Coworking operator Trios to add 2,000 seats in Mumbai, Bangalore and Ahmedabad

Coworking operator Trios to add 2,000 seats in Mumbai, Bangalore and Ahmedabad

Pune-based coworking operator Trios is in talks to lease close to 100,000 sq ft in Mumbai, Bangalore and Ahmedabad to take the number of operational seats to 3,000 from current 1,000 as demand for managed office space operators has spiked post the Covid-19 pandemic.

“Around Rs 15 crore will be infused in building hub branches, and franchisees will be pulled in for the branches,” said Tejasa Potnis, CEO and Director of Trios Coworking.

The operator works around a hub-and-spoke model where it invests into one hub branch per city and then has smaller branches around the city.

Trios is expanding on the back of solid demand and pre-approved long-term deals from clients.

By next year, the company will expand to 150,000 sq ft with a total 3,000 seats.

It currently operates 50,000 sq ft with about 1,000 seats in Pune.

“We have finalised 20,000 sq ft in Mumbai’s Andheri, 20,000 sq ft in Ahmedabad and close to 35,000 sq ft in Bangalore. These three will be signed within a week while we are evaluating another asset in Bangalore,” said Potnis.

Co-working spaces are expected to see a rise in absorption of seats between 20-30%, according to industry experts.

A global HR Technology company has recently leased 200 seats with Trios while the company has executed another built-to-suit deal of about 350 seats in Pune.

“We are creating a built-to-suit managed services office space, where we build the office interior infrastructure according to their requirements and then also manage the office by taking care of concierge service, utility bills, office assistance, housekeeping, technology requirements and AMCs of equipment,” she added.

The company has plans to enter Gurgaon and Delhi and is also in talks for space in tier 2 cities like Lucknow and Indore.

A strong expansion of flex office spaces will be seen in tier 1 and 2 cities since organisations want to be closer to employees who have moved back to their hometowns.

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