Urban Vault, a leading managed co-working firm, has made a bold move by leasing 100,000 square feet of prime office space in Brigade Summit, Whitefield, Bengaluru. This expansion is a key part of Urban Vault’s strategy to strengthen its presence in Bengaluru, one of India’s most vibrant commercial hubs, and tap into the growing demand for managed workspaces across the country.
In the wake of the COVID-19 pandemic, the demand for office spaces has shifted, with companies increasingly seeking flexible, hassle-free solutions. Urban Vault is meeting this demand head-on by offering fully serviced office spaces that allow companies to focus on their core business without the distractions of office management. Their new facility in Brigade Summit will provide over 2,000 desks, available at a competitive rate of Rs 9,000 per seat per month, making it an attractive option for businesses looking to establish or expand their operations in Bengaluru.
Whitefield, where the new facility is located, is one of Bengaluru’s most prominent residential and commercial areas. Known for its modern infrastructure, it is home to many tech companies, shopping malls, and entertainment options, making it a highly desirable location for both businesses and professionals. Urban Vault’s entry into this area is a strategic move that leverages Whitefield’s appeal and the growing trend of corporates opting for managed office spaces.
This expansion is not limited to Bengaluru. Urban Vault, which already has over 20 lakh square feet of office space and more than 30,000 desks in its portfolio, is planning to enter other major markets like Pune, Gurugram, and Hyderabad by the end of FY25. This ambitious growth plan is a testament to the company’s confidence in the future of managed workspaces and its commitment to providing top-tier solutions across India’s major commercial centers.
Urban Vault’s growth is supported by strong financial performance. In the 2023-24 fiscal year, the company reported a turnover exceeding Rs 100 crore, with an impressive 18% profit after tax (PAT). Their occupancy levels at operational centers stand at 91%, underscoring the company’s success in capturing market demand. This financial strength positions Urban Vault for sustained success as it continues to expand its geographical reach and portfolio.
The leasing of prime office space in Whitefield is more than just a real estate transaction—it reflects Urban Vault’s strategic vision to lead in the post-COVID office space revival, cater to the burgeoning demand for managed workspaces, and contribute to the economic growth of India’s key commercial hubs.
