Microsoft leases 1.8 lakh sq ft flexible spaces in Bengaluru
BENGALURU: Microsoft seeks to expand operations and hence it leased 180,000 sq ft of flexible space with Tablespace Technologies in Bengaluru. The new facility will come up at Tablespace Technologies’ coworking space. It is situated on the Outer Ring Road and can seat 2,000 people.
According to the source “The entire fit-out will be done by Tablespace and the tech giant will pay a rent of around Rs 16,000 per desk. The facility has a lock-in period of two years”. This deal is the second office deal signed by Microsoft this year.
Before this deal, the firm had signed another deal for 150,000 sq ft of space with WeWork in Noida. It is also said by a source that Microsoft had a leasing requirement of 1 million sft in Bengaluru for long-term consolidation but because of business uncertainties they are looking for flexible space as it is easy to downsize such facilities”.
Microsoft currently acquires a 550,000 sq ft on Outer Ring Road which is the tech hub of Bengaluru. Microsoft has operations in 11 cities in India and they have about 8,000 employees across the country.
In October they decided to expand their work-from-home policy and make it permanent for some workers. They have also released the new ‘hybrid workplace’ model. This model allows employees to work from home freely for less than 50% of their working weeks.
