WorkEZ surpasses 1 million sq ft of flex office space
Bengaluru and Coimbatore.
WorkEZ’s managed office space portfolio now spans 1.1 million square feet with over 22,000 workstations across 12 centres.
“Founded in H2 2019, just before the onset of the COVID pandemic, WorkEZ has grown its portfolio at an annual rate (“CAGR”) of over 50% to exceed one mn sq.
ft., a key milestone in the company’s ongoing growth trajectory,” said Sunil Reddy, Co-founder and MD of WorkEZ.
Over the same period, the company’s top line has increased at a CAGR of just over 150%, enabling full-year profitability in FY23. “We aim to become one of the leading pan-India players, promoting profitable growth, with a targeted overall portfolio of six million square feet by FY 2028 across Tier 1 and select Tier 2 cities,” he said.
Flex spaces continue to gain larger ground with occupiers as they focus on building operational efficiencies through a distributed work model. WorkEZ offers turn-key office space solutions to tenants from early-stage startups to global corporations.
“The ever-evolving nature of work culture today demands adaptable office solutions, and WorkEZ remains committed to providing cutting-edge workspaces that cater to diverse business needs.
WorkEZ leverages in-house design and project teams to custom-suit office spaces that enhance collaboration, productivity, and employee satisfaction and retention for its clients. The strength of WorkEZ’s value proposition is apparent in its over 90% occupancy rate across its portfolio,” said Prathap Murali, WorkEZ’s Head of Business for India.
The flexible office segment has grown remarkably, tripling by March 2023.
