Knotel Nabs 31K SF in Four Midtown South Buildings
By Nicholas Rizzi September 11, 2018 4:44 pm
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Flexible workspace company Knotel has inked deals for 31,300 square feet of space across four Midtown South buildings, the company announced.
The largest of Knotel’s recent batch of leases is for 12,500 square feet for the second, fifth and sixth floors of The Moinian Group’s 54 West 22nd Street between Fifth Avenue and Avenue of the Americas, a spokeswoman for Knotel said. Knotel also signed deals for space in two other Moinian buildings: 5,000 square feet in 147 West 24th Street between Seventh Avenue and Avenue of the Americas and 2,500 square feet in 37 West 17th Street between Fifth Avenue and Avenue of the Americas.
Aside from the Moinian portfolio, Knotel inked a deal to take 11,300 square feet in Elijah Equities’ 307 Fifth Avenue between Madison and Fifth Avenues, it said. Knotel will occupy the ninth, 13th and 17th floor of the building.
Elie Reiss of Skylight Leasing handled the Moinian leases for the tenant while Gregg Weisser handled the deal in-house for the landlord. Asking rents, length of leases and brokers on the 307 Fifth Avenue deal were not immediately available.
“We are seeing incredible demand for our product in New York City,” Amol Sarva, a co-founder and the CEO of Knotel, said in a statement. “Our growth in Chelsea and NoMad reflects the continued interest in flexible serviced office space by established companies and the city’s top owner/managers.”
Knotel builds and operates offices for small to mid-sized companies through flexible, usually short-term, deals. It plans to open its four new Manhattan locations in the fall.
The company has been scooping up space all over Manhattan recently, including nearly 20,000 square feet at 250 Hudson Street and 45,000 square feet at 261 Madison Avenue, as Commercial Observer previously reported. Knotel has more than 1.4 million square feet and 70 locations in New York, San Francisco, London and Berlin. (Disclosure: Observer Capital, led by Observer Media Chairman and Publisher Joseph Meyer, is a Knotel investor.)
