Co-working and managed office space provider Incuspaze forays into Vadodara

Incuspaze, a premium coworking and managed office space provider, has forayed in Vadodara, Alembic City.

The new centre in Vadodara, it's second in Gujarat, is spread across an area of 50,000 sq. feet encompassing 1000 seats which will be rolled out in 2 phases. In the first phase, the company will go live with 500 seats along with dedicated private offices, meeting rooms, and conference rooms.

Sanjay Chatrath, Managing Partner - India, Incuspaze said, “Last year was a major setback for commercial real estate industry as a whole, and coworking was not immune to it. But going against these odds we recently launched our first centre in Gujarat in Ahmedabad at Vijay Cross Road and were thrilled to see the response of Gujarat market where corporates are looking out for more flexible offices post-COVID."

Currently, Incuspaze is present in 10 cities across 25 locations and plans to launch two new centres in Kochi and Trivandrum. Additionally, it has also signed 3 new centres in Delhi/NCR spread across 2 lac sq. ft. All these centres are expected to be launched by end of January 2021.

“We are on track to add 5 lakh sq. ft. by the end of 2021 in Gujarat. We are already in discussion with multiple asset owners for further expansion in Vadodara and Ahmedabad and add new spaces in key cities like Surat and Rajkot," said Chatrath.

Tier-II cities in India are emerging markets and experiencing a surge in demand for coworking spaces due to the rising number of home-grown start-ups and corporates shifting to “work-near-home” ideology due to spread of Covid-19.

Udit Amin, Director, Alembic Real Estate, said, “The outlook on modern flexible workspaces is quite bright and encouraging. We believe the demand for co-working and managed office spaces will improve further as it enhances employee engagement and community experience".