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Companies in Bengaluru favour flexi spaces
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Friendlier lease agreements and reduced spend make this growing market highly attractive
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Friendlier lease agreements and reduced spend make this growing market highly attractive
In November last year, payment service company Exceleron Software gave up its office of eight years in a commercial building at J.P. Nagar by just letting the lease agreement die a natural death. It now calls a smaller space its office, having signed a lower flexible lease term with ClayWorks, a flexible workspace provider.
Pradnya Chebi, Head, Exceleron, points out that this way, the company has made sure it does not pay for a space that would lie painfully underutilised. The company s 30-plus staff has not set foot in the office since the pandemic, and would likely continue working from home for a few more months.