Home News In print this week

WeWork competitor Knotel to triple its space in New York City this year

David M Levitt
David M Levitt7/24/2017 08:00 AM GMT+08  • 4 min read
WeWork competitor Knotel to triple its space in New York City this year
(July 24): Start-up Knotel is planning to more than triple its office space in New York by the end of the year in an effort to approach the omnipresence of WeWork, the city’s dominant name in shared workplaces.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(July 24): Start-up Knotel is planning to more than triple its office space in New York by the end of the year in an effort to approach the omnipresence of WeWork, the city’s dominant name in shared workplaces.

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 are not ready to commit to the kind of fixed-term leases landlords typically demand.

“We serve bigger companies than co-working does,” says Amol Sarva, Knotel’s co-founder and CEO. “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 fiveor even three-year leases.”

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.