MoEngage, a US-based customer engagement platform, is expanding its Bengaluru operations by leasing an additional 450 seats at 315Work Avenue, doubling its space to 45,000 square feet. This move underscores the growing trend of businesses opting for co-working spaces for flexibility and scalability. 315Work Avenue provides customized, modern workspaces that cater to MoEngage's needs, enhancing employee productivity. Manas Mehrotra, Founder of 315Work Avenue, emphasized their commitment to client satisfaction. This expansion reflects India's booming demand for co-working spaces, projected to comprise 20% of the office market by 2030, driven by the need for adaptable and cost-effective work environments.
MoEngage, a US-based customer engagement platform, is significantly expanding its Bengaluru presence by leasing an additional 450 seats at co-working space provider 315Work Avenue. This increases MoEngage's total workspace at 315Work Avenue to 900 seats, occupying roughly 45,000 square feet of prime office space in Koramangala.
This move highlights the growing popularity of co-working spaces for businesses seeking scalability and flexibility. MoEngage leverages the benefits of co-working spaces to accommodate its rapid growth, particularly during periods of expansion.
315Work Avenue offers MoEngage more than just physical space. The company is known for its focus on client satisfaction and building strong partnerships. 315Work Avenue provides MoEngage with a state-of-the-art workspace customized to their specific needs. This includes modern amenities, innovative office designs, and technology features designed to maximize employee productivity within the 45,000 square foot space.
Manas Mehrotra, Founder of 315Work Avenue, emphasized the company's dedication to building long-term relationships with clients, highlighting their commitment to providing best-in-class customer experiences and tailor-made solutions to support their success.
The expansion of MoEngage at 315Work Avenue reflects the surging demand for co-working spaces in India. According to Cushman and Wakefield, India is the fastest-growing flex office market in the Asia Pacific region. Experts predict that flex spaces will account for one-fifth of the entire office market by 2030. This trend is driven by the need for businesses to have flexible and adaptable workspaces. Co-working spaces allow companies to scale their operations quickly without the burden of long-term leases and upfront investments in furniture and infrastructure for their desired number of employees.
As businesses continue to prioritize flexibility and cost-effectiveness, co-working spaces are poised for continued growth in India. This trend benefits not only businesses like MoEngage but also the overall commercial real estate landscape in the country, making it a win-win situation.
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