315Work Avenue leases 50,000 sq ft office space to METRO Global Solutions in Pune
MGSC serves as the internal solutions arm of global wholesaler METRO.
International Tech Park Pune (ITPP), where the new lease has been signed, is a Grade A commercial development by Ascendas-Singbridge. Spanning 2.5 million sq ft, the tech park is located in Kharadi, a key IT hub in Pune's North Eastern corridor, and is near the Pune Lohegaon International Airport.
With this addition, 315Work Avenue now operates six centres in Pune across 0.6 million sq ft, offering about 12,000 seats in collaboration with developers such as Ascendas, Panchshil, and Raheja. Nationwide, the company manages 3 million sq ft and 60,000 seats across 45 locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, the statement said.
Also Read: 315Work Avenue leases additional 56,000 square feet office space in Pune
Manas Mehrotra, founder of 315Work Avenue, said the company is witnessing rising demand for flexible workspaces from corporates seeking cost-effective, collaborative environments.
"Overall, we continue to see a significant rise in demand for co-working spaces from corporates of all sizes as flexible workspace has become a key component in their real estate portfolio to enhance employee productivity, foster collaboration, and optimise operational costs by scaling up or down as per business requirements. Our recent expansions, including significant leases in multiple cities, highlight our commitment to meeting the rising demand for flexible workspaces across the country," he said.
According to JLL, flexible workspaces made up 20% of India's office leasing in 2024, with the segment expected to exceed 100 million sq ft across the top seven cities by 2026.
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