315Work Avenue leases 1400 seats to TeamLease in Bangalore

Bangalore, July 05, 2022 : Co-working space provider, 315Work Avenue, has signed up 1400 seats, spread over 70,000 sq ft with TeamLease. A press release issued by the company says that, this office space is located at Koramangala.

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.”

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.”