WorkEZ has surpassed 1 million sq. ft. in flexible office space and is expanding its presence into Bengaluru and Coimbatore while strengthening its roots in Chennai.
A Milestone Achieved
Founded in the latter half of 2019, just before the onset of the COVID-19 pandemic, WorkEZ has demonstrated remarkable growth. Our portfolio has expanded at an annual rate of over 50%, reaching a key milestone of over 1 million square feet. This growth isn’t just in terms of space; our top line has increased at a Compound Annual Growth Rate (CAGR) of over 150%, leading to full-year profitability in FY 2023.
Expanding Horizons
Our expansion includes signing five new centres across Chennai, Bengaluru, and Coimbatore. This growth reflects the changing preferences of modern businesses and the increasing demand for flexible, adaptable office solutions. Our managed office space portfolio now spans 1.1 million square feet with over 22,000 workstations across 12 centres.
The WorkEZ Edge
At WorkEZ, we offer turn-key office space solutions to a diverse range of clients, from early-stage startups to global corporations. Our approach adds tangible value to our clients and landlords alike. We aim to become a leading pan-India player, promoting profitable growth, with a targeted overall portfolio of six million square feet by FY 2028, across Tier 1 and select Tier 2 cities.
Our Commitment to Flexibility and Innovation
Our Head of Business for India, Mr. Prathap Murali, emphasizes our commitment to meeting the flexible needs of businesses across our new centres. We remain dedicated to providing cutting-edge workspaces that cater to diverse business needs, leveraging in-house Design and Project teams to custom-suit office spaces that enhance collaboration, productivity, and employee satisfaction and retention. Our over 90% occupancy rate across our portfolio is a testament to our value proposition’s strength.
About Our New Centres
We’re excited about our upcoming centres, including WorkEZ Helix in Velachery, WorkEZ The Ark in Sholinganallur, WorkEZ Alwarpet in Chennai, our first centre in Bengaluru, and our first centre in Coimbatore. Each of these centres is strategically located and designed to meet the evolving needs of today’s dynamic work culture.
Conclusion
As we celebrate this milestone, we look forward to continuing our journey of growth and innovation. At WorkEZ, we’re not just creating office spaces but building environments that inspire creativity, collaboration, and productivity. Join us as we redefine the future of workspaces, one square foot at a time.