October 11, 2022: Smartworks, India's leading enterprise- focussed workspace platform, today announced its entry into Tier-2 cities with centres in Jaipur and Indore. The company has signed up approx. 1.7 lakh sq. ft in these cities as part of its expansion plan and is in line with the increase in demand for hybrid workspaces and pre-leasing commitments from the enterprises.
Smartworks has a strong presence in leading Tier 1 markets in India with tech-enabled flex spaces across Bengaluru, Hyderabad, Chennai, Pune, Mumbai, Kolkata, and Del/ NCR with over 80% enterprise clients comprising Forbes 2000, Fortune 500 and Global MNCs.
Speaking on the announcement, Neetish Sarda, Founder, Smartworks, said, " The flex space industry is thriving and positioned for robust ongoing growth. Tier 2 cities are now sought-after destinations for enterprises as they offer business opportunities and a diverse range of untapped talent pools. With our huge presence in Tier 1 markets, we have offered enterprises faster scalability and office setup solutions. We can now provide the same convenience, flexibility, and agile business solutions in Tier 2 cities. We also plan to expand to more Tier 2 cities such as Kochi, Coimbatore, and Ahmedabad this fiscal".
As a leading operator of scale facilitating multi-city deals with enterprises, Smartworks provides a premium workspace experience at a competitive price and an office experience ecosystem built carefully by integrating technology, hospitality, and industry-leading partnerships.
The company witnessed historic expansion last year, leasing 3 Mn sq. ft, including the world's largest flex space campus, 7-lakh sq.ft., Vaishnavi Tech Park in Bengaluru.
Smartworks plans to add another 3 Mn sq. ft this fiscal year, bringing its total portfolio to 10 Mn sq. ft.