Co-working space cos stick to expansion plans

Managed office space providers are continuing with their expansion plans even during the second Covid wave, expecting an increase in demand as more cost conscious companies explore a hybrid office model in the future and tier 2 and 3 cities offer new opportunities.Companies like Awfis, Smartworks, ABL Workspaces and MyBranch, Incuzpace say pan India plans are on track and they are aggressively targeting tier 2 and 3 cities as majority of the workforce has shifted to these places.82848426“Owing to the current work-from-home situation, many employees are operating from their hometowns in tier 2 and 3 cities,” said Amit Ramani, CEO and founder of Awfis and vice president at Indian Workspace Association. “Companies too are looking at distributed workspace models that allow employees to work near home/work from anywhere out of a professionally managed work set up. As a result, there has been a significant upsurge in the demand for flexible workspace options in tier 2 and 3 cities with many working professionals looking out for shared workspace options.”Premium co-working space provider ABL Workspaces, which operates close to 2,500 seats in Delhi-NCR, plans to reach 15,000 seats by 2021-22.“Our aim is to identify the client first and then look for space for him,” said Akshita Gupta, co-founder and CMO of ABL Workspaces. “We have recently leased 250 seats to Unacademy in Greater Kailash following the same model.”Awfis said the increase in demand for co-working set ups in tier 2 cities has accelerated its expansion plans. In the next six months, the company aims to have a total of 10-12% of seat capacity in smaller cities. Awfis recently opened a new centre in Indore, and plans to enter new markets like Lucknow, Kochi and Jaipur soon.

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