Leases  ·  Office

Coworking Provider Industrious NYC Opening First Manhattan Office


Brooklyn-based coworking space provider Industrious NYC has inked a deal to open its first Manhattan location, Commercial Observer has learned.

The emerging company will take 17,255 square feet at 215 Park Avenue South between East 17th and East 18th Streets, according to a press release provided by landlord SL Green Realty Corp.

SEE ALSO: Distress Looms Over U.S. Offices Heading Into Summer: Report

Industrious NYC will occupy the entire 12th floor in the 15-year lease, the release indicates. Asking rent in the deal was $70 per square foot, according to an SL Green (SLG) spokeswoman.

“We are delighted to welcome Industrious, as it continues its expansion within the New York area,” Steven Durels, the vice president of leasing at SL Green, said in prepared remarks.

Keith Caggiano and Roshan Shah of CBRE represented Industrious NYC and declined to comment via a spokeswoman, while SL Green’s Gary Rosen and Howard Tenenbaum represented the landlord in-house.

The coworking provider, which has several locations across the country, opened its first location at 594 Dean Street in the Prospect Heights section of Brooklyn. Industrious NYC occupies about 18,800 square feet at the building between Vanderbilt and Carlton Avenues, as DNAinfo reported in January 2015.

News of the first Manhattan location comes on the heels of a massive fundraising round by the coworking space provider. Industrious NYC closed a Series B round in mid-September that raked in $37 million—boosting its total funding to $51 million, as The Real Deal reported at the time. Jamie Hodari, the co-founder of Industrious NYC, told TRD at the time that the company plans to add about 12 new locations.