Chennai-headquartered managed office and co-working space provider, Work Easy Space Solutions Private Limited (WorkEZ) announced the signing of five new centres across Chennai, Bengaluru, and Coimbatore. With this expansion, WorkEZ has surpassed a significant milestone, securing over one million square feet of office space across the three cities. WorkEZ’s managed office space portfolio now spans 1.1 million square feet with over 22,000 workstations across 12 centres.
The flexible workspace market has experienced substantial growth, reflecting the changing preferences of modern businesses. WorkEZ stands at the forefront of this trend, offering versatile solutions that adapt to the dynamic nature of work.
Mr Sunil Reddy, Co-founder and Managing Director of WorkEZ said that WorkEZ has grown its portfolio at an annual rate of over 50 percent 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 increased at a CAGR of just over 150 percent, enabling full-year profitability in FY 2023.
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. The company aims to become one of the leading pan-India players, with a targeted overall portfolio of six million square feet by FY 2028, across Tier 1 and select Tier 2 cities.
Mr Prathap Murali, WorkEZ’s Head of Business for India, said that 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 percent occupancy rate across its portfolio.