WorkEZ becomes Chennai’s Largest Co-Working Space Provider

In just 18 months since its launch, co-working space provider WorkEZ has taken pole position in the Chennai market. The company has leased an additional 1.3 square feet of office space in addition to its existing 2.75 lakh square feet portfolio of shared workspaces, w

BY Realty Plus
Published - Thursday, 22 Jul, 2021

WorkEZ becomes Chennai’s Largest Co-Working Space Provider

In just 18 months since its launch, co-working space provider WorkEZ has taken pole position in the Chennai market. The company has leased an additional 1.3 square feet of office space in addition to its existing 2.75 lakh square feet portfolio of shared workspaces, which puts its cumulative shared workspace portfolio at over 4 lakh square feet and 8,500 seats across three micro-markets. Our 8,500 seats in Chennai gives us a good market share. So, we are touching about 30 percent in Chennai’s managed office space market,” Prathap Murali, Business Head, WorkEZ said. “We cater to clients looking to customize their space and are completely light on capital and operational expenditure,” he added. WorkEZ’s 8,500 seats put SmartWorks (6,274) in second place and Workafella (3,100 seats in leased workspaces) at number three. WorkEZ has also reported an average occupancy of 93 percent across its centres in Anna Salai, Guindy and Old Mahabalipuram Road. The company is also plotting an expansion plan, hoping to set up a footprint in Coimbatore, Bengaluru, Cochin and Hyderabad in the next six to eight months. In Hyderabad, the company is considering places like Hitec city; in Bangalore, we will look at Outer Ring Road, the CBD and Koramangala. It plans to go upwards of between 2 to 2.5 lakh square feet in each city, hoping to start with about 1 lakh square feet in each of these cities.