Microsoft has rented 180,000 square feet of flexible space with Tablespace Technologies in Bengaluru as it seeks to expand its operations. The new facility, located on the Outer Ring Road, will be installed in the Tablespace Technologies coworking space and will accommodate 2,000 people. “All the equipment will be outfitted by Tablespace and the tech giant will pay the rental of about 16,000 rupees per office. A person familiar with the deal said the facility has a two-year lockdown period. This is the second flexible office agreement Microsoft has signed this year.”
Previously, the company signed a 150,000 sq ft agreement with WeWork in Noida. Another person said, “Microsoft had a lease requirement of one million square feet in Bengaluru for the long-term consolidation, but due to the uncertainty in the business, it is looking for a flexible space where it is easy to scale down these facilities” both deal. Microsoft currently occupies 550,000 square feet on the Outer Ring Road, the technology hub in Bengaluru. The software giant operates in 11 cities in India and employs about 8,000 people across the country.
In October, the Seattle-based tech giant decided to expand its work from home policy and make it permanent for some workers. The company launched a new “mixed workplace” model that allows employees to work from home freely for less than 50% of their workweek with managers who are able to approve permanent work remotely.