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Workez Crosses 1 Mn Sq Ft Of Flex Office Space; Forays Into Bengaluru, Coimbatore

Chennai, November 29, 2023: Chennai-headquartered managed office and co-working space provider, Work Easy Space Solutions Private Limited (WorkEZ) announced signing of five new centres across Chennai, Bengaluru and Coimbatore. With this expansion, WorkEZ has surpassed a significant milestone, securing over 1 million square feet of office space across these three dynamic cities. WorkEZ’s managed office space portfolio now spans 1.1 million square feet with over 22,000 workstations across 12 centers, informs a press release issued by the company.

Sunil Reddy, Co-founder and Managing Director of WorkEZ said: “Founded in H2 2019, just before the onset of COVID pandemic, WorkEZ has grown its portfolio at an annual rate (“CAGR”) of over 50% to exceed 1 mm sq. ft., a key milestone in the Company’s ongoing growth trajectory. Over the same period, the Company’s top-line has increased at a CAGR of just over 150%, enabling full-year profitability in FY ’23. WorkEZ offers turn-key office space solutions to tenants varying from early-stage startups to global corporations, adding tangible value to its clients and landlords alike. Our aim is 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.”

Prathap Murali, WorkEZ’s Head of Business for India, said: “Our expansion into these new centers solidifies our commitment to meeting the flexible needs of businesses across Chennai, Bengaluru, and Coimbatore. 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 & retention for its clients. The strength of WorkEZ’s value proposition is apparent in its over 90% occupancy rate across its portfolio.”