WeWork Competitor Knotel to Triple NYC Space This Yearq

by Knotel: April 19, 2018

The expansion comes amid growing demand for Knotel’s niche in the shared-office market: companies that have 50 to 200 employees -- too big for the typical co-working environment -- that want their own turnkey offices and aren’t ready to commit to the kind of fixed-term leases landlords typically demand.

“We serve bigger companies than co-working does,” said Amol Sarva, Knotel’s co-founder and chief executive officer. “Companies prefer to use a service like ours than to sign leases, and, on the other side, ownership is finding it uneconomical to serve short-term company leases. Owners are facing customers these days who don’t want to sign five- or even three-year leases.”

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