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Corporation
BUSINESS PRODUCTS & SERVICES | Facilities
knotel.com

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Founded Year

2016

Stage

Asset Sale | AssetsPurchased

Total Raised

$562.5M

Revenue

$0000 

About Knotel

Knotel helps businesses expand physically by providing founders and growing teams needed open space, flexibility, and a community environment.

Knotel Headquarter Location

228 Park Ave S #90047

New York, New York, 10003,

United States

(646) 883 6300

Latest Knotel News

Coworking firm Industrious to take over former WeWork space near Grand Central

Nov 15, 2021

Industrious flexible workspace in Scottsdale, Ariz. Flexible office and coworking provider Industrious is adding a 43,847-square-foot site that used to be home to a WeWork location to its portfolio of 11 spaces across the city. The 10-year deal at the Sapir Organization’s 261 Madison Ave., near Grand Central Terminal, brings the company’s New York City footprint to nearly 600,000 square feet. Since the pandemic began, Industrious has expanded with at least three new locations in the city. In March the company took over a 23,000-square-foot Herald Square office space previously occupied by competing flex provider Primary. The company took 53,000 square feet at another Herald Square building, this one owned by the Sioni Group, in 2020. Related Articles CBRE’s Peter Turchin, Gregg Rothkin, Tim Freydberg, Jared London and Hayden Pascal represented the Sapir Organization in the deal, and the company’s Sacha Zarba and Alice Fair represented Industrious. Last year Industrious added a former Congregate space near Bryant Park and one operated by Ignitia in Brooklyn, and it is looking to grow into other locations that Knotel and its other competitors have shed. Meanwhile, Switzerland-based coworking conglomerate IWG , which owns the Spaces and Regus brands, recently signed deals for a 63,000 square-foot Spaces location at 401 Park Ave. South, which was also previously operated by WeWork, and a 28,000-square-foot, 100-office Regus space at 14 Penn Plaza that used to be run by Virgo.

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