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Smartworks Coworking Spaces Ltd has leased 168,000 sq. ft. of office space in Kolkata to a prominent IT company, signaling strong demand for flexible office solutions. The deal underscores the growing preference among technology firms for ready-to-use, scalable workspaces. Over the past few years, Smartworks has expanded across India, focusing on tier-1 and tier-2 cities, and attracting large corporate clients. Industry experts view this lease as a reflection of the resilience of Kolkata's office market and the ongoing adoption of hybrid work models.
Smartworks Coworking Spaces Ltd has leased a substantial 168,000 sq. ft. of workspace in Kolkata to a leading IT company. The deal reinforces the growing demand for flexible office spaces among technology firms in the city. Smartworks, which has been expanding its presence across India over the past few years, continues to attract large corporates seeking ready-to-use office solutions. Advertisement
This lease adds to Smartwork's portfolio of large-scale office space agreements, reflecting the company's strategy of targeting major IT and corporate clients. The transaction highlights the resilience of coworking spaces in Kolkata, even as hybrid work models evolve across industries. Experts note that flexible office solutions are increasingly preferred by companies looking to optimize real estate costs while maintaining scalability.
Smartworks has been steadily growing its footprint in tier-1 and tier-2 cities, providing fully managed office spaces with modern amenities. This latest lease in Kolkata aligns with its expansion plans and the ongoing trend of IT companies opting for large, flexible office setups. The deal also demonstrates the sustained interest of major corporates in Kolkata's office real estate market, which has witnessed steady demand despite global economic uncertainties.
Source Reuters
5th Jun, 2025
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