Coworking space provider Incuspaze leases 10,000 sq ft in Trivandrum

Coworking space provider Incuspaze has leased 10,000 sq ft Kowdiar, Trivandrum in collaboration with Aspinwall & Company Ltd.

“We are thrilled for this expansion, and collaboration with Aspinwall Group to uplift the existing workspace infrastructure in Trivandrum and provide custom solutions to help corporates in city and expanding to the city. The newly launched workspace is 40% pre-occupied before the launch and already houses two major enterprise clients,” said Sanjay Chatrath, Managing Partner, Incuspaze.

Commercial real estate industry is evolving as the real estate absorption of corporates has completely changed, from conventional to managed offices along with the movement of corporates from Tier-2 cities. Managed and flexible spaces are need of the hour as these are cost effective solutions with minimum risks for all businesses.

“The demand is picking up as more and more people are getting vaccinated, and corporates are switching to hybrid workspace model to provide more flexibility to their employees and work near home options for undisrupted flow of work and operations. We are already in advance discussion with various Fortune 500 accounts to support them in managed and hybrid workspace,” Chatrath added.

Tier-2 cities are witnessing a huge demand post pandemic due to distributed workspace model. The rising demand is supported by shift of corporates from conventional spaces to managed workspaces, work near home solutions and cost of Grade-A real estate is relatively lower in comparison to Tier-1 cities.

“We’re pleased to partner with Incuspaze by associating for co-working business in the capital city of Kerala. We expect that the premium spaces, close to 10,000 square feet as a part of Phase 1 of the alliance, would deliver and cater to the business requirements of today’s generation,” said Rama Varma, Managing Director, Aspinwall & Company Ltd.

Incuspaze had added new centres in Ahmedabad, Vadodara, Kochi, Gurgaon, Noida and now Trivandrum in and post pandemic along with addition of over 10+ Grade A Built to suit facilities to their workspace fleet in across Tier-1 and tier-2 cities for enterprises.