Coworking firm Simpliwork Offices takes on lease 150K sq ft in Chennai

Coworking firm Simpliwork Offices on Tuesday said it has taken on lease 1.5 lakh square feet of office space in Chennai from DLF and Mindspace Business Parks REIT to expand business. Bengaluru-based Simpliwork Offices, which provides managed office space to corporates, has taken on lease about 80,000 square feet from DLF and around 70,000 square feet from Mindspace. The demand for managed office space has increased during the COVID pandemic as corporates are looking for flexibility to scale up. The centre in DLF Downtown, Chennai will have more than 1,700 seating capacity and expected to be operational early next year, while the facility at Commerzone, Porur with Mindspace Business Parks REIT is already operational. "The office market in Chennai is known for its resilience. A key market, it accounts for a growing share of India's total Grade A office space stock and demand," Kunal Walia, CEO & Founder of Simpliwork Offices, said. Given its strategic location housing multiple ...

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