July 12, 2018
Knotel Expands its Reach Further into NoMad
Knotel, the flexible office provider often viewed as a competitor to WeWork, is cementing its presence in NoMad with at least two new locations.
According to an article published in The Real Deal in May, Knotel inked a deal to lease 40,050 square feet of space at 105 Madison Avenue. Additionally, last month, Commercial Observer reported that the company had also leased 13,400 square feet on the Seventh and Eighth Floors of 38 East 29th Street.
Knotel’s business model has been hailed as an innovation in short-term office spaces both for startups and for rapidly growing businesses in need of flexible space. As a variation to coworking space providers like WeWork, Knotel leases entire floors of office space from landlords and builds them out for small or mid-sized companies who usually need an entire floor at a time.
Knotel is itself a fast-growing startup. In just over two years, Knotel has expanded its reach across more than one million square feet of leasing space in 50 locations across New York City, London, San Francisco and Berlin, prompting Forbes to dub it “the Uber of office leasing.”
It’s currently unknown which companies will occupy the space in these new Knotel locations, but they will no doubt add to the sense of fresh energy and growth in our neighborhood.