Bussiness

Co-working firm Skootr takes on lease 3.25 lakh sq ft office space in Hyderabad

New Delhi: Co-working firm Skootr on Friday mentioned it has taken on lease 3.25 lakh sq ft of office space in Hyderabad as a part of its enlargement plan.

After taking office space on lease in Hyderabad, the corporate’s portfolio has elevated greater than doubled to five.37 lakh sq ft.

Founded in 2016, Skootr at present has centres in Delhi, Gurugram and Jaipur, comprising greater than 5,000 desks.

In Hyderabad, it plans to open three centres unfold over 3.25 lakh sq ft. The firm will cater to giant multinational shoppers wanting customised office space, Skootr mentioned in a press release.

“With the COVID-19 outbreak, employees’ priorities have changed to health, safety and hygiene. This has led to occupiers shifting their base from Grade B assets to Grade A office space,” Rajat Johar, Country Head, Skootr mentioned.

“With Skootr providing space as a service’ wherein enterprises get the benefits of a hassle-free, fully customised, flexible office space with a negligible CapEx while meeting all compliance requirements and an additional focus on safety, sanitisation and contactless technology suiting the occupier and the employees’ requirements,” he mentioned.

Before the COVID-19 pandemic hit India, the co-working phase was rising at a speedy tempo, however the office space demand was impacted considerably. Corporates deferred their enlargement plan and likewise adopted work for dwelling coverage for his or her staff.

However, demand has began to select up from October final yr.

Recently, co-working firm Smartworks has given on lease over 80,000 sq ft of office space, comprising greater than 1,300 desks, in its facility at Noida to an IT-software.

Property guide Knight Frank India facilitated this leasing deal.

Gross office space absorption declined 35 per cent to 39.4 million sq ft throughout eight main cities in 2020 from 60.6 million sq ft in the earlier yr, in keeping with Knight Frank.

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