Knotel Inks 17K-SF Deal for New Midtown East Shared Office Space

by Knotel: April 25, 2018
Flexible office space provider Knotel has signed a 17,000-square-foot deal for a new location at Rudin family’s 560 Lexington Avenue as the co-working company continues its rapid growth. The company will occupy the entire seventh floor of the 22-story building at the corner of East 50th Street, Commercial Observer has learned. The new digs will open in the first quarter of the year. Knotel locked down a 10-year deal for the space, which had an asking rent of $75 per square foot, according to a Rudin spokeswoman. “560 Lexington is a coveted building given its recent renovation and convenient location,” Amol Sarva, Knotel’s chief executive officer and co-founder, said in a statement. “Our growth in Midtown reflects the continued interest in flexible and serviced office space

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