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Innov8 Occupancy Jumps to 90% Driven by its '5 Minutes to a Metro Station' Strategy
Innov8, a leading co-working startup in India, has clocked average occupancy rate of 90% across all its centres in India, with cities such as Mumbai clocking 100% occupancy as of May 2023. This growth stands in stark contrast to early 2022 when return to office had just gathered momentum. In January 2022, Innov8 recorded an average occupancy of 65%. Innov8...
Innov8, a leading co-working startup in India, has clocked average occupancy rate of 90% across all its centres in India, with cities such as Mumbai clocking 100% occupancy as of May 2023. This growth stands in stark contrast to early 2022 when return to office had just gathered momentum. In January 2022, Innov8 recorded an average occupancy of 65%. Innov8 currently has over 7000 seats across its co-working facilities in India.
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Innov8 reception
Talking about their renewed approach and expansion, Dr. Ritesh Malik, Founder of Innov8 said, "As start-ups and businesses return to office, we have seen an increase in the number of inquiries for co- working spaces which has improved our overall occupancy. Our recent pivot to a '5 minutes to a metro station' strategy has also created a clear path of growth for us, and we have seen consistent improvement across parameters. A mindset shift to a hybrid and flexible workspace is evident across all major business cities in India as we have seen a growing preference for cost effective, managed spaces."
Pankhuri Sakhuja, Business Head of Innov8 added, "Individuals and businesses increasingly embrace collaborative and flexible spaces to enhance productivity and foster professional connections. The demand for coworking spaces is a testament to the changing landscape of work, where individuals seek a sense of community and a conducive environment that fosters collaboration and innovation."
Founded in 2015 by Dr. Ritesh Malik, Innov8 is currently spread across 9 cities-Delhi, Gurgaon, Mumbai, Pune, Chennai, Bangalore, Ahmedabad, Hyderabad & Indore, with over 20 centres hosting brands like Tata Digital, IndusInd Bank, Jio Saavn, Phone Pe, Nykaa & Mobi Kwik.
About Innov8
Innov8 is a leading provider of premium co-working spaces, offering a vibrant and productive work environment with excellent connectivity, access, and flexibility. Founded in 2015 by Dr. Ritesh Malik, Innov8 has quickly established itself as a leader in the co-working space industry in India, with centres in key business cities across the country.
For more information, please visit www.innov8.work.
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