across India has state-of-the art infrastructure and is customized to meet multiple requirements of the client.
Founded in 2014, Urban Company is Asia’s largest technology marketplace for home services such as beauty & spa at home, cleaning, plumbing, carpentry, appliance repair, painting, etc. through its mobile app & website. It operates in 50+ cities in India, the UAE, Singapore & The Kingdom of Saudi Arabia. It has a partner network of over 42,000 hand-picked service professionals transforming them into organized & high-quality micro-entrepreneurs. This new office of Urban Company is expected to house more than 500 employees.
315Work Avenue, known for its technology-driven hubs, customised workflow and a productive work ambience, manages around 35,000 seats across multiple prime locations in Bengaluru, Mumbai and Pune. The company currently manages 1.75 million sq ft space and aims to add another 2 million sq ft by the next financial year.
Commenting on the same, Mr. Manas Mehrotra, Founder, 315Work Avenue said: “The world of commercial real estate is witnessing a sea change as coworking spaces have become an increasingly popular choice for businesses of all sizes. This deal is a further testament of the rising demand for the coworking sector where companies have realised the benefits of flexible working and are increasingly shifting from a centralized conventional office to decentralized and distributed flex offices for their workforce. While we see large enterprises vying for coworking spaces, the younger workforce too is choosing to be part of the new age office spaces.”
