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315Work Avenue’s expansion aligns with its strategy to establish a presence in 10–12 cities over the next two years and reach 5 million square feet this year.
Mehrotra highlighted the growing impact of the co-working sector, driven by lasting shifts in work dynamics.
Industry reports project annual growth exceeding 20 per cent, with flexible workspaces expanding beyond 100 million square feet by 2030, as more companies embrace agility and cost-effective office solutions.
As per Anarock's report New Age Flex Workspace in March 2024, India’s flex space is expected to reach anywhere between 100 million square feet to about 140 million square feet by 2030.
In 2024, the company leased over 1.25 million square feet to clients such as BNY Mellon, AstraZeneca, Tata Technologies, Tata Motors, and Tata Power, among others.
The Bengaluru-based company currently manages approximately 3 million square feet, with 60,000 seats across 45 prime locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.
Driven by rising corporate demand for flexible workspaces, the company plans to expand through both organic growth and strategic acquisitions.