WeWork India, the renowned provider of flexible and managed office spaces, has announced its entry into the Chennai market with a substantial 130,000 square feet of space in Olympia Cyberspace. This expansion marks the eighth city in India where WeWork has established its presence, solidifying its position as a leading provider of flexible workspaces in the country.
With a total of 54 locations spanning seven cities and boasting over 90,000 desks, WeWork India's venture into Chennai is a strategic maneuver aimed at further strengthening its footprint in the region. Particularly in the southern part of India, WeWork India has already established a significant presence with 27 locations and more than 44,500 desks in Bengaluru and Hyderabad combined.
CEO of WeWork India, Karan Virwani, expressed enthusiasm about the move, stating, "We are witnessing a continued surge in demand for flexible workspaces across India. As organizations rapidly return to work, there is a growing need for flexible and customizable workspaces that can facilitate hybrid or full-time work models. With a strong pipeline of deals, we are excited to expand our presence into Chennai, with a focus on creating a range of custom solutions suited for diverse businesses."
The chosen location for WeWork's entry into Chennai, Olympia Cyberspace, holds strategic significance being situated at the entry point to Central Chennai. The property, spanning across two floors and accommodating over 2000 desks, is scheduled to open its doors in early June 2024.
WeWork India's journey in the Indian market began in 2017, and since then, it has made significant strides by signing over 8 million square feet of assets across 54 locations in various cities including New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad.
The expansion into Chennai not only signifies WeWork India's commitment to catering to the evolving needs of businesses but also highlights its proactive approach in adapting to the changing dynamics of the workspace landscape in India.
This move is anticipated to further revolutionize the office space industry in Chennai, offering businesses the flexibility and agility required to thrive in today's fast-paced environment while simultaneously fostering a collaborative and innovative work culture.
