Simpliwork Offices leases 1.5 lakh sq ft space from DLF, Mindspace in Chennai - ET RealEstate
Simpliwork Offices leases 1.5 lakh sq ft space from DLF, Mindspace in Chennai - ET RealEstate
Abstract
NEW DELHI: Coworking firm Simpliwork Offices on Tuesday said it has taken on lease 1.5 lakh square feet of office space in Chennai from DLF and Mindspace Business Parks REIT to expand business. Bengaluru-based Simpliwork Offices, which provides managed office space to corporates, has taken on lease about 80,000 square feet from DLF and around 70,000 square feet from Mindspace. The demand for managed office space has increased during the COVID pandemic as corporates are looking for flexibility to scale up. "The office market in Chennai is known for its resilience. A key market, it accounts for a growing share of India's total Grade A office space stock and demand," Kunal Walia, CEO & Founder of Simpliwork Offices, said. "As an industry leader, we are responding to market demand by offering world-class office solutions across high-growth markets. Over the next few months, our endeavour is to set new pan-India benchmarks, not just in terms of space, but also in the overall experience of working from outsourced offices," Walia said. Simpliwork Offices said it is all set to double its inventory to 6 million square feet by the end of 2023, to capitalise on the accelerated demand for outsourced flex workspaces among large corporates across markets. Founded in 2018 by Kunal Walia, Simpliwork Offices is managed workspace provider for Grade A spaces.