BHIVE Workspace has leased 42,000 sq ft of office space in Brigade Metropolis, Garudacharapalya, Mahadevapura, Bengaluru. The new facility, which boasts a seating capacity of over 1,200, marks the company’s continued expansion within the city. This follows their previous lease of the eighth floor in the same building last year.
“This new signing supports our strategic vision to enhance our presence across Bengaluru’s key business hubs,” said Shesh Rao Paplikar, founder and CEO of BHIVE Workspace. The company plans to expand its managed office space portfolio by an additional one million sq ft during the current financial year. As part of this expansion, BHIVE has already added two to three properties.
BHIVE Workspace is aiming for a revenue target of Rs 348 crore for FY 2024-25. Currently, the company operates 27 managed offices and enterprise co-working spaces, covering over 1.8 million sq ft and accommodating 46,000 seats. This growth underscores BHIVE’s commitment to providing flexible and scalable office solutions in key business districts of Bengaluru.
With the new lease, BHIVE continues to position itself as a leading player in the managed office space sector, catering to the evolving needs of businesses in Bengaluru. The strategic expansion aims to meet the increasing demand for flexible workspaces, reflecting the dynamic nature of the modern work environment.